rivv score : 55.56 % , 3.33 of 6 pts P8-53A (similar to) Question Help * Cole Chemical has spent $243,000 to refine 73,000 gallons of acetone, Requirements which can be sold for $2.10 a gallon. Alternatively, Cole Chemical can ss the acetone further. This processing will yield a total of 59,000 1. Identify the sunk cost. Is the sunk cost relevant to Cole's decision? Why proce f lacquer thinner that can be sold for $3.50 a gallon. The additiona 2. Should Cole sell the acetone as is or process it into lacquer thinner? or why not? processing will cost $0.65 per gallon of lacquer thinner. To sell the lacquer thinner, Cole Chemical must pay shipping of $0.22 a gallon and Show the expected net revenue difference between the two alternatives. administrative expenses of $0.12 a gallon on the thinner. Requirement 1. Identify the sunk cost. Is the sunk cost relevant to Cole's decision? Why or why not? The cost of further processing is a sunk cost that does not differ between alternatives of selling as is or processing further. Consequently, this sunk cost of$ 481810 is irrelevant to the sell or process further decision Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Clear All Check Answer ere to search Ei 7/15/201 PrtScn Home End Pgup PgDn Iins F4 F6 F7 F8 E10 Fn