What is the total operating cost per acre? O $2.46 $76.81 $79.94 $120.66

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Value
Quantity..
45.00
Price..
Operating Inputs...
Soybean seed
Nitrogen (N).
Phosphate (P205)
Potash (K20).
Pre-emergence Herbicide
Post- emergence Herbicide
Rent fertilizer Spreader
Annual operating capital.... Dollar.
Machinery labor
Mach fuel, lube, repair
Total operating costs
.Units.
Lbs.
$11.25
0.250
..3.75
Lbs..
Lbs.
Lbs..
15.00
40.00
0.250.
4.40
0.110
0.080.
40.00.
1.00
.3.20
14.02
.4.69
Acre
14.020
Acre.
4.690.
1.00
2.35
2.350
0.107.
6.000
1.00
23.34
2.03
Acre
2.49
12.16
Hour
Dollar.
18.50
$76.81
Fixed costs
Machinery:
Interest at 10.675%
Depreciation. taxes, insurance.
Total fixed costs...
...Amount..
$184.00
Value
$19.64
24.21
S 43.85
Production
Soybeans
Total receipts....
Retums above total operating costs.
Retums above all specified costs
Units
Bushel
Price...
$5.90
Quantity.
34.00
Value
$200.60
$200.60
$79.94
What is the total operating cost per acre?
$2.46
$76.81
$79.94
O$120.66
Transcribed Image Text:Value Quantity.. 45.00 Price.. Operating Inputs... Soybean seed Nitrogen (N). Phosphate (P205) Potash (K20). Pre-emergence Herbicide Post- emergence Herbicide Rent fertilizer Spreader Annual operating capital.... Dollar. Machinery labor Mach fuel, lube, repair Total operating costs .Units. Lbs. $11.25 0.250 ..3.75 Lbs.. Lbs. Lbs.. 15.00 40.00 0.250. 4.40 0.110 0.080. 40.00. 1.00 .3.20 14.02 .4.69 Acre 14.020 Acre. 4.690. 1.00 2.35 2.350 0.107. 6.000 1.00 23.34 2.03 Acre 2.49 12.16 Hour Dollar. 18.50 $76.81 Fixed costs Machinery: Interest at 10.675% Depreciation. taxes, insurance. Total fixed costs... ...Amount.. $184.00 Value $19.64 24.21 S 43.85 Production Soybeans Total receipts.... Retums above total operating costs. Retums above all specified costs Units Bushel Price... $5.90 Quantity. 34.00 Value $200.60 $200.60 $79.94 What is the total operating cost per acre? $2.46 $76.81 $79.94 O$120.66
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