Please answer it within a hour please, please help

BBMC2013 PERFORMANCE MANAGEMENT Question 2 AT manufactures products which have a short lifecycle due to technological obsolescence. It aims to keep each product in production for at least 18 months so that it can recover the high cost of product development and make an acceptable profit before the product becomes obsolete. It is the company's policy to develop and market new product with a minimum profit margin of 30% over the product life cycle. The following information relates product LC which is one of the new product the company is planning to develop: Cost details: (1) The commercial life of product LC is expected 18 months. (2) The demand over the 18 months is estimated to be 300,000 units. (3) Material cost RM30 per unit for the first 100,000 units and subsequent units at RM25 per unit. (4) Labour hours required: First 80,000 units required 1.50 hours per unit The following 60,000 units required 1.00 hours per unit Remaining units required 0.60 hours per unit The Company is expected to pay RM5.00 per labour hour. (5) Each unit will use 3 machine hours at an average cost (including overheads) of RM6 per hour. (6) Packaging and delivery will cost RM3 per unit. (7) Design and development costs of the product are expected to be RM1million. (8) The selling price per unit is RM80. Required: (a) Calculate the total lifecycle cost per unit of product LC. (9 marks) (b) Calculate the profit margin of product LC, the target cost per unit in order to achieve the profit margin of 30% and the cost gap if any. (2 marks) (c) Briefly discuss any Three (3) ways to closed the cost gap as per answer in (b) above (9 marks) [Total: 20 marks