Help with requirements 4,5 please? Dropdowns added for best assistance.

HydroDry is entering the professional hair dryer market. Research shows that their customers wish to pay $292 or less for each dryer. Cost accountants at the manufacturer have collected the following information: (Click the icon to view the categories.) Read the requirements. Requirement 1. What is the estimated cost per unit for Hydro Dry? Determine the formula, then compute the estimated cost per unit. (Abbreviation used: oper. = operating.) Direct labor cost per unit + Direct material cost per unit + Fixed cost on a per unit basis + Variable overhead Estimated cost per unit 162 34 + 53 + 40 + 35 = Requirement 2. What is the range of prices that HydroDry could charge to make a profit? To make a profit, Hydro Dry could charge between $163 and $292 Requirement 3. Assume that HydroDry's target operating income per unit is $162. What is the target cost for the dryer? Determine the formula, then compute the target cost per unit for the dryer. Target selling price per unit Target operating income per unit = Target cost per unit 292 162 = 130 X 1 Data Table $ 53 Direct material/unit Direct labor/unit Variable overhead $ 34 $ 35 $ 158,000 Fixed costs (annually) Estimated production for year one 3,950 Print Done Requirement 4. What can the company do to achieve its target cost calculated in requirement 3? Select actions HydroDry may take in order to help achieve its target cost calculated in requirement 3. (Select all that apply. If an input field is not used in the table, leave the input field empty; do not select a label.) Requirement 5. Should the target cost calculated in requirement 3 include all costs (direct, and variable and fixed overhead)? Why or why not? Target costs should include because in the long run a company's prices and revenues must exceed its total costs if it is to remain in business. For , managers should only consider costs that vary in the short run. Concentrate on decreasing costs Increase the number of engineering changes made to the hair dryer Increase the selling price per unit Purchase lower quantities of direct materials at higher prices | Review all direct materials and perhaps find alternatives at lower prices Review the allocation bases for both variable and fixed overhead costs to ensure accuracy Reverse engineering should be employed with the objective of reducing costs Select actions Hydro Dry may take in order to help achieve its target cost calculated in requirement 3. (Select all that apply. If an input field is not used in the table, leave the input field empty; do not select a label.) all costs, variable costs as well as costs that are fixed in the long run all costs, variable costs as well as costs that are fixed in the short run fixed costs only Requirement 5. Should the variable costs only d fixed overhead)? Why or why not? Target costs should include 3 because in the long run a company's prices and revenues must exceed its total costs if it is to remain in business. , managers should only consider costs that vary in the short run. For Choose from any list or enter any number in the input fields and then continue to the next question. ? Requirement 4. What can the company do to achieve its target cost calculated in requirement 3? Select actions HydroDry may take in order to help achieve its target cost calculated in requirement 3. (Select all that apply. If an input field is not used in the table, leave the input field empty; do not select a label.) Req Targ long-term decisions and financial planning decisions ude all costs (direct, and variable and fixed overhead)? Why or why not? short-run pricing or one-time-only special-order decisions because in the long run a company's prices and revenues must exceed its total costs if it is to remain in business. , managers should only consider costs that vary in the short run. 7 For