Rios Company makes drones and uses the variable cost method in setting product price. Its...
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Rios Company makes drones and uses the variable cost method in setting product price. Its costs for producing 24,000 units follow. The company targets a profit of $304,000 on this product. Variable Coats per Unit Direct materials $ 74 Direct labor 44 Overhead 29 Selling, general and administrative 19 Fixed Costs (total) Overhead $ 674,000 Selling, general and administrative 598,000 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 1. Markup percentage 2. Markup per unit 3. Selling price per unit %
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