Provide solution A Scandinavian wind turbine manufacturer isattempting to understand the profit impact of aprice change on turbines. Currently, a 1.5-megawatt wind turbine has a total price of $1.7million for an electric generator but faces only 1.3million in marginal cost to deliver.What is the initial gross margin?

GrossMargin=(Price−MarginalCost)/Price×100Given:Price = $1.7 millionMarginal Cost = $1.3…

Answered: A Scandinavian wind turbine…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 7EA: Flanders Manufacturing is considering purchasing a new machine that will reduce variable costs per...

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Grove Audio is considering the introduction of a new model of wireless speakers with the following price and cost characteristics. Sales price $ 433.00 per unit Variable costs 193.00 per unit Fixed costs 645,000 per year Assume that the projected number of units sold for the year is 3,900. Consider requirements (b), (c), and (d) independently of each other. Questions: What will the operating profit be? What is the impact on operating profit if the sales price decreases by 20 percent? Increases by 10 percent? What is the impact on operating profit if variable costs per unit decrease by 10 percent? Increase by 20 percent? Suppose that fixed costs for the year are 20 percent lower than projected, and variable costs per unit are 10 percent higher than projected. What impact will these cost changes have on operating profit for the year? Will profit go up? Down? By how much?

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