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Lakeside Incorporated produces a product that currently sells for $72 per unit. Current production costs per unit include direct materials, $19; direct labor, $21; variable

Lakeside Incorporated produces a product that currently sells for $72 per unit. Current production costs per unit include direct materials, $19; direct labor, $21; variable overhead, $14; and fixed overhead, $14. 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: What would be the incremental profit or loss if Lakeside could sell the refined ver

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