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 $ 16 Overhead $ 85,000 Direct labor 41 General and administrative 65,000 Overhead 21 General and administrative 51 Using the total cost method what price should Pinkin charge?