CALCULATOR PRINTER VERSION BACK roblem 7-3A Part Level Submission) (Video) hompson Industrial Products Inc. (TIPI) is a diversified industrial cleaner processing company. The company's Dargan plant produces two products: a table cleaner and a Voor cleaner from a common set of chemical inputs (CDG). Each week, 886,500 ounces of chemical input are processed at a cost of $209,100 into 591,000 ounces of noor deaner and 295,500 ounces of table cleaner. The floor cleaner has no market value until it is converted into a polish with the trade name FloorShine. The additional processing costs for this conversion amount to $252,100. FloorShine sells at $18 per 30-ounce bottle. The table cleaner can be sold for $19 per 25-ounce bottle. However, the table cleaner can be converted into two other products by adding 295,500 ounces of another compound (TCP) to the 295,500 ounces of table cleaner. This sont process will yield 295,500 ounces each of table stain remover (TSR) and table polish (TP). The additional processing costs for this process amount to $106,000. Both table products can be sold for $15 per 25-ounce bottle The company decided not to process the table cleaner into TSR and TP based on the following analysis, Table Cleaner 295.500 5224,500 Total Process Further Tole Stain Remover Table (TSR) Polish (TP) 295.500 295.500 5177,300 $177,300 $354,600 Production in ounces Revenues costs: CDG COM TCP costs Total costs Weekly gross profit 69,700 52,275 53,000 SOS, 275 572,025 52.275 5.000 105,275 104,550 ** 100.000 210.550 $144,050 69.700 $154,380 t are * If table cleaner is not processed further it is allocated 1/3 of the $209,100 o CDG cost, which is equal to 1/3 the y if table cleaner is processed further to ap cal output is 1.182.000 ounces. TSR and TP combined account for 50% of the total phy 25% of the CD cost the Determine management made the correct to process that can het (1) Calculate the company's total weekly gross prontassuming the table cener is not processed LALULATUR PRINTER VERSION "If table cleaner is not processed further, it is allocated 1/3 of the $209,100 of CDG cost, which is equal to 1/3 of the total physical output **If table cleaner is processed further, total physical output is 1,182,000 ounces. TSR and TP combined account for 50% of the total physical output and 25% of the CDG cost. (a) Determine if management made the correct decision to not process the table cleaner further by doing the following. (1) Calculate the company's total weekly gross profit assuming the table cleaner is not processed further. Total weekly gross profit (2) Calculate the company's total weekly gross profit assuming the table cleaner is processed further. Total weekly gross profits (3) Compare the resulting net incomes and comment on management's decision Management made the decision by choosing to not process table cleaner further. Click if you would like to Show Work for this question: Open Show Work