Part B: Based on your answer in Part A, what are Joes Annual Cost Savings (in total) by discontinuing duck-hunting (Show work).

Part C: Should Joe continue or discontinue duck hunting? Please provide support for your response.

Joe loves to duck hunt. Joe made 10 duck hunting trips in 20X1. Joe always shoots 10 ducks per trip and is able to sell the ducks shot to a local restaurant for $8 per duck-thus pocketing $80/trip. Joe read a Beginning Managerial Accounting Book last night and estimates his per/trip costs of each duck hunting trip as follows: Description Per/Unit Costs Camper: Purchased on 1/1/20x1 for cash. Purchase price is 16,000 Usable for 10 years. ($15,000/8yrs/10 trips per year) $200 Travel Expense (Pick-up truck-bought on 1/1/20X1): Milage: 23 cents/mile for 100 miles per trip $23 Pick-up Truck Depreciation: (15 cents per mile-100 miles per trip) Shotgun shells (two boxes--$27 per box) $15 $54 Boat: $20 $50 Purchased on 1/1/20x1 for $4,000 cash. Usable for 20 years. (4,000/20yrs/10trips) Hunting License Cost: 50 per season-not yet purchased Money Lost Playing Poker: Joe plays poker every weekend by the campfire he goes duck hunting. He regularly Loses $100 per game. If he stays home and plays in the poker game at the neighborhood Pub he only loses 562 per game Total Estimated Costs per trip $38 $400/trip Or $4,000 annually EST Part A: Joe is concerned about the costs of duck hunting and is considering quitting duck hunting. Which per/trip costs are relevant and not-relevant to his decision? Answer this question by filling in the per-trip cost amount for each line item in the appropriate "relevant" or 'not-relevant" column. Descriptioin Per/Trip Costs Relevant Not Relevant Camper*: Purchased on 1/1/20x1 for cash. Purchase price is 16,000 Usable for 8 years. ($15,000/8yrs/10 trips per year) $200 Travel Expense (Pick-up truck)*: Milage 23 cents/mile for 100 miles per trip $23 Pick-up Truck Depreciation (15cts/mile-100 miles per trip) $15 Shotgun shells (two boxes--$27 per box) $54 Boat: Purchased on 1/1/20x1 for $4,000 cash. Usable for 8 years. (4,000/20yrs/10trips) $20 Hunting License Cost: 30 per season, not yet purchased $50 Money Lost Playing Poker: Joe plays poker every weekend by the campfire he goes duck hunting. He regularly Loses $100 per game. If he stays home and plays in the poker game at the neighborhood Pub he only loses $62 per game $38