Jaybird Company operates in a highly competitive market where the market price for its product is $M5 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 $ 24 Overhead 5 45,3a0 Direct labor 25 General and administrative 18, 300 Overhead 23 General and administrative 29 To achieve the target cost per unit, Jaybird must reduce total expenses by how much? Mueriple Choice $62.000 E-1000 $70.500 S07B00 560 500