Gross Revenue | |||
Milk Sales: | 267,857 | =15*20000*100/112 | 1cwt=112 lbs |
Other revenue | 30,000 | =300*100 | |
USDA, Custom Work | 15,000 | ||
312,857 | |||
Variable Cost | |||
Silage | 8,000 | =40*200 | |
Hay | 18,000 | =150*120 | |
Dairy | 150,000 | =1500*100 | |
176,000 | |||
Fixed Cost | |||
Property Tax & Insurance | 5,000 | ||
Depreciation | 12,000 | ||
Interest | 18,000 | ||
Wages | 60,000 | ||
95,000 | |||
Net Farm income | 41,857 | ||
Operator Labour | 30,000 | ||
Return on Equity | 15,000 | ||
Profit and return to management | (3,143) | ||
Whole Farm Budget Construct a Whole Farm Budget for Milky Way farm. Note: All com silage...
You want to develop an enterprise budget to farm wheat for 6 years to see if it is profitable. A. MACHINERY NEEDED Machine Cost 1. Tractor Annual Insurance $150 $45 2. Chisel Salvage Value $50,000 $6,000 $7,500 $5,700 $3,800 $150,000 $17,600 $18,800 $19,800 $19,700 Annual Taxes $65 $20 S20 $20 $95 3. Disk 4. Grain drill 5. Pickup $45 $55 $620 B. MACHINERY CALCULATIONS - average annual ownership costs Depreciation Interest (8%) Taxes Insurance Tractor Chisel Disk Grain drill Pickup...
CORN CONVENTIONAL TILLAGE NORTH ALABAMA PRICE OR TOTAL PER QUANTITY COST/UNIT ACRE A. REVENUE B. OPERATING EXPENSES ACRE 150.00 6.00 900.00 Seed Treatment Tech Fee ACRE ACRE 28.00 0.00 1.00 2.50 70.00 0.00 0.00 0.00 0.00 120.00 60.00 60.00 1.00 0.33 1.00 1.00 1.00 1.00 0.57 68.40 0.49 29.40 0.49 29.40 8.00 8.00 33.26 10.98 20.00 20.00 7.00 7.00 0.00 0.00 0.00 0.00 UNITS UNITS ACRE TONS ACRE ACRE 1 ACRE ACRE Lime (Prorated) Fungicides Nematicide 5.00 0.00 12.00 0.00...
Crop Acres 122 REVENUE Cotton Lint Cottonseed Total Revenue Quantity 1.250.00 0.89 Units Pound Ton S/Unit $0.63 $165.00 Total $787.50 $146.44 393394 Quantity Units S/Unit Total 1250 39.0625 Pound CWT Acre Acre $0.08 $2.90 $4.75 $9.00 $100.00 $113 28 $4.75 $9.00 1 50 125 Pound Pound $0.64 $0.38 $32.00 $47.50 10. IMMIT 1 1 1 0.2 Acre Acre Acre Acre $9.50 $4.50 $25.00 $15.00 $9.50 $4.50 $25.00 $3.00 1 25 Acre Bale $12.00 $0.00 $12.00 $0.00 1 Acre $40.00 $40.00...
Budgeted Income Statement and Supporting Budgets The budget director of Jupiter Helmets Inc., with the assistance of the controller, treasurer, production manager, and sales manager, has gathered the following data for use in developing the budgeted income statement for May: a. Estimated sales for May: Bicycle helmet 9,250 units at $24 per unit Motorcycle helmet 6,250 units at $180 per unit b. Estimated inventories at May 1: Direct materials: Finished products: Plastic 1,480 lbs. Bicycle helmet 200 units at $15...
Problem 9-42 Preparation of Master Budget (LO 9-3, 9-4, 9-5) Fresh Pak Corporation manufactures two types of cardboard boxes used in shipping canned food and vegetables. The canned food box (type C) and the perishable food box (type P) have the follow material and labor requirements. Type of Box 1. Total sales revenue: $1,100,000 3. Cost of purchases (paper- board): $97,000 5. Total overhead: $148,500 7. Predetermined overhead rate: $40 per hour Direct material required per 100 boxes: Paperboard (5.20...
Budgeted Income Statement and Supporting Budgets The budget director of Jupiter Helmets Inc., with the assistance of the controller, treasurer, production manager and sales manager, has gathered the following data for use in developing the budgeted income statement for May a. Estimated sales for May: Bicycle helmet 7,500 units at $24 per unit Motorcycle helmet 7,000 units at $185 per unit b. Estimated Inventories at May 1: Direct materials: Plastic Foam lining 1,480 lbs. 520 lbs. Finished products: Bicycle helmet...
INTRODUCTION Jaden McCoy operated a dairy goat farm in Soddy-Daisy, Tennessee, and was considering expanding the rental of his goats for land clearing. In early 2011, McCoy successfully bid on a job to clear a section of property at a nearby resort. McCoy's goats performed as expected and he eamed a small profit in the process. The resort manager was quite happy because the difficult-to-reach areas of the property were cleared on time and on budget at a cost well...
Solid Box Fabrications manufactures boxes for workstations. The firm’s standard cost sheet prior to October of the current year and actual results for October are as follows: Required information {The following information applies to the questions displayed below.] Solid Box Fabrications manufactures boxes for workstations. The firm's standard cost sheet prior to October of the current year and actual results for October are as follows: Budget Information Standard Price and Variable Fixed Costs per Unit Costs Actual Results October 9,500...
Analyze the case the answer the questions: introduction of the case assess the financial reporting landscape considering the user needs, constraints, and business environment, identify the issues, analyze the issues (qualitatively and quantitatively), and provide a recommendation and conclusion. Original content only no copy-paste, please INTRODUCTION Jaden McCoy operated a dairy goat farm in Soddy-Daisy, Tennessee, and was considering expanding the rental of his goats for land clearing. In early 2011, McCoy successfully bid on a job to clear a...
I need Summary of this Paper i dont need long summary i need What methodology they used , what is the purpose of this paper and some conclusions and contributes of this paper. I need this for my Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS PLEASE !!!) Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...