Question: Exercise 25-12 Product pricing using variable costs LO P6 Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs

Exercise 25-12 Product pricing using variable costs LO P6 Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 23,000 units follow. The company targets a profit of $303,000 on this product. Variable Costs per Unit F ixed Costs (in total) Direct materials $ 73 Overhead $673,000 Direct labor 43 Selling 308,000 Overhead 28 Admitistrative 288,000 Selling 18 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 %

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