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: Design Specifications Video cameras Video monitors Motion detectors 1. 2. ICU 100 2 2 3 Floodlights 1 Alarms 5 Wiring Installation 650 feet 11 hour 1,050 feet 21 hour The ICU 100 sells for $860 Installed, and the ICU 900 sells for $1,570 Installed. Current profit margin Profit margin Target cost ICU 100 % % Required: 1. What are the current gross profit margin percentages on both systems? 2. UR Safe's management believes that it must drop the price on the ICU 100 to $800 and on the ICU 900 to $1,440 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. ICU 900 4 6 3 (For all requirements, round your percentage answers to 2 decimal places (l.e. .1234 - 12.34%) and other answers to the nearest whole dollar amount.) ICU 900 % Le Le 2 Cost Data $ 109/ea $ 22/ea $ 14/ea $ 8/ea 5 $ 13/ea $ 0.3/feet $ 12/hour

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: Design Specifications Video cameras Video monitors Motion detectors 1. 2. ICU 100 2 2 3 Floodlights 1 Alarms 5 Wiring Installation 650 feet 11 hour 1,050 feet 21 hour The ICU 100 sells for $860 Installed, and the ICU 900 sells for $1,570 Installed. Current profit margin Profit margin Target cost ICU 100 % % Required: 1. What are the current gross profit margin percentages on both systems? 2. UR Safe's management believes that it must drop the price on the ICU 100 to $800 and on the ICU 900 to $1,440 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. ICU 900 4 6 3 (For all requirements, round your percentage answers to 2 decimal places (l.e. .1234 - 12.34%) and other answers to the nearest whole dollar amount.) ICU 900 % Le Le 2 Cost Data $ 109/ea $ 22/ea $ 14/ea $ 8/ea 5 $ 13/ea $ 0.3/feet $ 12/hour

Essentials of Business Analytics (MindTap Course List)

2nd Edition

ISBN:9781305627734

Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson

Chapter12: Integer Linear Optimization_models

Section: Chapter Questions

Problem 9P: Galaxy Cloud Services operates several data centers across the United States containing servers that...

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Trinity product Limited makes and sells three types of electronic security systems for which the following information is available Standard cost and selling price per unitDay Scan Night scanOmni scanGH¢GH¢GH¢Material70110155Manufacturing labour405570Installation labour243244Variable overheads162028Selling price250320460 Fixed cost for the period are GH¢450,000 and installation labour, which is highly skilled is available for 25,000 hours only in a period and is paid GH¢8 per hour. Both manufacturing and installation labour are variable cost. The maximum demand for the period is: Day scan 2,000 units; Night scan 3,000 units; Omni scan 1,800 units.Requiredd) Having carried out an investigation of the availability of installation labour, the firm thinks that by offering GHS 12 per hour, additional installation would become available and thus overcome the labour shortage. Based on the result obtained above, you are required to advice the firm whether or not to implement this proposal.
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