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Rios Company makes drones and uses the variable cost method in setting product price. Its...

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Accounting

Rios Company makes drones and uses the variable cost method in setting product price. Its costs for producing 38,000 units follow. The company targets a profit of $318,000 on this product.
Variable Costs per Unit
Direct materials $ 88
Direct labor 58
Overhead 43
Selling, general and administrative 33
Fixed Costs (total)
Overhead $ 688,000
Selling, general and administrative 626,000
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.

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