Steeze Co. makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 18,500 units follow. The company targets a profit of $555,000 on this product. Variable costs per Unit Direct materials $ 117 Direct labor 42 Overhead 37 Selling 6 Fixed Costs Overhead $ 463,000 Selling 100,000 Administrative 325,000 1. Compute the total cost per unit. 2. Compute the markup percentage on total cost. (Round your final percentage answer to 1 decimal place.) 3. Compute the product's selling price using the total cost method. (Round your intermediate calculations and final answer to the nearest whole dollar amount.) 1. Total cost per unit 2. Markup percentage 3. Selling price % Check my work Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 34,000 units follow. The company targets a profit of $314,000 on this product. Variable Costs per Unit Direct materials $ 84 Direct labor 54 Overhead 39 Selling 29 Fixed Costs (in total) Overhead $684,000 Selling 319,000 Administrative 299,000 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. $ 206 Variable cost per unit Markup percentage Selling price % N 3