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Hunting Lease Liability Insurance document sample
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Activity Level, Frequency, & Allocation
Support Centers Production Cost Centers Profit Centers
Level 1 (Complete First) Level 3 (Complete & Allocate 3rd) Level 4 (Final Allocations)
GENERAL FARM WHEAT PRODUCTION COSTS WHEAT PROFIT CENTER
Items Rules Rate Items Rules Rate Items Rules Rate
LAND
Items Rules Rate BARLEY PRODUCTION COSTS BARLEY PROFIT CENTER
Items Rules Rate Items Rules Rate
SG&A
Items Rules Rate CANOLA PRODUCTION COSTS CANOLA PROFIT CENTER
Items Rules Rate Items Rules Rate
FINANCE
Items Rules Rate HAY PRODUCTION COSTS HAY PROFIT CENTER
Items Rules Rate Items Rules Rate
Level 2 (Intermediate 2nd level calculation) (INSERT OTHER ENTERPRISES….)
EQUIPMENT SUPPORT COST CENTER
Items Rules Rate CUSTOM APPLICATION PROFIT CENTER
NOTE; For a service type enterprise like custom Items Rules Rate
application, you would not normally have a related
production cost center, as you are not manufacturing
inventory.
OTHER INCOME & EXPENSE COST CENTER
Items Rules Rate
843ea588-8bc3-486e-bc37-114b5a9b0403.xls Allocations 11/13/2010
General Farm Overhead Cost Center Report
Revenue/Cost Recovery Total for Farm $ Alloc to Hay
Custom Hire Income - labor reimbursement $ 1,000.00
Coop Patronage Income - (Supplies & Utility Co) $ 2,500.00
1 Total Revenue / Cost Recovery $ 3,500.00
Production Costs - Direct
Labor (2 key employees) $ 28,700.00
Living Draw (Hay share of operation) $ 24,000.00
Employee Benefits (groceries & medical) $ 12,000.00
Utilities-house/shop/office (Hay Op share) $ 7,200.00
Supplies (for hay side of Op) $ 3,300.00
Fuel - Lube (non farm equipment/pers vehicles) $ 9,600.00
Life Insurance $ 800.00
Dues & Publications (Hay share only) $ 175.00
2 Total Direct Production Costs $ 85,775.00
Production Costs - Indirect
(Non applicable in first level reports) na
3 Total Indirect Production Costs $ -
4 Total Direct & Indirect Production Costs (2+3) $ 85,775.00
5 Total (4 - 1) $ 82,275.00
Capture Period: Allocation Rules:
Jan 1 - Dec 31, 200X
843ea588-8bc3-486e-bc37-114b5a9b0403.xls Gen Farm OH 11/13/2010
Equipment Cost Center Report - Hay Op Allocation
Revenue / Cost Recovery Total for Farm % to Hay Tot $-Hay Oper
Gain / Losses on Equipment Sales $ 7,600.00
Custom Hire Income (Custom Swathing & Raking) $ 2,700.00
Equipment Rental Income- Direct Seed drill rent $ 2,600.00
1 Total Revenue / Cost Recovery $ 12,900.00
Production Costs - Direct
Fuel & lube expense $ 15,200.00
Repairs, Tools & Equip Supplies $ 20,500.00
Depreciation (Mach & Equip for hay operation) $ 19,200.00
Baling ($18/t) & stacking ($4.00/t) $ 123,200.00
Equipment Rent Expense (for hay operation) $ 4,200.00
Prop Tax Equip - Equipment $ 2,300.00
Licensing (hay share of operation) $ 700.00
Vehicle Insurance (hay share of Operation) $2,400.00
2 Total Direct Production Costs $ 187,700.00
3 Total Indirect Production Costs $ -
4 Total Direct & Indirect Production Costs (2+3) $ 187,700.00
5 Net Equipment Support Costs (4 - 1) $ 174,800.00
6 Total Acres Farmed 750.0
Total Tons Hay Raised & Sold 5,570.0
843ea588-8bc3-486e-bc37-114b5a9b0403.xls Equipment 11/13/2010
Land Cost Center Report
Revenue / Cost Recovery Total Farm $/Acre $ Alloc to Hay $/Ac-Hay Op
Gains / losses on property Sales $ - - $ 5,000.00 $ 6.67
Land Rental Income $ - - $ - $ -
Government Payments - Conservation Cost Shares $ - - $ 3,000.00 $ 4.00
1 Total Revenue / Cost Recovery $ - $ - $ 8,000.00 $ 10.67
Why wou
Operating Costs - Direct an oppo
Cash Rent & Lease Fees for dryland range $ - - $ - $ - rate in th
Repair Costs - Build & Improvements $ - - $ 2,700.00 $ 3.60
Because
Real Estate Taxes $ - - $ 7,730.00 $ 10.31 actual
If you inc
Building & Improvements Insurance $ - - $ 700.00 $ 0.93
land ren
Professional Fees-land related (appraisals) $ - - $ 600.00 $ 0.80 here…yo
Property Management Fees $ - - $ 8,000.00 $ 10.67 with r.e.
