http://www.wilton.com/decorating/fondant/fondant-coverage-chart.cfm
36oz for 10x4in
48oz for 12x4in
24ox for 8x4in
180oz for the 5 tiers, so if I'm doing my math right you need about 11.25lbs. There is usually excess when covering cakes, atleast when I have done it. I'd start with the larger cakes, that way if you have to stretch it a little or roll it thinner you can do that on the smaller cake.
cant answer your question, but would like to know how much for tier of cake also. But I did find this site and ordered fondant on sunday and got it today, they have the best prices and shipping I have seen.
the cake shop were I live charges 95 for 20lbs this place charges 49.89 and right now they have 10% off
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