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please help me complete the entire problem Target castitig Laser Cast Inc, manisfactures color laser printers. Model 120 presently seila for 1175 and has a
please help me complete the entire problem
Target castitig Laser Cast Inc, manisfactures color laser printers. Model 120 presently seila for 1175 and has a product cost of 5140 , as folions: It is estimated that the competitwe seling price for color laser printers of this type will drop to s170 next year laser Cast has established a tarset cost to maintain its historical Imanvup percentage en product cost. Engineers have provided the following cost-reduction ideas: 3. Purchase o plattic ptinter cover with shap-on astembly, tather than with screns. This nill reduce the amount of direct labor by 9 miliutes per unit. 2. Add an inapection stop that wili add six minutes per unit of drect laber but reduce the materials cost by f per unit. 3. Decresse the cycle time of the injection molding machine from four minutes to three minutes per port. Thirty percent of the diect labor and 42 wit of the foctery ereertiad are related to running injectien molding machines. The direct labor rate is 5:3 per nour. a. Detecmine the target cost for Model 220, assumsig that the historical morkip on product cost and seling price are maintained. Round your final answer to tho decimal piaces. per unit b. Detnrmine the required cost reduction. Enter as a positive number, 1 pound your final answer to two decimal places. perunit c. Evaluole the three engineering improvements tegether to dotermine if the recuired cost reducton (dnif) can oe achieved, Enter al amounts as positive numbers. Do not round interim ealculations but round your final answers to two decimel ploces Step by Step Solution
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