test2-sample-probs

test2-sample-probs - Gross Receipts Wheat Sales bu/acre 50...

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Gross Receipts bu/acre price Wheat Sales 50 @ $3.60 $180.00 Variable Costs Fertilizer 45.00 Chemicals 25.00 Other pre-harvest 35.00 Interest (10% for 6 months on the above) 5.25 110.25 Harvest expenses 25.00 Total Variable Costs 135.25 Returns above Variable Costs $44.75 Fixed Costs 35 Total Costs 170.25 Net Returns $9.75 1 Cost of Production TC/output $3.41 2 Stop production VC/output $2.71 3 break-even yield TC/price 47.29 4 (TC- Subsidy)/yield $2.81 30
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Corn Cotton Corn Cotton Gross Returns 225 400 acres 400 200 Variable Costs Fertilizer 40 90 Chemicals 30 140 Interest 5 10 All Other VC 35 90 dep 20,000 fixed interest 5,000 insurance and tax 2,000 Gross Returns Corn 90,000 Cotton 80,000 170,000 Variable Costs: Fertilizer 34,000 Chemicals 40,000 Interest 4,000 All Other VC 32,000 Total 110,000 Fixed Costs Depreciation 20,000 Fixed Interest 5,000 Ins and Taxes 2,000 Total Fixed Costs 27,000 Total Costs 137,000 Net Income 33,000
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1 acre 1 unit 50 head Corn Cotton CC Stkers Type RHS
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This note was uploaded on 11/15/2011 for the course AGEC 7100 taught by Professor Duffy,p during the Fall '08 term at Auburn University.

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test2-sample-probs - Gross Receipts Wheat Sales bu/acre 50...

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