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D. Partial Budgeting Using the following values to construet a partial budget. producer is thinking of replacing all 100 acres of com with 100 acres

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D. Partial Budgeting Using the following values to construet a partial budget. producer is thinking of replacing all 100 acres of com with 100 acres of soybeans. onsideration must be given to the following values that will change: Current 100 Acres of Corn Income- $28,000 Costs Labor- S1,500 Other Costs-$13,000 Change to 100 Acres of Sovbeans Income- $25,000 Costs Labor- $1,250 Others Costs- $5,500 No additional machinery will be purchased because the producer already has the necessary soybean header, etc. 9. Should the producer make this change? 10. Why? 11. Set up a partial budget table and labels (Added costs, reduced receipts, etc.) below. Fill in the numbers from above

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