Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 41,000 units follow. The company targets a profit of $321,000 on this product. Variable Costs per Fixed Costs Unit Direct materials Direct labor 61 Selling Overhead Selling $91 overhead $691,000 326,000 46 Administrative 306,000 36 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. 1. Variable cost per $ 234 unit 2. Markup percentage 3. Selling price 0