Nova Scotia Lumber has a Raw Lumber Division and a Finished Lumber Division. The variable costs are: Raw Lumber Division: $90 per 100 board feet of raw lumber Finished Lumber Division: $130 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 $165 per 100 board feet. Finished lumber can be sold at $230 per 100 board feet. Required Requirement 1. Should Nova Scotia 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.) = Gain/(Loss) on further processing Required 1. Should Nova Scotia Lumber process raw lumber into its finished form? Show your calculations. 2. Assume that internal transfers are made at 125% of variable cost. Will each division maximize its division operating-income contribution by adopting the action that is in the best interests of Nova Scotia Lumber as a whole? Explain. 3. Assume that internal transfers are made at market prices. Will each division maximize its division operating-income contribution by adopting the action that is in the best interests of Nova Scotia Lumber as a whole? Explain. - X