Item 19 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 30,000 phones. Additional information is as follows: Variable product cost per unit $ 75 Variable administrative cost per unit 50 Total fixed overhead 85,000 Total fixed administrative 65,000 Using the total cost method what price should Pinkin charge