Strategic initiatives and CSR

Quicksaw Inc. is a production company that is in the process of testing a strategic initiative aimed at increasing gross profit. The company$$s current sales revenue is $$1,200,000.$ Currently, the company$$s gross profit is $35\%$ of sales, but the company$$s target gross profit percentage is $40\%.$ The company$$s current monthly cost of production is $$780,000.$ Of this cost, $50\%$ is for labor, $30\%$ is for materials, and $20\%$ is for overhead.

The strategic initiative being tested at Quicksaw is a redesign of its production process that splits the process into two sequential procedures. The makeup of the costs of production for Procedure $1$ is currently $50\%$ direct labor, $45\%$ direct materials, and $5\%$ overhead. The makeup of the costs of production for Procedure $2$ is currently $55\%$ direct labor, $25\%$ direct materials, and $20\%$ overhead. Company management estimates that Procedure $1$ costs twice as much as Procedure $2.$

Required:

$1.$ Determine what the cost of labor, materials, and overhead for both Procedures $1$ and $2$ would need to be for the company to meet its target gross profit at the current level of sales.