(Prepared from a situation suggested by Professor John W. Hardy.) Lone Star Meat Packers is a major processor of beef and other meat products. The company has a large amount of T-bone steak on hand and is deciding whether to sell the T-bone steaks as they are initially cut or process them further into filet mignon and the New York cut. D if the T-bone steaks are sold as initially cut, the company figures 3 1-pound Tbone steak yields the following profit: Selling price ($8.85 per pound) is 8.85 Less joint costs incurred up to the splitoff point where T-bone steak can be identified as a separate product 1-45 $ 7.40 \"Profit per pound the T-bone steaks, then one 16-ounce Tvbone steak will yield one 6-ounce let mignon, one 8-ounce New York cut, and two ounces of waste. it costs $0.18 to further process one Tbone steak into the filet mignon and New 5 York cuts. The let mignon can be sold for $13.00 per pound, and the New York cut can be sold for $9.70 per pound. If the company further processes \\k Required: (disadvantage) of further processing one T-bone k cut steaks? teaks be sold as initially cut or processed 1. What is the financial advantage steak into filet mignon and New Yor 2. Would you recommend the Tbone 5 further