What are the costs of being a milk processor


Questions:

1. What are the costs of being a milk processor (the person who collects milk from the farms and puts it into bottles and cartons for sale by the supermarkets)?

2 How do the dairy farmers react to price pressure in an attempt to cover their fixed costs?

3. What kinds of variable cost might be included in these cost estimates?

4. What kinds of fixed costs might be used in the calculation of these cost estimates?

5. What might be the direct and indirect costs of running a home?

6. Should this cost information be used as a basis for planning to save for a family holiday?

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Accounting Basics: What are the costs of being a milk processor
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