Question 3: (25 marks) Score: A laser printer company introduced a new model to be sold to retailers. The best competitor offers a similar laser printer at $600 per unit. Other related data as follows: Direct labor cost $25.00 per hour Factory overhead 125% of direct labor Production materials 2000 per 10 units Packaging costs 25% of total direct cost A 88% leaming curve applies to the labor required and it will take 8 hours to complete the first unit. The company decides to use the time required to complete the 25 unit as a standard for cost estimation purposes. The profit margin is based on total manufacturing costs. a. Using the information given, determine the maximum profit the company can have to remain competitive. b. If the company desire a profit of 30% suggest two ways in which the target cost can be achieved