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 $ 18 Overhead $ 85,000 Direct labor 43 General and administrative 65,000 Overhead 23 General and administrative 53 Using the total cost method what price should Pinkin charge? Multiple Choice