Lifestyles End of summer Summer is over, and this discarded horse might not get another ride for a while, now that children are putting down toys and tpking up the books for school. Answering dinner question could be difficult to do Answering the question "What's for dinner?" can be dif ficult. It is sometimes hard to come up with something which is new to the family, reasonably priced and not full of extra calories. Now you can get just such a recipe over the telephone. The N.C. Agricultural Extension Ser vice offers a special "recipe of the week" on Extension Teletip. Dial toll-free 1-800-662-7301, and ask for tape number S. These are taste-tested econo mical and nutritious recipes. Another tape you may want to ask for is tape number 1101 on good food buys every two weeks. Here is one recent recipe of the week. This one takes advantage of garden-fresh vegetables. French-styled Vegetable Stew 1 cup chopped onions On the Front Burneri Alice Pettitt Home Economics Agent 2 small zucchini, thinly sliced '/] cup salad oil 3 tablespoons flour V* cup catsup 2 teaspoons vinegar 2 cloves garlic, minced 1 medium green pepper, cut into thin strips 1 medium eggplant, pared, cut into strips 4 medium tomatoes, peeled, cut in to eights 2 teaspoons oregano In a Dutch oven, saute the first Tour ingredients in oil until onion is transparent. Coat the eggplant strips with flour, add with tomatoes to sauteed vegetables. Combine catsup and remaining in gredients. Pour over vegetables. Cover, simmer 30-35 minutes, stir ring occasionally. Yield: 8 to 10 servings. Melon Cooler 1 cup diced honeydrew or can taloupe melon 1 tablespoon light corn syrup 1 cup lime sherbert 1 cup crushed ice Juice of one fresh lemon Combine melon and sherbert in blender. Blend a few seconds. Then add ice, syrup and lemon juice. Blend until smooth. Garnish with lemon slice or melon ball. For a deeper green color, add a drop or two of green food coloring. Yield: 2 eight-ounce servings. DID YOU KNOW 7 m *5.00 A Month WM Bay *20,000. OF NATIONWIDE LIFE INSURANCE If Age 21 Or Younger (Only A Little More If Over 21/ VardeU Hedgpeth AGENT 875-4187 JLaijteri} Laije Apartiqeifts Just What Raeford Has Been Waiting For... NEW CONTEMPORARY DESIGN APARTMENTS! ONE and TWO BEDROOMS, FEATURING: I ?Wall-To-Wall Carpeting *Frost-Free Refrigerator ^Electric Range 1 "Air Conditioning *Heat Pumps *Washer and Dryer Connections RENTS STARTING AS LOW AS $190 Located on S. Main Street FOR RENTAL INFORMATION CONTACT: John Wellons Management Co. 875-4415 MAIL APPLICATION TO: P.O. Box 729 Raeford, N.C. WfiSSf? S BAR-B-Q 1. N.C. 843-2300 CHASON'S Now Serves A Buffet For Lunch Wed. thru Sat., 11 a.m. -2:30 p.m. ALL YOU $995 CARE TO EAT NO WAITING ... EAT UPON ARRIVAL Most Items Listed Below On Dinner Menu Are Also Included In Our Luncheon Buffet STEAM SHIP ROUND with buffet THURSDAY NIGHT & ALL DAY SUNDAY ? ? hours WED. thru SAT. 11:00 to 9:30 WED. thru SUN. OPEN FOR LUNCH SUN0AY 11:00 to 8:00 BUFFET OPEN AU DAY Bar-B-Q Cooked Over Live Oak Cools * Chopped By Hand ftilwp Cmto AlMfewCrubUf, TKYOUKKKW MMNOROOM BUFFET ?wvuSFfue S ti^Closing TW ??.?*? hWOaiMpi MM ? WW DNNG ROOMS ? NEW REST ROOMS ? ICW& una I ? won MW ITEMS flNMivir CHASON'S COUNTRY COLLECTIONS couNvwaurTs BY MMUMCHASON Farm overhead needs defining Most farm enterprise budget guidelines show a bottom-line figure named "returns of land, overhead and management." It's important to understand what overhead is composed of. Accountants broadly define overhead to include business costs that are neither direct labor or direct "material" used in produc ing a product. In agricultural production, overhead is similarly defined as "those costs which are not distinct ly related to a single enterprise or portion of an enterprise" (Earl O. Heady. 1962). Certainly, such variable costs as fertilizer, chemicals, seed, feed, and vet fees are distinctly related to individual enterprises and are not overhead. If analysis is made of equipment and labor requirements for each product (enterprise), then these services, represented by labor costs, fuel, lubricant and repair ex penses, should be added to other direct materials and services since they have a direct association with production of each crop or livestock product. To fully evaluate the enterprise, the fixed costs of equipment ownership (depreciation, property taxes and insurance) or lease should also be allocated to the enterprise as a direct fixed cost, based on the proportion of annual hours of use in the enterprise. So what's left to classify as farm "overhead?" Obvious categories are accounting fees, supervisory hired labor (indirect labor), minor supplies, property insurance, and depreciation that cannot be Extension News Willie Featherstone Jr\ County Extension Chairman specifically identified with an enterprise (due to the time and ef fort needed to allocate it). Utilities, building repairs, payroll taxes and employee fringe benefits are other usual representatives of overhead costs. Accountants generally place land charges (real estate taxes and rent) in overhead. Farm management specialists are inclined to make a separate category for these major items separate from overhead. Accountants customarily ex clude cash interest paid from pro duction overhead, classifying it as an administrative and financing (higher -level overhead) cost. Ac countants, as well as economists, recognize "opportunity" cost, the value of an asset (equipment, cash, land) in its most profitable alter native use, and use the idea in deci sion making. Interest on operating capital (a variable cost) and in terest on investment in fixed assets (a fixed cost) can, with some exer tion, be allocated to specific enter prises, thus excluding them from the overhead classification. Some farm operators do not allocate to enterprises such costs as fulltime hired labor, equipment and jointly in several enterprises, and even some materials such as chemicals. All is not lost, so to speak. They simply have a "broader" defini tion of overhead and must be aware of this when comparing their actual results with more refin ed published enterprise budget guidelines. It should be noted that regardless of the precision in cost allocation, overhead includes cost components that are both variable (varying in direct proportion to production volume) and fixed (unaffected by production volume, at least within a range of produc tion volume). Some costs may be "mixed" costs. Utilities expense, for exam ple, often has a fixed component (such as a flat monthly charge) and variable component (rising with in creased production of crops and livestock). If you hear a farm management advisor using the terms "overhead" and "fixed costs" in terchangeably -- you should cor rect him. 1 once heard a farmer say, "If it weren't for overhead, I'd make a fortune." The business challenge is to discover the combination of resources and enterprises that "contribute" (sales less direct variable and overhead variable costs) the most to covering fixed costs. Cost analysis can show the path to earning higher net (taxable) farm income. You may have to make substantial adjustments in enterprise and resource combina tions (and your accounting system) to improve business income. Some overhead expenses can be controll ed by careful observation and analysis during the year. ,e TEXACO MOTOR z- ? QT. OIL Texaco Ks J0^40 motor oil. Limit 5 Quarts. 6 ROLL. b -PACK TISSUE 2fK?&y,??rol,pack LW?2S?(,P,,yba,h,'"ue TWO liter , Choose from new Coke^^ ???* diet Coke', Cherry Coke or Sprite. SUSTSL?/* 42~ frln0?* M Daily UBun