Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Bil has just returned from a duck hunting trip. He brought home eight ducks. Bill's friend, John. disapproves of duck hunting, and to discourage Bill

image text in transcribed
image text in transcribed
Bil has just returned from a duck hunting trip. He brought home eight ducks. Bill's friend, John. disapproves of duck hunting, and to discourage Bill from further hunting. John presented him with the following cost estimate per duck: Camper and equipment: Cost, 519,000 usable for eight seasons: 14 hunting trips per season $ 170 Travel expense pickup truck): 100 miles at 50.40 per mile (gas, oil, and tires-50.26 per mile; depreciation and Insurance-50.14 per mile) 40 Shotgun shells (two boxes per hunting trip) 35 Boatt Cost, $2,160, usable for edght seasons 14 hunting trips per season 19 Hunting License: Cost, $50 for the season; 14 hunting trips per Season 4 Money lost playing poker LOSS, $20 (8111 plays poker every weekend whether heroes hunting or stays at home) 20 Bottle of whiskey: Cost, $10 per hunting trip (used to ward off the cold) 10 Total cost $ 298 Cost per duck (5298 -8 ducks) $ 37 Required: 1. Assuming the duck hunting trip Bill has just completed is typical, what costs are relevant to a decision as to whether Bill should go duck hunting again this season? 2 Suppose Bill gets lucky on his next hunting trip and shoots 14 ducks using the same amount of shotgun shells he used on his previous hunting trip to bag 8 ducks How much would it have cost him to shoot the last six ducks? complete this question by entering your answers in the tabs below. Required: Required 2 Assuming the duck hunting trip Bill has just completed is typical, what costs are relevant to a decision as to whether Bill should go duck hunting again this season? Total

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Accounting

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

10th edition

0-07-794127-6, 978-0-07-79412, 978-0077431808

Students also viewed these Accounting questions