Question: 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

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 costs per Unit Fixed Coats (in total) Direct materials $ 82 Overhead $662,000 Direct labor 52 Selling 317,000 Overhead 37 Administrative 297,000 Selling 27 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 un 2 Markup percentage 3 Selling price %

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