Mini-Exercise 16-1 (Algo) Sell or process further? LO 16-2, 16-3 Lakeside incorporated produces a product that currently sells for $58 per unit. Current production costs per unit include direct materials, \$15.5; direct labor, \$17.5; variable overhead, \$10.5; and fixed overhead, \$10.5. Product engineefing has determined that certain production changes could refine the product quality and functionality. These new production changes would increase materia! 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 $63 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