Rios Company makes drones and uses the variable cost method in setting product price. Its costs for producing $20,000$ units follow. The company targets a profit of $$300,000$ on this product.Variable Costs per UnitDirect materials$$70$Direct labor$40$Overhead$25$Selling$,$ general and administrative$15$Fixed Costs $($total$)$Overhead$$670,000$Selling$,$ general and administrative$$590,000$Units produced$20,000$Targeted profit$$300,000$Required:$1.$ Compute the total variable cost and the markup percentage$\mathrm{.}2.$ Compute the dollar markup per unit on variable cost$\mathrm{.}3.$ Compute the selling price per unit$\mathrm{.}1.$ Total variable costs$1.$ Markup percentage$2.$ Markup per unit$3.$ Selling price per unit