Pinkin Incorporated needs to determine a price for a new phone model. Pinkin desires a 25% markup on the total cost of t
Posted: Thu May 05, 2022 5:30 am
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 65,000 Direct labor 46 General and administrative. 26 Overhead General and administrative 56 Using the total cost method what price should Pinkin charge?