Problem 20-3A Thompson Industrial Products Inc. (TIPI) is a diversified industrial-cleaner processing company. The company's Dargan plant produces two products: a table cleaner and a floor cleaner from a common set of .500 ounces of table cleaner. The floor cleaner has no ic with the trade name FloorShine The additiona 12 this conuereion 50 300 processing FloorShine sells at $22 per 30-ounce bottle. The table cleaner can be sold for $20 per 25-ounce bottle. However, the table cleaner can be converted into two other products by adding 292,500 ounces 292,500 ounces each of table stain remover (TSR) and table polish (TP). The additional processing costs for this process another amount to $101.000. Both table products can be sold for $15 per 25-ounce bottle. The company decided not to process the table cleaner into TSR and TP based on the following analysis. Process Further Table Stain Table Remover Table Cleaner (TSR) Polish (TP) Total Production in ounces 292,500 292.500 292.500 $234,000 $175,500 $175,500 $351.000 Revenues Costs: CDG costs 70,800 53,100 53,100 106.200 ** TCP costs 50,500 50,500 101,000 Total costs 70,800 103,600 103.600 207,200 $71,900 $163,200 $143,800 Weekly gross profit $71,900 *If table cleaner is not processed further. it is allocated 1/3 of the $212.400 of CDG cost. which is equal to 1/3 of the total physical output. P combined account for 50% of the total physical output and are each allocated 25% of the CDG cost. If table cleaner is processed further, total physical output is 1,170,000 ounces. TSR and Determine if management made the correct decision to not process the table cleaner further by doing the following. (1) Calculate the company's total weekly gross profit assuming the table cleaner not processed further Total weekly gross profit processed further (2) Calculate the company's total weekly gross profit assuming the table cleaner Total weekly gross profit (3) Compare the resulting net incomes and comment on management's decision decision by choosing to not process table cleaner further. Management made the f the table cleaner should be processed further. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. Using incremental analysis, determine Don't Process Process Net Income Tab Eurther Ta Eurther aner ner (Decrease) Incremental revenue Incremental costs Totals Show Work for this question Click if you would like Open Show Work