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August 28, 2015

Homework Help: Finance

Posted by Lori on Tuesday, May 18, 2010 at 10:33am.

Lee-Foods, Inc., sells 55-pound bags of tomatoes for $12 a bag.
The fixed costs of this operation are $79,000, while the variable costs of the tomatoes are $.11 per pound.

Please help,

I have worked this out like this please tell me if this is correct

FC $79,000 = $79,000 = my answer is 6,644?
P-VC 12.00 -$0.11 = 11.89

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