Vision Chemical has spent $245,000 to refine 74,000 gallons of acetone, which can be sold for $2.30 a gallon. Alternatively, Vision Chemical can process the acetone further. This processing will yield a total of 58,000 gallons of lacquer thinner that can be sold for $3.20 a gallon. The additional processing will cost $0.70 per gallon of lacquer thinner. To sell the lacquer thinner, Vision Chemical must pay shipping of $0.24 a gallon and administrative expenses of $0.15 a gallon on the thinner Requirements 1. Identify the sunk cost. Is the sunk cost relevant to Vision's decision? Why or why not? 2. Should Vision sell the acetone as is or process it into lacquer thinner? Show the expected net revenue difference between the two alternatives. is Requirement 1. Identify the sunk cost. Is the sunk cost relevant to Vision's decision? Why or why not? is a sunk cost The that 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 soll the acetone as is or process it into lacquer thinner? Show the expected net revenue difference between the two alternativos. (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 As Is Further Difference Process Less: Net benefit to operating income per batch Decision