Maxim manufactures a cat food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable production costs per bag are $3.40 and total fixed costs are $10,000. The cat food can be sold as it is for $8.75 per bag or be processed further into Premium Green and Green Deluxe at an additional $2,400 cost. The additional processing will yield 10,000 bags of Premium and 3,400 bags of Green Deluxe, which can be sold for $775 and $5.75 per bag, respectively. If Green Health is processed further into Premium Green and Green Deluxe, the total gross profit would be: Multiple Choice $97,050 $60,650 $50,650 Next > 12 of 50 12 of 50 Prev