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Assignment 2: LASA 1: The Costs of Production
Joseph Farms, Inc. is a small firm in the agricultural industry. They have asked you to help them complete the limited data they have gathered in an effort to enable effective decision-making. Some work can be done using MS Excel but it must be copied to an MS Word file for the final submission of this assignment. To assist Joseph Farms, Inc., respond to the following:
(Assignment continues below Table-1.)Table-1: Joseph Farms, Inc., Cost and Revenue Data
Price per unit
Total Fixed Cost
Total Variable Cost
Average Fixed Cost
Average Variable Cost
Average Total Cost
Table-2: Joseph Farms, Inc., Revenue/Profit/Loss Data
Total Costs from Table 1
Profit or Loss
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