Homework Help is Here – Start Your Trial Now!
Business
Accounting
What's the breakeven price of corn? Table 1.B Summary of estimated costs and returns per acre Corn, stale seedbed, BtRR, 12-row 38", 220 bu yield goal Furrow Irrigated, 13 ac-in., Delta Area, Mississippi, 2020 AMOUNT YOUR FARM ITEM INCOME Corn TOTAL INCOME DIRECT EXPENSES CUSTOM SPRAY FERTILIZERS HERBICIDES INSECTICIDES IRRIGATION SUPPLIES SEED/PLANTS CUSTOM FERTILIZE HAULING CUSTOM LIME CROP CONSULTANT SOIL TEST HAND LABOR IRRIGATE LABOR OPERATOR LABOR UNALLOCATED LABOR UNIT bu acre acre hour hour hour hour DIESEL FUEL gal REPAIR & MAINTENANCE acre INTEREST ON OP. CAP. acre TOTAL FIXED EXPENSES acre acre acre acre acre acre acre acre acre TOTAL DIRECT EXPENSES RETURNS ABOVE DIRECT EXPENSES PRICE dollars. 3.86 8.10 198.72 51.97 1.05 7.92 119.00 7.50 50.60 28.64 6.00 3.33 9.06 9.06 15.22 15.24 2.30 22.02 16.38 TOTAL SPECIFIED EXPENSES RETURNS ABOVE TOTAL SPECIFIED EXPENSES QUANTITY 220.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 0.1354 0.3875 0.5252 0.4020 17.0094 1.0000 1.0000 dollars 849.20 849.20 8.10 198.72 51.97 1.05 7.92 119.00 7.50 50.60 28.64 6.00 3.33 1.22 3.53 8.01 6.13 39.11 22.02 16.38 579.23 269.97 111.50 690.73 158.47

What's the breakeven price of corn? Table 1.B Summary of estimated costs and returns per acre Corn, stale seedbed, BtRR, 12-row 38", 220 bu yield goal Furrow Irrigated, 13 ac-in., Delta Area, Mississippi, 2020 AMOUNT YOUR FARM ITEM INCOME Corn TOTAL INCOME DIRECT EXPENSES CUSTOM SPRAY FERTILIZERS HERBICIDES INSECTICIDES IRRIGATION SUPPLIES SEED/PLANTS CUSTOM FERTILIZE HAULING CUSTOM LIME CROP CONSULTANT SOIL TEST HAND LABOR IRRIGATE LABOR OPERATOR LABOR UNALLOCATED LABOR UNIT bu acre acre hour hour hour hour DIESEL FUEL gal REPAIR & MAINTENANCE acre INTEREST ON OP. CAP. acre TOTAL FIXED EXPENSES acre acre acre acre acre acre acre acre acre TOTAL DIRECT EXPENSES RETURNS ABOVE DIRECT EXPENSES PRICE dollars. 3.86 8.10 198.72 51.97 1.05 7.92 119.00 7.50 50.60 28.64 6.00 3.33 9.06 9.06 15.22 15.24 2.30 22.02 16.38 TOTAL SPECIFIED EXPENSES RETURNS ABOVE TOTAL SPECIFIED EXPENSES QUANTITY 220.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 0.1354 0.3875 0.5252 0.4020 17.0094 1.0000 1.0000 dollars 849.20 849.20 8.10 198.72 51.97 1.05 7.92 119.00 7.50 50.60 28.64 6.00 3.33 1.22 3.53 8.01 6.13 39.11 22.02 16.38 579.23 269.97 111.50 690.73 158.47

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question
What's the breakeven price of corn? Table 1.B Summary of estimated costs and returns per acre Corn, stale seedbed, BtRR, 12-row 38", 220 bu yield goal Furrow Irrigated, 13 ac-in., Delta Area, Mississippi, 2020 ITEM INCOME Corn TOTAL INCOME DIRECT EXPENSES CUSTOM SPRAY FERTILIZERS HERBICIDES INSECTICIDES IRRIGATION SUPPLIES SEED/PLANTS CUSTOM FERTILIZE HAULING CUSTOM LIME CROP CONSULTANT SOIL TEST HAND LABOR IRRIGATE LABOR OPERATOR LABOR UNALLOCATED LABOR DIESEL FUEL REPAIR & MAINTENANCE INTEREST ON OP. CAP. UNIT TOTAL FIXED EXPENSES bu acre acre acre acre acre acre acre acre acre acre acre hour hour hour hour gal acre acre TOTAL DIRECT EXPENSES RETURNS ABOVE DIRECT EXPENSES PRICE QUANTITY dollars 3.86 8.10 198.72 51.97 1.05 7.92 119.00 7.50 50.60 28.64 6.00 3.33 9.06 9.06 15.22 15.24 2.30 22.02 16.38 TOTAL SPECIFIED EXPENSES RETURNS ABOVE TOTAL SPECIFIED EXPENSES 220.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 0.1354 0.3875 0.5252 0.4020 17.0094 1.0000 1.0000 AMOUNT YOUR FARM dollars 849.20 849.20 8.10 198.72 51.97 1.05 7.92 119.00 7.50 50.60 28.64 6.00 3.33 1.22 3.53 8.01 6.13 39.11 22.02 16.38 579.23 269.97 111.50 ---- 690.73 158.47
Transcribed Image Text:What's the breakeven price of corn? Table 1.B Summary of estimated costs and returns per acre Corn, stale seedbed, BtRR, 12-row 38", 220 bu yield goal Furrow Irrigated, 13 ac-in., Delta Area, Mississippi, 2020 ITEM INCOME Corn TOTAL INCOME DIRECT EXPENSES CUSTOM SPRAY FERTILIZERS HERBICIDES INSECTICIDES IRRIGATION SUPPLIES SEED/PLANTS CUSTOM FERTILIZE HAULING CUSTOM LIME CROP CONSULTANT SOIL TEST HAND LABOR IRRIGATE LABOR OPERATOR LABOR UNALLOCATED LABOR DIESEL FUEL REPAIR & MAINTENANCE INTEREST ON OP. CAP. UNIT TOTAL FIXED EXPENSES bu acre acre acre acre acre acre acre acre acre acre acre hour hour hour hour gal acre acre TOTAL DIRECT EXPENSES RETURNS ABOVE DIRECT EXPENSES PRICE QUANTITY dollars 3.86 8.10 198.72 51.97 1.05 7.92 119.00 7.50 50.60 28.64 6.00 3.33 9.06 9.06 15.22 15.24 2.30 22.02 16.38 TOTAL SPECIFIED EXPENSES RETURNS ABOVE TOTAL SPECIFIED EXPENSES 220.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 0.1354 0.3875 0.5252 0.4020 17.0094 1.0000 1.0000 AMOUNT YOUR FARM dollars 849.20 849.20 8.10 198.72 51.97 1.05 7.92 119.00 7.50 50.60 28.64 6.00 3.33 1.22 3.53 8.01 6.13 39.11 22.02 16.38 579.23 269.97 111.50 ---- 690.73 158.47
Expert Solution
steps

Step by step

Solved in 3 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS