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Farget costing Millennium Printers Inc, manufactures coloc laser princers. Model 61819 presentiy selis for $350 and has a total product cost of $280, as follows: It is estimated that the competive seiling price for color laser printers of this type will drop to $330 next vear. Malennium Printers wants to establish a tarpet cost to maintain its historical markup percentage on product cost. Engineers have provided the following cost reduction ldeas: 1. Purchase a plastic printer cover with snap -on assembly. Tha will reduce the amount of direct labor by nine minutes per unit. 2. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by 57 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 ubor and 45% of the factory overhead is related to runing irfiection molding machines. The direct istor rate is \$21 per hour a. Determine the target cost for Model t-1819 aswiming that the historical markup on product cost is maintained. Round your answer to two decimat places. 1 per unit b. Determine the required cost reduction. Enter as a positive number. Mound your answer to two decimal places. 1 per unis c. Evaluate the three engineering improvements to determine if the required cost reduction (drin) can be achieved. Enter all amounts as positive numbers and round to the nearest cent. 1. Calculate the doliar amount of the tabor reduction. 1 per unit. 2. Calculate the not dollar amount of the additional inspection and direct materials reduction. c. Evaluate the three engineering improvements to determine if the required cost reduction (drift) can be achieved, Enter all amounts as positive round to the nearest cent. 1. Calculate the dollar amount of the labor reduction. per unit 2. Calculate the net dollar amount of the additional inspection and direct materials reduction. s. per unik 3. Calculate the doltar amount of the total injection molding improvement. per unit Total savinen from implementing all three engineering improvements is per unit