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Hodge Inc. has material that originally cost $74,600. The material has a scrap value of $57,400 as is, but if reworked at a cost of

Hodge Inc. has material that originally cost $74,600. The material has a scrap value of $57,400 as is, but if reworked at a cost of $1,500, it could be sold for $54,400.

What would be the incremental effect on the firm's overall profit of reworking and selling the material instead of selling it as is for scrap?

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