Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Healthy Foods Inc. sells 60-pound bags of grapes to the military for $15 a bag. The fixed costs of this operation are $70,000, while the

image text in transcribed

Healthy Foods Inc. sells 60-pound bags of grapes to the military for $15 a bag. The fixed costs of this operation are $70,000, while the variable costs of grapes are $0.15 per pound. a. What is the break-even point in bags? (Round your answer 2 decimal places.) Break-even point 11,667.00 bags 2 decimal places required. b. Calculate the profit or loss (EBIT) on 10,000 bags and on 30,000 bags. Bags Profit/Loss Amount 10,000 30,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Entrepreneurial Finance And Accounting For High-Tech Companies

Authors: Frank J Fabozzi

1st Edition

0262336901, 9780262336901

More Books

Students also viewed these Finance questions

Question

2. Explain the benefits and drawbacks of using SWOT analysis.

Answered: 1 week ago