Lakeside Incorporated produces a product that currently sells for $$40$ per unit. Current production costs per unit include direct materials, $$11$; direct labor, $$13$; variable overhead, $$6$; and fixed overhead, $$6.$ 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 $$44$ 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.