Jaybird Company operates in a highly competitive market where the market price for its product is $115 per unit. Jaybird desires a 30% profit per unit. Jaybird expects to sell 5,000 units. Additional information is as follows: Variable Costs per Unit Fixed Costs (total) Direct materials: $ 18 Overhead $ 45,000 Direct labor 19 General and administrative 18,000 Overhead 17 General and administrative 23 To achieve the target cost per unit, Jaybird must reduce total expenses by how much? Multiple Choice Multiple Choice O $47,000 $36,000 $55,500 $52.500 $45,500