Question: Rios Company makes drones and uses the variable cost method in setting product price. Its costs for producing 30,000 units follow. The company targets

Rios Company makes drones and uses the variable cost method in setting product price. Its costs for producing 30,000 units follow. The company targets a profit of $310,000 on this product. Variable Costs per Unit Direct materials Direct labor Overhead Selling, general and administrative $ 80 50 35 25 Fixed Costs (total) Overhead $ 680,000 Selling, general and administrative 610,000 1. Compute the total variable cost and the markup percentage. 2. Compute the dollar markup per unit on variable cost. 3. Compute the selling price per unit. (For all requirements, round your final answers to the nearest whole number.) 1. Total variable costs Markup percentage 2. Markup per unit 3. Selling price per unit %

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