Angus works as a dairy farmer and loves his work. because the dairy business hasn\'t been doing well lately, angus is considering changing careers. he could work as a technician at the local dairy plant, and earn $27,000 a year. angus decides to make a list of the costs of staying in business as a famer and asks you for . sort angus\' costs below according to whether they are explicit costs or implicit costs.

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is