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 of $300,000 on this product Fixed Costs $70 Overhead Direct materials Direct labor Overhead Selling $678,800 305,000 285,000 40 Selling 5 Administrative 15 1. Compute the variable cost per unit 2. Compute the markup percentage on variable cost 3. Compute the product's seling price using the variable cost method. 1 Variable cost per uni 2 Markup percentage 3 Seling price