Jaybird Company operates in a highly competitive market where the market price for its product is $65 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 $ 8 Overhead $ 45,000 Direct labor 9 General and administrative 18,000 Overhead 7 General and administrative 13 To achieve the target cost per unit, Jaybird must reduce total expenses by how much? Multiple Choise $22,000 $11,000 $30.500 $27.500 $20,500