Bill has just returned from a duck hunting trip. He brought home eight ducks. Bill's friend,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Bill has just returned from a duck hunting trip. He brought home eight ducks. Bill's friend, John, disapproves of duck hunting, and to discourage Bill from further hunting, John presented him with the following cost estimate per duck: Camper and equipment: Cost, $17,000; usable for eight seasons; 14 hunting trips per season Travel expense (pickup truck): $ 152 100 miles at $0.42 per mile (gas, oil, and tires-$0.26 per mile; depreciation and insurance-$0.16 per mile) Shotgun shells (two boxes per hunting trip) Boat: Cost, $2,400, usable for eight seasons; 14 hunting trips per season Hunting license: Cost, $70 for the season; 14 hunting trips per season Money lost playing poker: Loss, $34 (Bill plays poker every weekend whether he goes hunting or stays at home) Bottle of whiskey: Cost, $15 per hunting trip (used to ward off the cold) Total cost Cost per duck ($304 8 ducks) 23 42 35 21 5 34 15 $ 304 $ 38 Required: 1. Assuming the duck hunting trip Bill has just completed is typical, what costs are relevant to a decision as to whether Bill should go duck hunting again this season? 2. Suppose Bill gets lucky on his next hunting trip and shoots 14 ducks using the same amount of shotgun shells he used on his previous hunting trip to bag 8 ducks. How much would it have cost him to shoot the last six ducks? Complete this question by entering your answers in the tabs below. Bill has just returned from a duck hunting trip. He brought home eight ducks. Bill's friend, John, disapproves of duck hunting, and to discourage Bill from further hunting, John presented him with the following cost estimate per duck: Camper and equipment: Cost, $17,000; usable for eight seasons; 14 hunting trips per season Travel expense (pickup truck): $ 152 100 miles at $0.42 per mile (gas, oil, and tires-$0.26 per mile; depreciation and insurance-$0.16 per mile) Shotgun shells (two boxes per hunting trip) Boat: Cost, $2,400, usable for eight seasons; 14 hunting trips per season Hunting license: Cost, $70 for the season; 14 hunting trips per season Money lost playing poker: Loss, $34 (Bill plays poker every weekend whether he goes hunting or stays at home) Bottle of whiskey: Cost, $15 per hunting trip (used to ward off the cold) Total cost Cost per duck ($304 8 ducks) 23 42 35 21 5 34 15 $ 304 $ 38 Required: 1. Assuming the duck hunting trip Bill has just completed is typical, what costs are relevant to a decision as to whether Bill should go duck hunting again this season? 2. Suppose Bill gets lucky on his next hunting trip and shoots 14 ducks using the same amount of shotgun shells he used on his previous hunting trip to bag 8 ducks. How much would it have cost him to shoot the last six ducks? Complete this question by entering your answers in the tabs below.
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
Laura Leasing SA signs an agreement on January 1, 2022, to lease equipment to Plote AG. The following information relates to this agreement. 1. The term of the non-cancelable lease is 3 years with no...
-
During fiscal year 2004, Georgia-Pacific called the following bond issuances: In groups of three or four: 1. Identify the face value, coupon rate, and maturity of each bond issue. 2. Discuss some of...
-
The owner of Pizza-House Restaurant is disappointed because the restaurant has been averaging 3,000 pizza sales per month, but the restaurant and wait staff can make and serve 5,000 pizzas per month....
-
Which of the following is least likely to be a major focus when undertaking long-run planning for the information systems audit function? a. Identifying the sequence in which material application...
-
A plant manager is interested in developing a quality-control pro-gram for an assembly line that produces light bulbs. To do so, the manager considers the quality of the products that come from the...
-
When you are giving a sales presentation, _ _ _ _ _ . When you are giving a sales presentation, _ _ _ _ _ . it is likely that your prospect will wait until you have finished your presentation before...
-
Ensure personal presentation and grooming is in line with procedures? Wear correct PPE? Clean and sanitise benchtops, items and utensils? Prepare/dish up the food items using correct implements,...
-
Hyperbolic process is also an isothermal process in the super heat region. Say true or false.
-
What are saturation states ?
-
What remains constant during isentropic process ?
-
What is the triple point?
-
What are the limitations on \(\iota\), which is the nondimensional value of the ratio of the force causing Coulomb friction to the amplitude of the excitation force?
-
The TinX Corp. is investing in a machine which will increase the quality of their product. The initial investment in the machine is $800,000. The life of the machine is 4 years. The machine will be...
-
Les has collected stamps in his spare time for years. He purchased many of his stamps at a price much lower than the current market value. Les recently lost his job as a carpenter. Since his wife...
-
Use the working papers and data from Work Together 15-2. Forms for completing this Work Together are provided in the Working Papers. Your instructor will guide you through the following examples. 1....
-
Use the February information from the Work Together above. An income statement for Wightman Lumber is included in the Working Papers. Work independently to complete this problem. 1, Prepare Wightman...
-
Use the August information from the Work Together above. An income statement for Cheries Pizza is included in the Working Papers. Work independently to complete this problem. 1. Calculate the...
Study smarter with the SolutionInn App