Lakeside Inc. produces a product that currently sells for $66.60 per unit. Current production costs per unit include direct materials, $27. direct labor, $29; variable overhead, $13 50: and fixed overhead, $13.50. Product engineering has determined that certain production changes could refine the product quality and functionality. These new production changes would increase material and labor costs by 20% per unit.

Required a. What would be the incremental profit or loss if Lakeside could sell the refined version of its product for $74 per unit? [Round your final answer to 2 decimal places. Lows amounts should be Indicated with a minus sign)

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i Lakeside Inc produces a product that currently sells for 6660 per un... View the full answer