Laser Cast Inc, manufactures color laser printers. Model 320 presently sails for $600 and has a product cost of $400, as follow Direct materials $350 Direct labor 90 Factory overhead 40 Total $480 It is estimated that the competitive selling price for color laser printers of this type will drop to $570 year Laser Cast has established a target cost to maintain itatorical marke percentage dua 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 laber by 9 minutes per unit 2. Add an inspection step that will add six minutes per unit of direct labor but reduce the materiale cost by $12 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 laber and 45% of the factory overhead risted a ming to molding machines. The direct labor rate is $35 per hour . Determine the target cout for Model 120. assuming that the historical markus on product cast and waitro price are maintained. Howed your ab eoma sace per unit b. Determine the required cost reduction Entar as positive numbes Round your final to the decimal plecat perut c. Buate the three engineering movements together to determine the red cout reduction can be achies Entertainen. Deretter sit round your first two decimal places 2. Direct laber reduction 2. Altioral inspection Det perunt 2. Injection molding productivity improvement Total savings PPT