Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 32,000 units follow. The company targets a profit of $312,000 on this product. Variable Costa per Unit Fixed Costs Direct materials $ 82 Overhead $682,000 Direct labor 52 Selling 317,000 Overhead 37 Administrative 297.000 Selling 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. Variable cost per unit Markup percentage Selling price