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Please provide the final solutions of the parts. I don't need the steps. I have this final attempt. please be very careful for me Laser

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Please provide the final solutions of the parts. I don't need the steps. I have this final attempt. please be very careful for me

image text in transcribed

Laser Impressions Inc. manufactures color laser printers. Model 320 presently sells for $700 and has a product cost of $560, as follows: 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 will 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 materials cost by $14 per unit. molding machines. The direct labor rate is $46 per hour. per unit b. Determine the required cost reduction. Round your final answer to two decimal places. per unit 1 more Cheok My Work uses remaining Target Costing Laser Impressions Inc. manufactures color laser printers. Model J20 presently sells for $700 and has a product cost of $560, as follows: is estimated that the competitive selling price for color laser printers of this type will drop to $670 next year. Laser Impressions has established 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 will 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 materials cost by $14 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 labor and 40% of the factory overhead are related to running injection molding machines. The direct labor rate is $46 per hour. a. Determine the target cost for Model J20, assuming that the historical markup on product cost and selling price are maintained. Round your final answer to two decimal places. per unit b. Determine the required cost reduction. Round your final answer to two decimal places. per unit c. Evaluate the three engineering improvements together to determine if the required cost reduction (drift) can be achieved. Do not round interim calculations but round your final answers to two decimal blaces. Feedback rheck My Work a. Divide the selling price minus the total product cost by the selling price. Next, multiply this profit percentage by the revised selling price. The revised selling price minus the markup equals the target product cost. b. Subtract the target product cost from the total product cost

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