8. Underground Food Store has 4,000 pounds of raw beef nearing its expiration date. Each pound has a cost of $4.50. The beef could be sold “as is” for $3.00 per pound to the dog food processing plant, or roasted and sold in the deli. The cost of roasting the beef will be $2.80 per pound, and each pound could be sold for $6.50. PLEASE NOTE: Costs per unit are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56). 1. What is the incremental sales price per pound? per pound. 2. What is the incremental cost per pound? per pound. 3. Should Underground Food Store sell or process further? . Please note: Your answer is either "Sell" or "Process Further" - capital first letters and no quotes.
8. Underground Food Store has 4,000 pounds of raw beef nearing its expiration date. Each pound has a cost of $4.50. The beef could be sold “as is” for $3.00 per pound to the dog food processing plant, or roasted and sold in the deli. The cost of roasting the beef will be $2.80 per pound, and each pound could be sold for $6.50. PLEASE NOTE: Costs per unit are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56).
1. What is the incremental sales price per pound? per pound.
2. What is the incremental cost per pound? per pound.
3. Should Underground Food Store sell or process further? . Please note: Your answer is either "Sell" or "Process Further" - capital first letters and no quotes.
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