Rios Co makes drones and uses the variable cost approach in setting product prices. Its costs for producing 20,000 units follow. The company targets a profit or $300,000 on this product Varble Costs per Fixed costs in total) Direct materials $70 Overhead 5670,000 Direct labor 40 Selling 305.000 Overhead Administrative 285,000 Selling 15 25 1. Compute the variable cost per unit 2. Compute the markup percentage on variable cost 3. Compute the product's selling price using the variable cost method Variable cost per colt 2. Markup percentage 3. Selling price %