homework6-spreadsheet

homework6-spreadsheet - 8 $100.45 $8.04 Subtotal $208.94...

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Price or Cost Per Unit Quantity Value or Cost Your Figures 1. GROSS RECEIPTS CORN (bu) $3.25 100 $325.00 2. VARIABLE COSTS Preharvest Seed (thousands) $2.65 20 53.00 Fertilizer (N) (lbs) 0.45 100 45.00 Phosphate 0.25 40 10.00 Potash 0.5 60 30.00 Fertilizer application (acre) 8 1 8.00 Weed Control (acre) 30 1 30.00 Machinery (acre) 8.5 1 8.50 Tractors (acre) 6.4 1 6.40 Labor (acre) 1 10 10.00 Interest on V.C.(for 6 months)
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Unformatted text preview: 8% $100.45 $8.04 Subtotal $208.94 Harvest Costs Custom combine (acre) 20 1 20 Custom haul (acre) 0.18 100 18 Subtotal $38.00 Total Variable Cost $246.94 3. INCOME ABOVE VARIABLE COST $78.06 4. FIXED COSTS Machinery (acre) 8.2 1 8.2 Tractors (acre) 16 1 16 Land (acre) 45 1 45 Total Fixed Costs $69.20 5. TOTAL COSTS $316.14 6. NET RETURNS $8.86...
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