Jaybird Company operates in a highly competitive market where the market price for its product is $58 per unit. Jaybird desires a $18 profit per unit. Jaybird expects to sell 5,800 units. Additional information is as follows: Variable product cost per unit Variable administrative cost per unit Total fixed overhead Total fixed administrative $ 18 13 53,000 26,000 To achieve the target cost per unit, Jaybird must reduce total expenses by how much? $23,242 $2,758 $2,758 $31,800 $32,316 $26,800 Pauley Company needs to determine a markup for a new product. Pauley expects to sell 28,000 units and wants a target profit of $24 per unit. Additional information is as follows: Variable product cost per unit Variable administrative cost per unit Total fixed overhead Total fixed administrative $ 18 13 26,500 39,300 Using the variable cost method, what markup percentage to variable cost should be used? o o o o o Hordel Company needs to determine a markup for a new product. Hordel expects to sell 5,100 units and wants a target profit of $83 per unit. Additional information is as follows: $ 80 22 Variable product cost per unit Variable administrative cost per unit Total fixed overhead Total fixed administrative 43,000 27,890 Using the variable cost method, what markup percentage to variable cost should be used? 71.3% 97.4% 1.7% 8.6% 95.0% A company is considering the purchase of a new machine for $49,000. Management predicts that the machine can produce sales of $16,100 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $7,900 per year including depreciation of $4,100 per year. Income tax expense is $3,280 per year based on a tax rate of 40%. What is the payback period for the new machine? 3.04 years. 6.05 years. 5.43 years. 11.95 years. 20.94 years