The Pines Company, which manufactures office equipment, is r…

The Pines Company, which manufactures office equipment, is ready to introduce a new line of portable copiers. The following copier data are available: Direct material cost $60 Direct labor cost $50 Manufacturing overhead cost $70 Allocated fixed selling and administrative cost $25 What price will the company charge if the firm uses cost-plus pricing based on total cost and a markup percentage of 35%?