Pinkin Incorporated needs to determine a price for a new phone model. Pinkin desires a 25% markup on the total cost of the phone. Pinkin expects to sell 30,000 phones. Additional information is as follows: Variable Costs per Unit Fixed Costs (total) Direct materials $ 26 Overhead $ 85,000 Direct labor 51 General and administrative 65,000 Overhead 31 General and administrative 61 Using the total cost method what price should Pinkin charge? Multiple Choice $211.10 $217.50 $185.10 $197.50 $216.25