Cocoalicious processes cocoa beans into cocoa powder at a processing cost of $12,000 per batch. Cocoalicious can sell the cocoa powder as-is, or it can process the cocoa powder further into chocolate syrup or boxed assorted chocolates. Once processed, each batch of cocoa beans would result in the following sales revenue: B (Click the icon to view the sales revenue.) The cost of transforming the cocoa powder into chocolate syrup is $65,000. Likewise, the company would incur $176,000 to transform the cocoa powder into boxed chocolates. The company president has decided to make boxed chocolates owing to its high sales value and to the fact that the $12,000 cost of processing cocoa beans "eats up" most of the cocoa powder profits. Has the president made the right or wrong decision? Explain your answer. Be sure to include the correct financial analysis in your response. Complete the following incremental analysis to compare selling the cocoa powder as is with processing it further. (Leave any unused cells blank.) Sell as Sell as Sell as Boxed Cocoa Chocolate Assorted Data Table Powder Syrup Chocolates Less: $ 15,000 Cocoa powder Chocolate syrup Boxed assorted chocolates $ 95,000 Nel benefit $ 200,000 The president has made the decision for the following reasons: Print Done In addition to the revenues, the additional costs of transforming the cocoa powder into other products needs to be considered. Revenues are the most important factor to consider when a products profitability. The cost of processing the cocoa beans is relevant since it will be incurred no matter which of the three products is sold. The cost of processing the cocoa beans is irrelevant since it will be incurred no matter which of the three products is sold