Mattress Company sells one of its products for $35 each. Sales volume averages 2,400 units per year. Recently, its main competitor reduced the price of its product to $30. Mattress Company expects sales to drop dramatically unless it matches the competitor's price. In addition, the current profit per unit must be maintained. Information about the product (for production of 2,400) is as follows: 
The non-value-added cost per unit is
Definitions:
Lump Amount
A single large sum payment or investment, as opposed to smaller, regular payments or investments.
Retirement
The period in life when one chooses to permanently leave the workforce behind, usually upon reaching a certain age or financial standing.
Compounded Semi-Annually
A method where interest is calculated and added to the principal at six-month intervals, resulting in interest on interest.
Annuity
A series of equal payments at regular intervals.
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