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 Alarms Wiring Installation ICU 100 ICU 900 Cost Data 3 1 $ 116/ea 3 $ 28/ea 5 5 $ 20/ea 1 6 $ 8/ea 2 2 $ 15/ea 710 feet - 15 hour 1,110 feet 27 hour $ 0.1/feet $13/hour The ICU 100 sells for $920 installed, and the ICU 900 sells for $1,630 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 $860 and on the ICU 900 to $1,500 to remain competitive in the market. Recalculate gross profit margin percentages for both products at these pricellevels and then compute the target cost needed for each product to maintain the current gross profit margin percentages.

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 Alarms Wiring Installation ICU 100 ICU 900 Cost Data 3 1 $ 116/ea 3 $ 28/ea 5 5 $ 20/ea 1 6 $ 8/ea 2 2 $ 15/ea 710 feet - 15 hour 1,110 feet 27 hour $ 0.1/feet $13/hour The ICU 100 sells for $920 installed, and the ICU 900 sells for $1,630 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 $860 and on the ICU 900 to $1,500 to remain competitive in the market. Recalculate gross profit margin percentages for both products at these pricellevels and then compute the target cost needed for each product to maintain the current gross profit margin percentages.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Required information [The following information applies to the questions displayed below.] Great Ape Glassworks manufactures glass used for the screens on smartphones. It has two producing departments, P1 and P2, and only one service department, S1. The company is able to track overhead to the various departments but wants to allocate the service department costs to the producing departments. However, the company is not sure which of the multiple allocation bases should be selected. The data it collected appear in the table below. O Department P1 P2 s1 W Potential allocation base Employee headcount Space used (in square feet) Productive capacity (in units) 3-year average percentage of S1 output used a. Using employee headcount as the allocation base. b. Using occupied space as the allocation base. c. Using productive capacity as the allocation base. d. Using the 3-year average use as the allocation base. a. Using employee headcount as the allocation base b. Using occupied space as the…
help please answer in text form with proper working and explanation for each and every part and steps with concept and introduction no ai no copy paste remember answer must be in proper format with all working
help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working