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Required information Skip to question [ The following information applies to the questions displayed below. ] UR Safe Systems installs home security systems. Two of

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UR Safe Systems installs home security systems. Two of its systems, the ICU 100 and the ICU 900, have these characteristics:
Design Specifications ICU 100 ICU 900 Cost Data
Video cameras 14 $ 112/ea
Video monitors 23 $ 24/ea
Motion detectors 31 $ 16/ea
Floodlights 42 $ 8/ea
Alarms 56 $ 13/ea
Wiring 630 feet 1,030 feet $ 0.3/feet
Installation 11 hour 11 hour $ 12/hour
The ICU 100 sells for $880 installed, and the ICU 900 sells for $1,590 installed.
Required:
1. What are the current gross profit margin percentages on both systems?
2. UR Safes management believes that it must drop the price on the ICU 100 to $820 and on the ICU 900 to $1,460 to remain competitive in the market. Recalculate gross profit margin percentages for both products at these price levels and then compute the target cost needed for each product to maintain the current gross profit margin percentages.
(For all requirements, round your percentage answers to 2 decimal places (i.e..1234=12.34%) and other answers to the nearest whole dollar amount.)Required information
[The following information applies to the questions displayed below.]
UR Safe Systems installs home security systems. Two of its systems, the ICU 100 and the
ICU 900, have these characteristics:
The ICU 100 sells for $880 installed, and the ICU 900 sells for $1,590 installed.
Required:
What are the current gross profit margin percentages on both systems?
UR Safe's management believes that it must drop the price on the ICU 100 to $820 and on the ICU 900
to $1,460 to remain competitive in the market. Recalculate gross profit margin percentages for both
products at these price levels and then compute the target cost needed for each product to maintain the
current gross profit margin percentages.
(For all requirements, round your percentage answers to 2 decimal places (i.e.1234=12.34%) and other
answers to the nearest whole dollar amount.)
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