Question 6 (10 points) Given the following information for the production of a particular item: Direct labor hours Direct labor costs Production material 0.4 hour/unit $20/hour $450 per 100 units Overheads Selling price per unit 10% of the total cost $25 Determine the following: Calculate the percentage of profit considering the given information in the table abowe a) To remain competitive in the market, the company believes that it must reduce the selling price to $22 per unit. What should be the percentage of profit at this price level? b) c) For the competitive selling price of $22 per unit and the profit margin calculated in part a" above, calculate the corresponding target cost and the required percentage of reduction in labor hours. d) For the given information in the table above, how many units should be sold in order to achieve a profit of $30,000