Lakeside Incorporated produces a product that currently sells for $$64$ per unit. Current production costs per unit include direct materials, $$17$; direct labor, $$19$; variable overhead, $$12$; and fixed overhead, $$12.$ 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 $$70$ per unit? Note: Do not round your intermediate calculations. Round your final answer to $2$ decimal places. Loss amounts should be indicated with a minus sign.

b$.$ Should it be processed further?

a$.$ Incremental Profit $($Loss$)$

b$.$ Should it be processed further?