Seemore Company manufactures binoculars. The actual costs for 2013 and 2014 were as follows: Beginning in 2014, Seemore implemented a continuous improvement program that required a first-year cost reduction target of a 7 percent reduction of the 2013 base. Seemore's continuous improvement target for indirect variable manufacturing costs in 2014 was: Select one: $14.88 $17.60 $16.00 $14.20