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What is your gross profit

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Reference no: EM133138024

Question - a. Your fish processing plant processed 60,000 pounds of fish for Fillet 'o Fish sandwiches during 2021. Your average selling price was $12.00 per pound. The cost to produce the fish burgers was $8.00 per pound. The fixed cost to operate the plant was $200,000 per year.

What is your gross profit?

What is your net income?

b. If there are 4 patties per pound of fish what is your average selling price per patty?

What is your variable cost per patty?

What is you fixed cost per patty?

What is your gross profit per patty?

What is your net profit per patty?

Reference no: EM133138024

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