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Elsie's Dairy produces various types of cheese. The following resources are used to make five pounds of cheddar cheese: 4 gallons of milk at $

Elsie's Dairy produces various types of cheese. The following resources are used to make five pounds of cheddar cheese:
4 gallons of milk at $2.50 per gallon
4 cakes of yeast at $0.50 per cake
1/2 hour of labor at $10.00 per hour
1/2 hour of overhead at $6.00 per hour
Based on the information above, what is the cost of producing one pound of cheese?

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