TR= Q x P or 10 x 10,000 = 100,000
Your supplies or materials is the chicken feed which is = 50,000
Hired employee cost is 20,000
Value of your son’s labor is worth 20,000, like your employee.
Since he works only half time his labor cost is 10,000
Total labor cost of employee and son is therefore 30,000.
Value of your work is the salary you gave up from your employer.
Therefore annual managerial cost is 20,000.