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Java Jolt purchases and roasts high-quality, whole-bean coffees, its hallmark, and sells them, along with other coffee-related products primarily through its company-operated retail stores. Suppose that the quality control manager at Java Jolt discovered a 1,400-pound batch of roasted beans that did not meet the company's quality standards. Company policy would not allow such beans to be sold with the Java Jolt name on them. However, they could be reprocessed, at which time they could be sold by Java Jolt's retail stores, or they could be sold as is on the wholesale coffee bean market. (Click the icon to view the additional information.) Read the requirements Requirement 1. Should Java Jolt sell the beans on the market as is for $4.00 per pound, or should the company reprocess the beans and sell them through its own retail stores? Why? Begin by completing the table below to determine which alternative results in the most net revenue to Java Jolt. (Complete all answer boxes.) Sell as is Process further Total revenue Less Additional processing costs More Info Shipping costs Net revenue Should Java Jolt sell the beans on the market as is for $4.00 per pound, or should the company reprocess the beans and sell them through its own retail stores? Java Jolt should because this alternative results in the Assume that the beans were initially purchased for $1,500, and the total cost of roasting the batch was $2,310, including $210 of variable costs and $2,100 of fixed costs (primarily depreciation on the equipment). The wholesale price at which Java Jolt could sell the beans was $4.00 per pound. Purchasers would pay the shipping costs from the Java Jolt plant to their individual warehouses. If the beans were reprocessed, the processing cost would be $1,680 because the beans would not require as much processing as new beans. All $1,680 would be additional costs, that is, costs that would not be incurred without the reprocessing. The beans would be sold to the retail stores for $5.60 per pound, and Java Jolt would have to pay an average of $0.50 per pound to ship the beans to the stores Requirement 2. Compute the amount of extra profit Java Jolt earns from the alternative you selected in number 1 compared to what it would earn from the other alternative. Java Jolt would earn an additional sin profit from the alternative chosen in requirement 1. Requirement 3. What cost numbers in the problem were irrelevant to your analysis? Explain why they were irrelevant. Relevant items are Print Done Based on the definition of relevant data, the following items are irrelevant to the analysis in requirement 1. (Select all that apply. Leave any unused cells blank.) Irrelevant information Choose from any list or enter any number in the input fields and then continue to the next