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Pinkin Incorporated needs to determine a price for a new phone model. Pinkin desires a 25% markup on the total cost of the phone.

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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 $ 21 Overhead $ 85,000 Overhead Direct labor General and administrative 46 General and administrative 65,000 26 56 Using the total cost method what price should Pinkin charge?

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