Check my work 2 2 points Lakeside Inc. produces a product that currently sells for $63.00 per unit. Current production costs per unit include direct materials, $25; direct labor, $27; variable overhead, $12.50; and fixed overhead, $12.50. 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. eBook References Required: a. What would be the incremental profit or loss if Lakeside could sell the refined version of its product for $70 per unit? (Round your final answer to 2 decimal places. Loss amounts should be indicated with a minus sign.) Incremental Profit (Loss) b. Should it be processed further