Vision Chemical has spent $238,000 to refine 73,000 gallons Requirements of acetone, which can be sold for $2.50 a gallon. Alternatively, 1. Identify the sunk cost. Is the sunk cost relevant to Vision's Vision Chemical can process the acetone further. This decision? Why or why not? processing will yield a total of 65,000 gallons of lacquer 2. Should Vision sell the acetone as is or process it into thinner that can be sold for $3.40 a gallon. The additional lacquer thinner? Show the expected net revenue processing will cost $0.40 per gallon of lacquer thinner. To sell the lacquer thinner, Vision Chemical must pay shipping of difference between the two alternatives. $0.18 a gallon and administrative expenses of $0.11 a gallon on the thinner The that is Requirement 1. Identify the sunk cost. Is the sunk cost relevant to Vision's decision? Why or why not? is a sunk cost differ between alternatives of selling as is or processing further. Consequently, this sunk cost of to the sell or process further decision Requirement 2. Should Vision sell the acetone as is or process it into lacquer thinner? Show the expected net revenue difference between the two alternatives. (Enter a "O" for any zero amounts. Use a minus sign or parentheses in the Difference column if the Sell As is amount exceeds the Process Further amount.) Sell Process As is Further Difference Less: Net benefit to operating income per batch Decision: Sell acetone as is. Process further into lacquer thinner. Choose from any list or enter any number in the input fields and then continue to the next