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M Company manufactures a cat food product called Special Export. M Company currently has 10,000...

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Accounting

M Company manufactures a cat food product called Special Export. M Company currently has 10,000 bags of Special Export on hand. The variable production costs per bag are $1.80 and total fixed costs are $10,000. The cat food can be sold as it is for $9.00 per bag or be processed further into Prime Cat Food and Feline Surprise at an additional $2,000 cost. The additional processing will yield 10,000 bags ofPrime Cat Food and 3,000 bags of Feline Surprise, which can be sold for $8 and $6 per bag, respectively. Feline Surprise, which can be sold for $8 and $6 per bag, respectively.Question: If Special Export is processed further into Prime Cat Food and Feline Surprise, the total gross profit would be: $68,000. $78,000. $96,000 $98,000

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