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Magnolia Manufacturing makes wing components for large aircraft Kevin Chor is the production manager responsible...

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Magnolia Manufacturing makes wing components for large aircraft Kevin Chor is the production manager responsible for manufacturing, and Michelle Michaels is the marketing manager Both managers are paid a flat salary and are eligible for a bonus. The bonus is equal to 1 percent of their base salary for every 10 percent profit that exceeds a target. The maximum bonus is 6 percent of 1 salary Kevin's base salary is $190,000 and Michelle's is $250,000, The target profit for this year is $5 million, Kevin has read about a new manufacturing technique that would increase annual profit by 20 percent . He is unsure whether to employ the new technique this year, wait, or not employ it at all. Using the new technique will not affect the target Required: a. Suppose that profit without using the technique this year will be $5 million. By how much will Kevin's and Michelle's bonus change if Kevin decides to employ the new technique? b. Suppose that profit without using the technique this year will be $75 million. By how much will Kevin's and Michelle's bonus change If Kevin decides to employ the new technique

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