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Pinkin Inc. 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 46,000 phones. Additional information is as follows: $ 77 Variable product cost per unit Variable administrative cost per unit Total fixed overhead Total fixed administrative 102,000 82.000 Using the total cost method (a.k.a. the "cost-plus pricing approach), what price should Pinkin charge? $174.09 $185.00 $18375 $165.76 $148.09