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 2 ICU 900 4 Cost Data $ 121/ea 1 6 $ 55/ea 2 1 4 5 2 $ 17/ea $ 3/ea 3 760 feet 20 hour 1,140 feet 20 hour $ 18/ea $ 0.2/feet $ 14/hour The ICU 100 sells for $970 installed, and the ICU 900 sells for $1,680 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 $910 and on the ICU 900 to $1,550 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.) 1. Current profit margin 2. Profit margin Target cost ICU 100 ICU 900 % % % %

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 2 ICU 900 4 Cost Data $ 121/ea 1 6 $ 55/ea 2 1 4 5 2 $ 17/ea $ 3/ea 3 760 feet 20 hour 1,140 feet 20 hour $ 18/ea $ 0.2/feet $ 14/hour The ICU 100 sells for $970 installed, and the ICU 900 sells for $1,680 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 $910 and on the ICU 900 to $1,550 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.) 1. Current profit margin 2. Profit margin Target cost ICU 100 ICU 900 % % % %

Pkg Acc Infor Systems MS VISIO CD

10th Edition

ISBN:9781133935940

Author:Ulric J. Gelinas

Publisher:Ulric J. Gelinas

Chapter7: Controlling Information Systems: Introduction To Enterprise Risk Management and Internal Control

Section: Chapter Questions

Problem 4P

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