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Instead of being sold as is, the T-bone steaks could be further processed into filet...

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Accounting

Instead of being sold as is, the T-bone steaks could be further processed into filet mignon and
Wholesale selling price of 1 pound T-bone steak $8.75
Joint costs incurred up to the split-off point where T-bone steaks can be identified as a separate product or processed a further $6.50. New York strip steaks. Cutting one side of a T-bone steak provides the filet mignon, and cutting
the other provides the New York strip cut. One 16-oz T-bone steak cut this way will yield (1)6-oz filet mignon and (1)9-oz New York cut. Processing the T-bone steaks into these
cuts costs $.75 per ounce. The filet mignon can be sold for $9.50 per steak, and the New York cut can be sold wholesale for $10.75.Construct an incremental analysis regarding selling the T-bone steak or processing it further into a filet mignon and New York cut . Would you recommend that the T-bone steaks be sold as is or processed further into 2 steaks? Explain using an Excel worksheet if Weber Meat Packaging can sell 10016-oz T-bones or 100 filet mignon steaks and 100 New York cut steaks. Which option will yield more profit, and by how much?

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