Check my work Exercise 23-12 (Algo) Pricing using variable costs LO P6 Rios Company makes drones and uses the variable cost method in setting product price. Its costs for producing 39,000 units follow The company targets a profit of $319,000 on this product Variable Costs per Unit Direct materials Direct labor Overhead Belling, general and administrative Fixed Costs (total) Overhead selling, general and administrative $689,000 $28,000 1. Compute the total variable cost and the markup percentage. 2. Compute the dollar markup per unit on variable cost. 3. Compute the selling price per unit (For all requirements, round your final answers to the nearest whole number.) 1. Total variable costs $ 220 1. Markup percentage 63% 2. Markup per unit $ 62 3. Selling price per unit $ 228 Exercise 23-12 (Algo) Pricing using variable costs LO P6 Rios Company makes drones and uses the variable cost method in setting product price. Its costs for producing 39,000 units follow. The company targets a profit of $319,000 on this product. Variable Costs per Unit Direct materials Direct labor Overhead Selling, general and administrative $ 89 59 44 34 Fixed Costs (total) Overhead $ 689,000 Selling, general and administrative 628,000 1. Compute the total variable cost and the markup percentage. 2. Compute the dollar markup per unit on variable cost. 3. Compute the selling price per unit. (For all requirements, round your final answers to the nearest whole number.) 1. Total variable costs $ 226 1. Markup percentage 63 % 2. Markup per unit $ 52 3. Selling price per unit $ 228