Smith Petroleum has spent $205,000 to refine 61,000 gallons of petroleum distillate, which can be sold for $6 10 per gallon Alamatively, Smith can process the dictate further and produce 56.000 gallons of cleaner fluid. The additional processing wit com per gallon To se cleaner fluid, Smith must pay a sales commission of 50. 14 per gun and a hansportation change of 50 10 per galos Read the remen Requirement 1. F in the diagram for Smi of producing 61,000 gem of dillate Revotes hom Cast of Rave processing father Requirements 1. Fin the diagram for Smith's ahematives 2. Identify the sunk cost is the sunk csst relevant to Smith's decision? 3. Should Smith sell the petroleurs distillate or process it into cleaner fuid? Show the expected net revenue difference between the tre aternatives Print Done