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Ivanhoe, Inc. produces a crop of chickens at a total cost of $71,000. The production generates 64,800 chickens which can be sold for $2
Ivanhoe, Inc. produces a crop of chickens at a total cost of $71,000. The production generates 64,800 chickens which can be sold for $2 each to a slaughtering company, or the chickens can be slaughtered in house and then sold for $3.75 each. It costs $70.200 more to turn the annual chicken crop into chicken meat. (a) If Ivanhoe slaughters the chickens, determine how much incremental profit or loss it would report. (b) The parts of this question must be completed in order. This part will be available when you complete the part above.
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