Homework Hel... Readings for W... Blue Ocean Str... Machine hours 9.00 6.00 Inspection time 2.00 1.10 2 Packing time 1.20 Setups 26 0.60 13 Required: 2.5/10 points awarded Scored 1. Calculate the product cost and product margin for each product. 2. A new competitor has entered the market for lens-polishing equipment with a superior product at significantly lower prices, $2,415 for the A-10 model and $1,890 for the A-25 model. To try to compete, BSI has made some radical improvements in the design and manufacturing of its two products. The materials costs and activity usage rates have been decreased significantly, as follows: Direct materials Number of parts Machine hours Inspection time Packing time Setups A-10 A-25 $ 98.65 $ 52.45 130 101 10.0 4.0 2.0 1.00 1.00 13 0.40 13 2-a. Calculate the total product costs with the new activity usage data. 2-b. Can BSI make a positive gross margin with the new costs, assuming that it must meet the price set by the new competitor? 4. What cost management method might be useful to BSI at this time? Complete this question by entering your answers in the tabs below. Required 1 Required 2A Required 2B Required 4 Calculate the product cost and product margin for each product. (Round your answers to 2 decimal places.) A-10 A-25 Product cost $ 1,694.61 $ Product margin $ 2,075.39 ($ 1,843.64 (X) 171.36 (X) Required 1 Required 2A >