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:

ariable Costs per Unit		Fixed Costs (total)
Direct materials	$ 31	Overhead	$ 85,000
Direct labor	56	General and administrative	65,000
Overhead	36
General and administrative	66

Using the total cost method what price should Pinkin charge?