Panaca Pork Products produces and sells ham, bacon, and sausage. For years, Panaca has sold only one version of its three products. However, Panaca is now considering selling €œpremium€ versions of each of its products. The following information is available:

Before any additional processing costs, the total production cost for the 2,000,000 combined pounds of ham, bacon, and sausage is $1,400,000. Which, if any, of the three products (ham, bacon, and sausage) should Panaca sell as a premiumproduct?

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Selling Price per Pound for Regular Product Selling Price per Pound for Premium Product Additional Processing Number of Pounds Produced 1,000,000 400,000 600,000 Costs Ham Bacon $1.00 $120,000 $1.20 1.10 200,000 Sausage. 1.40