Laser tmpressions Inc, manufactures color laser printers, Moded 320 presently seiss for $150 and has a product cost of $120, as follows: 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 serews. This will reduce the amount of direct latior by 9 minutes ser unit. 2. Add an inspection step that will add six minutes per unit of direct labor but reduce the materials cost by 53 per init. 3. Decrease the cycle time of the infection molding machine from four minutes to three minutes per part. Thirty percent of the difect labor and as\% of the factery overitead are related to running infection molding machines. The direct tabor rate is 18 per hour. a. Determine the tarpet cost for Model 320, assuming that the historical markup on prodsct coot and selling price are maintained. fouind vour final antwer to twe decimal placas. ver tenlt b. Determine the required cost reduction. Enter as a positive number, flound your final answer to the decimal blaces. per unit c. Evaluste the three engineering improvements together to determine if the required cost reduction (drift) can be achieved. Enter all amounts as sositive muinters. Do nut tound interim calculations but round voor final answers to two decimal places. 1. Direct labor reduction a. Determine the target cost for Model J20, assuming that the historical markup on product cost and selling price are maintained. Round ysur final answer to two decimal places 2 per unit b. Determine the repulired cost reduction. Enter as a positive number, Round your final answer to two decimal places. 2 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 numbers. Do not roun Interim calculations but round your final answers to two decimal places