United Snack Company sells 60-pound bags of peanuts to university dormitories for $52 a bag. The fixed costs of this operation are $474,280, while the variable costs of peanuts are $0.31 per pound. a. What is the break-even point in bags? Break-even point bags b. Calculate the profit or loss (EBIT) on 7,000 bags and on 20,000 bags. Bags Profit/Loss 7,000 20,000 Amount