Complete the Budget (18 points) Gross Revenue from Corn$ Gross Revenue from Pork$ Total Gross Revenue$ Variable Costs$ Gross Margin from Farm Production$ Other Farm Income$ Gross Margin + Other Farm Income$ Depreciation$ Other Fixed Costs$ Total Fixed Costs$ Total Costs$ Projected Net Income$ Calculate the total number of hours of labor needed (2 points)

Use the information from TABLE 1 and the Enterprise Budget data below to create a whole farm budget. TABLE 1 Acres of Corn 500 Number of Feeder Pigs 2,000 Miscellaneous Income $13,000 Depreciation $22,000 Other Fixed Expenses $70,000 Enterprise Budget: Corn CORN (1 acre) Yield 140 bushels Price $4.00 per bushel Variable Costs $250 Labor 2.8 hours Enterprise Budget: Feeder Feeder Pig Pigs (1 head) Weight 240 lbs. Price $0.50 per lb. Variable Costs $80 Labor 0.75 hours Corn Fed as Feed 10 bushels