Please do not give solution in image format thanku 12PrintReferencesVariable Costs per UnitDirect materialsDirect laborOverheadSelling$ 744429191. Variable cost per unit2 Markup percentage3.Selling priceRios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 24,000 units follow. Thecompany targets a profit of $304,000 on this product.MEDEFixed Costs (in total)OverheadSellingAdministrative.%$674,000309,000289,000www#dave & CIE1. 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 finalanswer to 2 decimal places.)ESubmitCheck my work

Variable costs are those costs which changes along with change in activity level. Fixed costs do not…

12 ebook Beforences Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 24,000 units follow company targets a profit of $304,000 on this product. Variable Costs per Unit Direct materials Direct labor Overhead Selling $ 74 44 29 19 1. Variable cost per unit 2. Markup percentage 3. Selling price Fixed Costs (in total) Overhead Selling Administrative Check m $674,000 309,000 289,000 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 fina answer to 2 decimal places.) %

12 ebook Beforences Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 24,000 units follow company targets a profit of $304,000 on this product. Variable Costs per Unit Direct materials Direct labor Overhead Selling $ 74 44 29 19 1. Variable cost per unit 2. Markup percentage 3. Selling price Fixed Costs (in total) Overhead Selling Administrative Check m $674,000 309,000 289,000 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 fina answer to 2 decimal places.) %

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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