Please do not give solution in image format thanku Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 27,000 units follow. Thecompany targets a profit of $307,000 on this product.Variable Costs per UnitDirect materialsDirect laborOverheadSelling$774732221. Variable cost per unit2 Markup percentage3.Selling priceFixed Costs (in total)OverheadSellingAdministrative1. 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.)$677,000312,000292,000%

The variable costs are the cost that changes with change in the production level. The fixed costs…

Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 27,000 units follow. The company targets a profit of $307,000 on this product. Variable Costs per Unit Direct materials Direct labor Overhead Selling $77 47 1. Variable cost per unit 2. Markup percentage 3. Selling price 32 22 Fixed Costs (in total) Overhead Selling Administrative 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.) $677,000 312,000 292,000 %

Rios Co. makes drones and uses the variable cost approach in setting product prices. Its costs for producing 27,000 units follow. The company targets a profit of $307,000 on this product. Variable Costs per Unit Direct materials Direct labor Overhead Selling $77 47 1. Variable cost per unit 2. Markup percentage 3. Selling price 32 22 Fixed Costs (in total) Overhead Selling Administrative 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.) $677,000 312,000 292,000 %

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 5EA: Rose Company has a relevant range of production between 10,000 and 25.000 units. The following cost...

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Rose Company has a relevant range of production between 10,000 and 25.000 units. The following cost data represents average cost per unit for 15,000 units of production. Using the cost data from Rose Company, answer the following questions: If 10,000 units are produced, what is the variable cost per unit? If 18,000 units are produced, what is the variable cost per unit? If 21,000 units are produced, what are the total variable costs? If 11,000 units are produced, what are the total variable costs? If 19,000 units are produced, what are the total manufacturing overhead costs incurred? If 23,000 units are produced, what are the total manufacturing overhead costs incurred? If 19,000 units are produced, what are the per unit manufacturing overhead costs incurred? If 25,000 units are produced, what are the per unit manufacturing overhead costs incurred?
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