Exercise 11-16 Identification of Relevant Costs [LO11-1] Bill 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: Coat, $15,000: usable for eight seasone: 14 hunting trips per season 5 134 Travel expense (pickup truck): 100 miles at $0.39 per mile (gas, oil, and tires-$0.28 per mile: depreciation and insurance-50.11 per mile) 39 Shotgun shells (two boxes per hunting trip) 35 Dosti Coat, $2,160, usable for eight seasons 14 hunting trips per season 19 Hunting License Cost, $30. Or the season: 14 hunting tips per non 2 Money lost playing poker tonn. 630 (8111 plays poker every weekend whether he goes hunting or acas 30 Bottle of whiske Cont. 15 per hunting trip (used to ward of the cold) 35 5274 Cat de duck (5274 dock) 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 1 Required 2 Assuming the duck hunting trip Bill has just completed is typical, what costs are relevant to a decision as to whether Ball should go duck hunting again this season? Total 5 0 Required: 1. Assuming the duck hunting trip Bill has just completed is typical, what costs are relevant to a decision as to whether Bill 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 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 1 Required 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? Cost of last six ducks