This is for Intro to Managerial Accounting.
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lucation.com/ex vser -0&launchUrl=https%253A%252F%%252Fnewconnect.mheducation.com%2 estion 1 (Available 7:00PM-7:28. Say Help Save & Exit ! Required information [The following information applies to the questions displayed below.] DIY Protect Inc. is a company that assists customers in the installation of home security systems. See below for the characteristics of two of DIY Protect Inc.'s systems, the ICU 100 and the ICU 900: Design Specifications ICU 100 ICU 900 Cost Data Video cameras 5 $ 115/ca Video monitors $ 27/ea Motion detectors $ 19/ca Floodlights $ 9/ea Alarms 2 $ 14/ea Wiring 600 ft. 1, 000 Et. $0 . 2/Et. Installation 14 hr 14 hr $ 14/hr The ICU 100 sells for $910 installed, and the ICU 900 sells for $1,620 installed. Required: 1. What are the current profit margin percentages on both systems? 2. DIY Protect Inc.'s management believes that it must drop the price on the ICU 100 to $850 and on the ICU 900 to $1,490 to remain competitive in the market. Recalculate profit margin percentages for both products at these price levels and then compute the target cost needed for each product to maintain the current profit margin percentages. (For all requirements. round vour percentage answers to 2 decimal places and other answers to the nearest whole dollar amount.) NextFinal Exam - Question 1 (Available 7:00PM-7:28.. Design Specifications ICU ICU 900 Cost Data Video cameras $ 115/ea Video monitors $ 27/ea Motion detectors 19/ea Floodlights 9 9/ea Alarms $ 14/ea Wiring 600 ft- 1, 000 ft- $0 - 2/ft Installation 14 hr 14 hr $ 14/hr Part 1 of 2 The ICU 100 sells for $910 installed, and the ICU 900 sells for $1,620 installed. 00:23:35 Required: 1. What are the current profit margin percentages on both systems? 2. DIY Protect Inc.'s management believes that it must drop the price on the ICU 100 to $850 and on t competitive in the market. Recalculate profit margin percentages for both products at these price leve cost needed for each product to maintain the current profit margin percentages. (For all requirements, round your percentage answers to 2 decimal places and other answers to th ICU 100 ICU 900 1 . Current profit margin % 2. Profit margin % Target cost Mc w Next > Graw
