x Chapter 10 HW (Prepared bom a situation suggested by Professor Johen W.Hardy ) Lone Star Meat Packers is a majo processor ol beef and other meat products. The company has a large amount of T-bone steak on hand, and t is trying to decide whether to sell the T-bone steaks as they are initially cut or to process them further into Slet mignon and the New York cut If the T-bone steaks are sold as initially cut, the company figures that a 1-pound T-bone steak would yield the folowing profit Selling price (52 20 per pound Less joint costs incurred up to the split-off point where T-bone steak can be idensfled as a separate product 52 20 1.30 S0 90 Proft per pound As mentioned above, Instlead of being sold as initially cut the T-bone steaks could be further processed cuting the other side provides the New York cut One 16-ounce T bone steak cut in this way will yield one 6-ounce Bt processing the T-bone steaks into these cuts is 50.19 per pound The flet mignon can be sold for $4 00 per pound, and the New York cut can be sold for $3.50 per pound and one 8-ounce New York cut the ounces are waste The cost of Determine the proft per pound from processing the T-bone steaks into let steaks. (Do not round intermediate cakculations Round your answers to 2 decimal places and New York out Sales from further processing Sales price of one filet mignon Sales price of one New York cu Total revenue from further processing Less sales revenue from one T-bone steak revenue from Type here to search 010 e?? rv 4