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Farmer Shall is presently preparing the budget for Feb 14, 2021 For the plan budget for this new crop cycle, from farmer Shall, the following

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Farmer Shall is presently preparing the budget for Feb 14, 2021 For the plan budget for this new crop cycle, from farmer Shall, the following have to take in consideration: Income gain: tomatoes 2000 kg @ $5.00\kg, onion 1500 kg @ $4.00\kg, layer birds 700 and 200 eggs per bird @ $0.25 legg During the crop project the following was used: seedling $1000, fertilizer $2000, Pesticide $1400, layering chicks $900, Feed $4000. Medication $750, Electricity for layering birds $600, Labour for layers $5500, Transportation for selling eggs $850. For the farmer to start his business he had to do a loan, with X bank, paying loan interest of $1100, in addition taxes $300, insurance $500 and depreciation of fixed assets of $1200, Calculate the following: use the whole farm budget format. Gross margin Variable cost and Fixed cost Total cost Net profit net loss

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