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Accounting

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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 23 $ 111/ea
Video monitors 34 $ 23/ea
Motion detectors 22 $ 15/ea
Floodlights 31 $ 9/ea
Alarms 46 $ 12/ea
Wiring 640 feet 1,040 feet $ 0.4/feet
Installation 10 hour 20 hour $ 13/hour
The ICU 100 sells for $870 installed, and the ICU 900 sells for $1,580 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 $810 and on the ICU 900 to $1,450 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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