1. Istanbul company uses target price. Refer the following information: With the current cost structure, Istanbul can not achieve it is profit goals. It will have to reduce either the fixed cost or the variable costs. Assuming that fixed costs cannot be reduced, what are the target variable costs per year? Assume all units produced are sold. A. $7,400,000 B. $17,147,000 C. $12,020,000 D. $11,547,000 E. $5,600,000