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1. Compute the variable cost per unit. 2. Compute the markup percentage on variable cost. (Round percentage answer to 2 decimal places.) 3. Compute the
1. Compute the variable cost per unit.
RiOS Co. makes drones and uses the variable cost approach in selling prices. Its costs for Producing 42000 units follow. The company targets a profit Of $322.000 on this product Variable cost per unit Fixed cost in total Direct materials $92 over head $692.000 Direct labor selling 3277.000 Overhead 47 administrative 307.000 Selling 37 variable cost per unit $238 Markup percentage Selling price 2. Compute the markup percentage on variable cost. (Round percentage answer to 2 decimal places.)
3. Compute the product's selling price using the variable cost method. (Round your intermediate percentage calculations and final answer to 2 decimal places.)
I got the first part but can not figure out the markup percentage or selling price. Please help! Thank you!
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