Data table Direct material/unit 53 Direct labor/unit $ 29 Variable overhead 29 Fixed costs (annually) $ 223,300 Estimated production for year one 3,850PowerDry is entering the professional hair dryer market. Research shows that their customers wish to pay $311 or less for each dryer. Cost accountants at the manufacturer have collected the following information: (Click the icon to view the categories.) Read the requirements. Requirement 1. What is the estimated cost per unit for PowerDry? Determine the formula, then compute the estimated cost per unit. (Abbreviation used: oper. = operating.) Estimated = cost per unit = Requirement 2. What is the range of prices that PowerDry could charge to make a profit? To make a profit, PowerDry could charge between and Requirement 3. Assume that PowerDry's target operating income per unit is $169. What is the target cost for the dryer? Determine the formula, then compute the target cost per unit for the dryer. = Target cost per unitRequirement 4. What can the company do to achieve its target cost calculated in requirement 3? Select actions PowerDry may take in order to help achieve its target cost calculated in requirement 3. (Select all that apply. If an input field is not used in the table, leave the input field empty; do not select a label.) Requirement 5. Should the target cost calculated in requirement 3 include all costs (direct, and variable and fixed overhead)? Why or why not? Target costs should include because in the long run a company's prices and revenues must exceed its total costs if it is to remain in business. For managers should only consider costs that vary in the short run