Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 39,000 units follow. The company targets a profit of $319,000 on this product.

Variable Costs per Unit				Fixed Costs (in total)
Direct materials	$	89		Overhead	$	689,000
Direct labor		59		Selling		324,000
Overhead		44		Administrative		304,000
Selling		34

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 products selling price using the variable cost method. (Round your intermediate percentage calculations and final answer to 2 decimal places.)