A Jamaican poultry farmer recorded the following costs for one production cycle: feed $45,000; day-old chicks $12,000; medication $3,000; land rent $8,000; depreciation on housing $4,000. What is the total variable cost?

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Question

A Jamaican poultry farmer recorded the following costs for one production cycle: feed $45,000; day-old chicks $12,000; medication $3,000; land rent $8,000; depreciation on housing $4,000. What is the total variable cost?

Accepted Answer

$60,000 — Award 1 mark for correctly identifying and summing variable costs: feed ($45,000) + chicks ($12,000) + medication ($3,000) = $60,000. B is incorrect — includes land rent which is a fixed cost. C is incorrect — includes both fixed costs. D is incorrect — only includes chick costs.

Answer

$12,000

Answer

$60,000

Answer

$72,000

Answer

$68,000

One real Agricultural Science question.No signup. 30 seconds.

One real Agricultural Science question.
No signup. 30 seconds.