Question: Exercise 10-12 (Algo) Pricing using variable costs LO P6 Rios Company makes drones and uses the variable cost method in setting product price. Its costs

Exercise 10-12 (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 31,000 units follow. The company targets a profit of $311,000 on this product. 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

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