Hemp, an agricultural product, is a natural fiber that has many industrial and commercial uses, including handbags,
Question:
Estimated Operating Costs per Acre for the Production of Hemp
Seed ................... $80.00
Fertilizer ................ 38.15
Chemicals ................ 10.00
Fuel ................... 11.00
Machinery operating costs ......... 15.00
Crop insurance ............... 6.00
Other costs ............... 7.50
Land taxes ............... 5.50
Licensing fee .............. 15.00
Sampling and analytical fees ........ 15.00
Drying costs ............... 3.57
Cleaning costs ............... 5.00
Interest on operating costs ......... 7.44
Required
Calculate the price per pound that a farmer on an average-sized farm would have to receive to break even on the production of hemp.
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Related Book For
Cost management a strategic approach
ISBN: 978-0073526942
5th edition
Authors: Edward J. Blocher, David E. Stout, Gary Cokins
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