6 Prepared from a situation suggested by Professor John W. Hardy Lone Star Mest Packers is a major processor of beef and other meat products. The company has a large amount of t.bone steak on hand, and it is trying to decide whether to see the one as they are in tay cut or to process them further into filet mignon and the New York out if the T-bone steals are sold as initially cut the compariures that a pouna T bone took would yield the following profil delline (12.4 per pound Las font conteneurred to the split-off point where T-bone took can be entitled as a separate product Profit per pound 1.0.75 if the company were to further process the T-bone steaks, then cutting one side of a T-bone steak provides the filet mignon and cutting the other side provides the New York Cut One 16 ounce T-bone steak cut in this way will yield one G-ounce et mignon and one 8-ounce New York cut the remaining ounces are waste it costs $0.11 to farther process one T-bane steak into the flet mignon and New York cuts. The filet mignon can be sold for $4.40 per pound, and the New York cut can be sold for $370 per pound Required: 1. What is the financial advantage (disadvantage of further processing one T-bone steak into filet mignon and New York cutsteks 2. Would d you recommend that the T-bone steaks be sold as initially cut or processed further? Complete this question by entering your answers in thx tabs below. Required 1 Required 2 What is the financial advantage (disadvantage) of further processing one T-bone steak into let mignon and New York cut steaks? (Do not round Intermediate calculations. Round your answers to 2 decimal places) per unit Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Would you recommend that the T-bone steaks be sold as initially cut or processed further? T-bone steaks should be processed further T-bone steaks should be sold as initially cut