Buzan Leather Handbag Company(BLHC) produce and sell luxury hand bags. Due to new entrants into the luxury handbags market segment competition became very intense and forced BLHC to reduce the price of Model X, one of its top selling handbag, from RM650 to RM550. With the new price, BLHC expected to sell 2000 units per year Below are current per unit production cost for Model X: RM Material 150 Skill labor 200 Overhead 40 Total RM 390 A. If BLHC pricing strategy is to mark-up 50% from full production cost, calculate the target cost for Model X if the current market price is RM550. (round to the nearest RM). (3 marks) Your answer B. If the market price maintain at RM550, calculate the target cost gap for Model X. Suggest two (2) ways to BLHC to reduce its current production costs to meet its target cost. What to do and how to do it. (3 marks) Your