Jaybird Company operates in a highly competitive market where the market price for its product is $120 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 Direct materials Direct labor Overhead General and administrative Fixed Costs (total) $ 19 Overhead 20 General and administrative 18 24 $ 45,000 18,000 To achieve the target cost per unit, Jaybird must reduce total expenses by how much? Multiple Choice $49,500 $38,500 $58,000 $55,000 $48,000