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Short Problem I. 15 pts. Use the following enterprise budget information to answer the #juestions. Also, fill in any blanks in the budget. Corn 1
Short Problem I. 15 pts. Use the following enterprise budget information to answer the #juestions. Also, fill in any blanks in the budget. Corn 1 Acre Gross Receipts Corn Sales 100 bu/acre @3.75 bushel $375.00 120.00 Variable Costs Fertilizer Chemicals Other pre-harvest 80.00 66.50 Harvest Expense 32.50 Total Variable Costs Returns above Variable Costs Fixed costs 61.00 Total Costs Net Returns 1) What is the cost of production per bushel? 2) What is the break-even yield to cover all costs? 3) If the price of corn become $3.30 per bushel, what is the break-even yield
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