Newfoundland Lumber has a raw lumber division and a finished lumber division. The variable costs are: - Raw lumber division: $120 per 100 board-feet of raw lumber - Finished lumber division: $160 per 100 board-feet of finished lumber Assume that there is no board-feet loss in processing raw lumber into finished lumber. Raw lumber can be sold at $220 per 100 board-feet. Finished lumber can be sold at $385 per 100 board-feet. Requirement 1. Should Newfoundland Lumber process raw lumber into its finished form? Show your calculations. Begin by selecting the formula you will use to make your decision. Then enter the amounts in the formula. (Use parentheses or a minus sign when entering losses.) \( \left[\begin{tabular}{lll} - ight. \). & \end{tabular}]= Gain/(loss) on further processing Based on above, Newfoundland Lumber process raw lumber into its finished form. Requirement 1. Should Newfoundland Lumber Begin by selecting the formula you will use to ma Incremental costs Incremental revenues Selling price of finished lumber Selling price of raw lumber Total variable costs Will each division maximize its division operating-income contribution by adopting the action that is in the best interest of Newfoundland Lumber as a whole? Explain. The raw lumber division will maximize reported division operating income by which the action preferred by the company as a whole. The finished lumber division will maximize division operating income by , which the action preferred by the company as a whole. Will each division maximize its division operating-income contribution by adopting the action that is in the best interest of Newfoundland Lumber as a whole? Explain. The raw lumber division will maximize reported division operating income by , which the action preferred by the company as a whole. The finished lumber division will maximize division operating income by which the action preferred by the company as a whole