Question

Grosbeck Cattle Company has gathered the following information about operations for the past year. Year 1...

Grosbeck Cattle Company has gathered the following information about operations for the past year.

Year 1 Year 2 Year 3

Year 1

Cow herd size

120

Revenues from sale of calves

$108,000

Feed

18,200

Labor (1 cowboy per 120 cows)

24,000

Cow depreciation

15,300

Bull depreciation (1 bull per 30 cows)

1,698

Medications/vaccinations

3,120

Land lease

11,000

Operating income

30,633

(a) Determine the "per unit" cost table on the preprinted worksheet.

(b) How much is the per-cow contribution margin?

(d) Assuming Mathew's land will support a herd of 360 cows, project anticipated profits. Why is the

profit more than twice as much as the amount that is earned on a herd size of 120 cows?

Please make the answers clear, thank you!

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