interest a
Conservation Expenses $ - - $ 2,000.00 $ 2.67 structure
2 Total Direct Operating Costs $ - $ - $ 21,730.00 $ 28.97
3 Total Land Costs (2-1) $ - $ - $ 13,730.00 $ 18.31
Total Acres Farmed 0.0 750.0
Capture Period: Allocation Rules:
Jan 1 - Dec 31, 200X
843ea588-8bc3-486e-bc37-114b5a9b0403.xls Land 11/13/2010
SG & A Cost Center Report
Revenue / Expense Recovery Tot Farm Amt % to Hay $ Alloc to Hay
(not normal to have Exp Recovery to this Center)
1 Total Revenue / Expense Recovery $ -
Operating Expense - Direct
General Management $ 12,000.00
Office / Postage $ 2,300.00
Liability Insurance $ 3,300.00
Professional Fees $ 3,450.00
Office Staff $ 5,400.00
2 Total Direct Operating Expense $ - $ 26,450.00
Total acres--> 750.0
Capture Period: Allocation Rules:
Jan 1 - Dec 31, 200X
843ea588-8bc3-486e-bc37-114b5a9b0403.xls SG & A 11/13/2010
Finance Cost Center Report
Revenue / Cost Recovery Tot Farm Amt % Alloc to Hay
Interest Rebates/ Dividend (FCS interest rebate) $ -
Interest earned (MM Accts, CDs, etc.)
1 Total Revenue / Cost Recovery $ -
Financing Expense*
Interest - Operating Loans $ -
Interest - Long Term Debt $ -
Interest - Equipment Loans & Circles $ -
Finance Charges $ -
Loan Fees, Appraisal Costs $ -
2 Total Finance Expense $ -
3 Net Finance Expense (2-1) $ -
* Excludes Debt Principal Pmts--not deductible expense
Capture Period: Allocation Rules:
Jan 1 - Dec 31, 200X
Other Expense & Income
Revenue / Cost Recovery Amount % Alloc to Hay
Non Commodity Linked Pmts (USDA Direct Payments)
Non Farm Income & Hunting Receipts
$ -
1 Total Revenue / Cost Recovery $ -
Non-Farm Operating Expenses
Non - Farm Operating Expenses $ -
$ -
2 Total Non-Farm Operating Expenses $ -
3 Total (4-1) $ -
Notes:
Capture Period: Allocation Rules:
Jan 1 - Dec 31, 200X
843ea588-8bc3-486e-bc37-114b5a9b0403.xls OthInc Exp Ctr 11/13/2010
Production Cost Center Report Commodity --> Alfalfa & Grass Hay
Number Unit
Marketing Units (bus, tons, cwt, lbs) 5570 tons
Production Units (Acres, Cow AU's, etc. ) 750.0 ac
Revenue / Cost Recovery Amount $/Acre $/Qty Prod
Commodity By Product Revenue $ - $ - $ -
Grazing after last cutting 2006 $ 7,440.00 $ 9.92 $ 1.34
1 Total Revenue / Cost Recovery $ 7,440.00 $ 9.92 $ 1.34
Production Costs - Direct
Seed $ 14,977.60 $ 19.97 $ 2.69
Fertilizer $ 70,837.51 $ 94.45 $ 12.72
Chemicals $ 23,764.01 $ 31.69 $ 4.27
Custom Chemical Application $ 8,916.00 $ 11.89 $ 1.60
Electricity for circles & pumps $ 29,965.19 $ 40.33 $ 5.38
Water (project water) $ 8,232.00 $ 10.98 $ 1.48
Tarping Hay $ 34,257.74 $ 45.68 $ 6.15
2 Total Direct Production Costs $ 190,950.05 $ 254.98 $ 34.28
Production Costs - Indirect
Allocated From
General Farm Overhead $ 82,275.00 $ 109.70 $ 14.77
Equipment Cost Center $ 174,800.00 $ 233.07 $ 31.38
Land Cost Center $ 13,730.00 $ 18.31 $ 2.46
3 Total Indirect Production Costs $ 270,805.00 $ 361.07 $ 48.62
4 Total Dir & Indir Prodn Costs (2+3) $ 461,755.05 $ 616.05 $ 82.90
5 Total Production Costs (4-1) $ 454,315.05 $ 606.13 $ 81.56
Notes:
Capture Period: Allocation Rules:
Jan 1 - Dec 31, 200X
843ea588-8bc3-486e-bc37-114b5a9b0403.xls Prodn Cost Ctr 11/13/2010
Profit Center Report Commodity --> Alfalfa/Grass Hay
Farm Name Here is Prof
Number Unit Tons/Ac 100
Farm made
Marketing Units (bus, tons, cwt, lbs) 5570 tons 7.43
Production Units (Acres, Cow AU's, ) 750.0 Acres Does this te
Commodity Revenue Amount $/Acre* $/Qty Mktd about perfo
manageable
Alfalfa/Grass Hay $ 713,000.00 $ 950.67 $ 128.01
LDPs /CCP (commodity specific gov pymts) $ - $ - $ - Not really…
components
1 Total Commodity Revenue $ 713,000.00 $ 950.67 $ 128.01
structure.
2 Total Production Costs (see Prod Cost Center) $ 454,315.05 $ 605.75 $ 81.56
3 Production Margin (1 - 2) $ 258,684.96 $ 344.91 $ 46.44
Other Expenses & Income
Allocation from Sales, Gen & Admin Cost Center $ 26,450.00 $ 35.27 $ 4.75
Allocation from Finance Cost Center (Ld, Eq, Circles) $ 61,250.00 $ 81.67 $ 11.00
Look at how
Allocation from Oth Exp/Inc (GovPmts & Hunting) $ (24,860.00) $ (33.15) $ (4.46)
from govt p
4 Total Other Expense and Income $ 62,840.00 $ 83.79 $ 11.28 hunting red
5 Margin After Other Exp & Income (3-4) $ 195,844.96 $ 261.13 $ 35.16 cost structu
Notes:
843ea588-8bc3-486e-bc37-114b5a9b0403.xls Profit CTR Report 11/13/2010
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