Exercise $23-12($Algo$)$ Pricing using variable costs LO P$6$

Rios Company makes drones and uses the variable cost method in setting product price. Its costs for producing $32,000$ units follow. The company targets a profit of $$312,000$ on this product.

Variable Costs per Unit

Direct materials $ $82$

Direct labor $52$

Overhead $37$

Selling, general and administrative $27$

Fixed Costs $($total$)$

Overhead $ $682,000$

Selling, general and administrative $614,000$

$1.$ 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.$)$