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 $ 15 Overhead $ 85,000

Direct labor 40 General and administrative 65,000

Overhead 20

General and administrative 50

Using the total cost method what price should Pinkin charge?