Check Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 22,000 units follow. The company targets a profit of $302,000 on this product Variable Costs per Unit Fixed Costs (in total) Direct materials $ 72 Overhead $672,000 Direct labor 42 Selling 307 , 000 Overhead 27 Administrative 287, 090 Selling 17 1. Compute the variable cost per unit. 2. Compute the markup percentage on variable cost (Round percentage answer to 2 decimal places.) 3. Compute the product's selling price using the variable cost method. (Round your intermediate percentage calculations and final answer to 2 decimal places.) 1. Variable cost per unit 2. Markup percentage % 3 Selling price