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Lakeside Incorporated produces a product that currently sells for $44 per unit. Current production costs...

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Accounting

Lakeside Incorporated produces a product that currently sells for $44 per unit. Current production costs per unit include direct materials, $12; direct labor, $14; variable overhead, $7; and fixed overhead, $7. 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: What would be the incremental profit or loss if Lakeside could sell the refined versi

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