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Required information (The following information applies to the questions displayed below.] UR Safe Systems installs...

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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 Floodlights ICU 100 2 1 1 ICU 900 3 3 4 Cost Data $ 119/ea $ 35/ea $ 19/ea $ 5/ea $ 16/ea $ 0.3/feet $ 12/hour Alarms Wiring 5 740 feet 12 hour 3 1,140 feet 30 hour Installation The ICU 100 sells for $950 installed, and the ICU 900 sells for $1,660 installed. 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 $890 and on the ICU 900 to $1,530 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 duct to maintain the current gross profit margin percentag (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.) ICU 100 ICU 900 1 % % 2. Current profit margin Profit margin Target cost % %

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