Question: AEB 3 2 2 : FARM BUSINESS MANAGEMENT ASSIGNMENT 2 Due Date: 2 3 / 0 4 / 2 0 2 5 Marks: 3 0
AEB : FARM BUSINESS MANAGEMENT ASSIGNMENT Due Date: Marks: Instructions In Groups of Attempt All Questions. Please observe the due date Assume John has land that he inherited and runs an agribusiness of producing maize. He hopes to produce bags of maize that he will sell at the prevailing market price of P per bag. Anticipated expenses are as follows: a Given the information above, construct the enterprise budget for John. In your answer, please show the following subheadings: Revenue, Variable costs, Income above variable costs, Fixed costs, Total costs and Estimated profit. marks b Using the information above, calculate the following: i Cost of production ii Breakeven yield iii. Breakeven price c Comment on the viability of Mr John's Project, please give a reason for your answer.
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