Answer is not complete.Rios Co$.$ makes drones and uses the variable cost approach in setting product prices. Its costs for producing $26,000$ units follow. The company targets a profit of $$306,000$ on this product.

Variable Costs per Unit Fixed Costs $($in total$)$

Direct materials $ $76$ Overhead $ $676,000$

Direct labor $46$ Selling $311,000$

Overhead $31$ Administrative $291,000$

Selling $21$

$1.$ Compute the variable cost per unit.

$2.$ Compute the markup percentage on variable cost. $($Round percentage answer to $2$ decimal places.$)$

$3.$ Compute the product$$s selling price using the variable cost method. $($Round your intermediate percentage calculations and final answer to $2$ decimal places.$)$