You are producing soybeans. This year you will produce 78,300 bushels and hope to Profit...
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Accounting
You are producing soybeans. This year you will produce 78,300 bushels and hope to Profit $74,385. Your average variable costs are $4.78 per bushel, while your average fixed costs are $2.37 per bushel. Calculate your 1 ) Contribution, then tell what 2) Price you will need to achieve that level of Profit. Blank 1: What is the Contribution in $/ bu? (Answer format: $1.23/ bu) Blank 2: What Price is needed in $/ bu? (Answer format: $1.23/bu )
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