Lakeside Inc. produces a product that currently sells for $50.40 per unit. Current production costs per unit include de maten $18; direct labor, 520, variable overhead, 59.00, and fixed overhead, 59.00. 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. Required: a. What would be the incremental profit or loss if Lakeside could sell the refined version of its product for $56 per unit? (Round your final answer to 2 decimal places. Loss amounts should be Indicated with a minus sign.) eBook Incremental Prot (Loss) Print References b. Should it be processed further? O Yes O No Next > Pe 1 of 19