You are a Dairy farmer in Ford Beauford employing 12 workers and have completed the herd composition for the next budget year. Opening valuation LSU's Deaths Sales Slaughterings Purchases Births Closing v Value No No. Value Value No. Value No. LSU's 150470 10 77 52350 6 3675 16 12460 70 178.3 186.35 You must complete the income and cost budget for the Dairy enterprise for the budget period from 1/11/2017 to 31/10/2018. It is assumed that 100 cows will be milked during the year giving an average daily yield of 15 litres per cow. The milk will be sold fresh to a dairy for R6.50 per litre. Hides sold (from dead and slaughtered animals) Marketing costs for animals sold: Feed concentrates Doses Vaccine: Dip 33 heifers 1-2 70 calves Transport costs: animals to the market milk to dairy Casual labour: milking parlour cleaners R 80.00/hide 6% of sales value R 3825.00/cow milked R 382.50/calf born R 366.65/heifer R 396.30/calf R 36.45/head / month R 260.00/head 0.75 cents per litre R 1000.00/day (NB: "head" is the equivalent of number of animals.) In addition, the lactating cows graze on improved pastures throughout the year at an average rate of 2 cows per ha. The average variable costs for the pastures amount to R3150,00 per ha. i. Complete the livestock income and cost budget; [40] ii. Determine the Direct Gross Margin per LSU; [10] iii. Determine the improved pasture variable costs per LSU; [15] iv. Determine the Livestock Gross Margin per LSU AND per R100 variable costs. [25] V. Neatness of your work [10]