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What is the total variable cost and the markup percentage

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Reference no: EM133170038

Question - Rios Company makes drones and uses the variable cost method in setting product price. Its costs for producing 37,000 units follow. The company targets a profit of $317,000 on this product.

Variable Costs per Unit

Direct materials $ 87

Direct labor 57

Overhead 42

Selling, general and administrative 32

Fixed Costs (total)

Overhead $687,000

Selling, general and administrative 624,000

1. What is the total variable cost and the markup percentage?

2. What is the dollar markup per unit on variable cost?

3. What is the selling price per unit?

Reference no: EM133170038

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