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Pinkin Inc. needs to determine a price for a new phone model. Pinkin desires a 20% markup on the total cost of the phone. Pinkin

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Pinkin Inc. needs to determine a price for a new phone model. Pinkin desires a 20% markup on the total cost of the phone. Pinkin expects to sell 47.000 phones. Additional information is as follows: Variable product cost per unit Variable administrative cost per unit Total fixed overhead Total fixed administrative $ 78 67 105,000 83,000 Using the total cost method what price should Pinkin charge? Multiple Choice o O $149.07 0 $166.05 0 $177.60 O $170.07 0 $178.80

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