Rios Co makes drones and uses the variable cost approach in setting product prices. Its costs for producing 27000 units follow. The company targets a profit of $307,000 on this product Variable costs per Unit Direct materials $ 77 Direct labor 47 Overhead 32 Selling 22 Fixed Costs (in total Overhead $677,000 Selling 312,000 Administrative 292,000 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.) 1 2 3 Variable cont per unit Markup percentage Selling price %