Should ld the magic department be closed? Explain, showing computations f-B4 Sell or Process Further roduces meat products with brand names such as Healthy Choice, Armour, and Butterball. of the company's plants processes beef cattle into various products. For simplicity ue that there are only three products: steak, hamburger, and hides, and that the average steer costs $700. The three produc ts emerge from a process that costs $100 per steer to run, and output from one eer can be sold for the following net amounts: Steak (100 pounds) Hide (120 pounds) st 400 600 100 $1.100 Hamburger (500 pounds) Total Assume that each of these three products can be sold immediately or processed further in another ConAgra plant. The steak can be the main course in frozen dinners sold under the Healthy Choice label. The vegetables and desserts in the 400 dinners produced from the 100 pounds of steak would cost $110, and production, sales, and other costs for the 400 meals would total $330. Each meal would be sold wholesale for $2.10 The hamburger could be ade into frozen Salisbury steak patties sold under the Armour label. ly additional cost would be a $200 processing cost for the 500 pounds of hamburger. Frozen Salisbury steaks sell wholesale for $1.70 per pound. The hide can be sold before or after tanning. The cost of tanning one hide is $80, and a tanned hide can be sold for $170. 1. Compute the total profit if all three products are sold at the split-off point. 2. Compute the total profit if all three products are processed further before being sold. 3. Which products should be sold at the split-off point? Which should be processed further? Compute the total profit if your plan in number 3 is followed. Should ld the magic department be closed? Explain, showing computations f-B4 Sell or Process Further roduces meat products with brand names such as Healthy Choice, Armour, and Butterball. of the company's plants processes beef cattle into various products. For simplicity ue that there are only three products: steak, hamburger, and hides, and that the average steer costs $700. The three produc ts emerge from a process that costs $100 per steer to run, and output from one eer can be sold for the following net amounts: Steak (100 pounds) Hide (120 pounds) st 400 600 100 $1.100 Hamburger (500 pounds) Total Assume that each of these three products can be sold immediately or processed further in another ConAgra plant. The steak can be the main course in frozen dinners sold under the Healthy Choice label. The vegetables and desserts in the 400 dinners produced from the 100 pounds of steak would cost $110, and production, sales, and other costs for the 400 meals would total $330. Each meal would be sold wholesale for $2.10 The hamburger could be ade into frozen Salisbury steak patties sold under the Armour label. ly additional cost would be a $200 processing cost for the 500 pounds of hamburger. Frozen Salisbury steaks sell wholesale for $1.70 per pound. The hide can be sold before or after tanning. The cost of tanning one hide is $80, and a tanned hide can be sold for $170. 1. Compute the total profit if all three products are sold at the split-off point. 2. Compute the total profit if all three products are processed further before being sold. 3. Which products should be sold at the split-off point? Which should be processed further? Compute the total profit if your plan in number 3 is followed