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Thompson Industrial Products Inc. (TIPI) is a diversified industrial-cleaner processing company. The companys Dargan plant pTable Cleaner 298,500 $238,800 Process Further Table Stain Remover Table (TSR) Polish (TP) Total 298,500 298,500 $179,100 $17Determine if management made the correct decision to not process the table cleaner further by doing the following. (1) Calcul

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Answer #1

Allocated cost is irrelevant since already incurred

1.Weekly gross profit = 19,900*19 – 248,100 + 238800 - 210900= $157,900

2.If processed further = 19,900*19 – 248,100 + 179,100+179,100 – 210900 - 107000 = $170,300

Made wrong decision

Number of bottles of Floor Shine = 597000/30 = 19,900

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