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Laser Impressions Inc. manufactures color laser printers, Model 320 presently sels for $200 and has a product cost of 5160 , as followil It is estimated that the competitive selling price for color laser printers of this wpe will drop to s190 next year. Laser Imprnsions has established a target cost to maintain its historical markivp percentage on product cost. Engineers have provided the following cost-reduction ideas: 1. Purchase a plastic printer cover with snap-on assembly, rather than with screws. This will reduce the amount of direct labor by 9 minutes per unt. 2. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by 54 per unit. 3. Decrease the cycle time of the injection molding machine from four minutes to three minutes per part. Thirty percent of the direct iabor and a5\%, of the faciory overhead are related to runhing injection molding machines. The direct labor rate is $13 par hour. a. Determine the target cost for Model 120 , assuming that the historical markup on product cost and selling price are maintained. Round your final answer to twa decim places. per unit b. Determine the required cost reduction. Enter as a positive number. Round your final answer to two decimal places. per unit c. Evaluate the three engineering improvements together to determine if the required cost reduction (drift) can be achieved. Enter all amounts as positive Nuimbers. D not round interim calculations but round your final answers to two decimal places. 1. Direct labor reduction per unit 3. Decrease the cycle time of the injection molding machine from four minutes to three minutes per part. Thirty percent of the direct labojland 45% of the factory overhead are related to running injection molding machines. The direct labor rate is $13 per hour, a. Determine the target cost for Model 320 , assuming that the historical markup on product cost and seling price are maintained. Round your final answer to two decimal places. per unit b. Determine the required cost reduction. Enter as a positive number. Round your final answer to two decimal placesi per unit c. Evaluate the three engineering improvements together to determine if the required cost reduction (dift) can be achieved. Enter all amounts as positive numbers. Do not round interim calculations but round your final answers to two decimal places