It is estimated that the competitive seiling price for color laser printers of this type will drop to $570 next year. Laser Impressions has estabished a target cost to maintain its historical markup 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 wal reduce the amount of direct labor by 9 minutes per unit: 2. Add an inspection step that will add six minutes per unit of direct labor but reduce the materiais cost by \$12 per unit. 3. Decrease the cycle time of the injection molding machine from four minctes to three minutes per part. Thirty percent of the direct labor and 45 ah of the factory overhead are refated to runing injection moleing machines. The direct labor rate is $38 per hour a. Determine the target cost for Model 320 , assuming that the historical markup on product cost and selling price are maintained. Round your final anser to two oecimal places. per unit b. Determine the required cost reduction. Enter as a positwe number, Round your final answer to two decimal places. per unit c. Evaluate the three engineering improvements together to determine if the required cost ceduction (drift) can be achieved. Enter all amounts as positivi Bdimbers. Do not round interim calculations but round your final answers to two decmal places