Original       Interest        Total
      Labor      $ 122.214.50    $ 98,536.63     $ 220,864.94   
      Dozer      $  24,360.00    $ 24,248.83     $  48,408.83
      Material   $  35,869.20    $ 38,974.56     $  74,843.76
      _______   _____________   ____________    _____________
Grand  Total     $ 182,443.20    $161,559.82     $ 344.003.22


 First Quarter - against filed figures of $365,000.00 which disregard the
   KRS 360. statute interest rate. 

 The D-4 Cat dozer work is itemized by hours separately. 
  
 This does not include the intermittant hired dozer hours.

 1975  60 hours Dozer =  6.749% of total 889 Dozer hours. 
 1976 194 hours Dozer = 21.82%  of total 889 Dozer hours.
 1977 152 hours Dozer = 17.09%  of total 889 Dozer hours.
 1978 109 hours Dozer = 12.261% of total 889 Dozer hours.
 1979 70 hours Dozer  =  7.874% of total 889 Dozer hours.
 1980  4 hours Dozer  =   .45%  of total 889 Dozer hours.
 1981 10 hours Dozer  =  1.12%  of total 889 Dozer hours.
 1987 290 hours Dozer =  32.62% of total 889 Dozer hours.
     ___________
      889 hours

Dozer bill = $24,360.00  
 interest  = $24,048.83    
Total      = $48,408.83 

889 dozer hours = 10.0988% of total 8803 labor hours. 


The dozer allowed the cropping and the later lease, and resulting income.
        

The hours in a year normally given over to work may vary from a 
fifty-two week year of fourty hour weeks, that is five eight hour 
days (5/8), up to the sixty hour week, which is six ten-hour 
days (6/10). This is a ratio of 2080 hours : 3120 hours. 
Each year series below is compared by percentages to the two 
types of work-years above. Each year is compared to the total. 

 Year  total hours              percent of the work-year  
 1975  1338    42  %   of (6/10 year)  64 %   of (5/8 year)
 1976   777    24.9%   of (6/10 year)  37 %   of (5/8 year)  
 1977   664    21.28%  of (6/10 year)  31.92% of (5/8 year)  
 1978   482    15.44%  of (6/10 year)  23.17% of (5/8 year)  
 1979   385    12.339% of (6/10 year)  18.5%  of (5/8 year) 
 1980   144     4.62%  of (6/10 year)   6.92% of (5/8 year) 
 1980 This year was taken up with cropping, for which time is not billed.
 1981   197      6.31%  of (6/10 year)   9.47% of (5/8 year) 
     1982-
 1984  134      4.29%  of (6/10 year)   6.44% of (5/8 year) 
 1985  470     15  %   of (6/10 year)  22.5%  of (5/8 year)  
 1986  580     18.589% of (6/10 year)  27.88% of (5/8 year)
 1987  1893    60.667% of (6/10 year)  91 %   of (5/8 year)
 1988  1351    43.30%  of (6/10 year)  64.95% of (5/8 year)   
 1989  388     12.44%  of (6/10 year)  18.65% of (5/8 year)


The series of years 1972-1975 are consolidated, as the 
reference points in time from which the record was recreated 
are less well  defined in the earliest years. The years 1982-
1984 are also consolidated. Interest costs are compared to the 
direct cost. 
The work enumerated is not farm work, such as row crop production, 
and it is not logging production. Crop labor is a different type 
of labor, defined by the market-place. Labor rates are listed 
in a separate chart. 

         Labor          Interest      Ratio of labor to interest (accuracy check numbers)
1975 :  $14,250.00   $ 41,403.52      290.55111%
1976 :  $10,212.50   $ 27,663.30      270.87688%                         
1977 :  $ 8,748.00   $ 22,354.99      255.544%
1978 :  $ 7,324.75   $ 17,625.67      240.63%
1979 :  $ 5,689.00   $ 12,938.63      227.43%
1980 :  $ 1,656.25   $  3,553.73      214.565%
1981 :  $ 2,182.50   $  4,362.78      199.898%
1982 :  $ 1,154.00   $  2,122.21      183.90%
1985 :  $ 6,185.50   $  9,088.46      146.93%
1986 :  $ 7,885.00   $ 10,727.45      136.05%
1987 :  $ 32,789.00  $ 41,216.71      125.70%
1988 :  $ 18,820.00  $ 21,949.76      116.63%
1989 :  $  5,318.00  $  5,743.42      107.999%
     __________________________________________
       $ 122.214.50 $ 220,864.94    $ 220,750.63  by percent calculations


house.dat          Clear identifiable individual expense charges. 
(one file which was tabulated by the series of Pascal programs on the VAX) 

1978             7300.00 17598.79   {house figures from page Q, first/half}
1980             7301.45 15665.97   {house figures from page Q}
1975             1100.00  3158.42   {barn roof- labor page E}
1977              455.18  1163.19   {concrete- page E}
1986              100.00   136.05   {electric materials- page D}
1974               60.00   182.61   {oil changes 6 per year x $10.00 each}
1975               60.00   172.28
1976               60.00   162.53
1977               60.00   153.33
1978               60.00   144.65
1979               60.00   136.46
1980               60.00   128.74
1981               60.00   119.94
1982               60.00   111.06    {end oil changes}
1975:              350.00  1004.95   {air compressor- page D}
1978             1109.86  2675.64    {grain bin foundation }
1978              400.00   964.32    {trenching}
1978              350.00   843.78    {tri-plex wire}
1978              200.00   482.16    {stone- page H}
1987             1050.00  1322.70    {culverts 105 ft page H}
1978              330.00   795.56    {oval culverts 66 ft pa*e 5 plus haulin*}
1981               75.77   151.46    {dense grade parking- page H}
1989             5880.00  6350.40    {land prep for development end page H}
1977              445.00  1137.17    {see the list of culverts filed in Probate}
1978              445.00  1072.80
====================================
Total         $27,432.26
Total w/ interest       $55,834.96
           Tot = 100% w/ interest Tot = 203.538% 


The following list is a tabulation of material receipts 
representing expendatures on the farm house, the farm and the business 
and is filed in probate. The second column is the value of the present 
use of future money, based on the KY statutes. It is an incomplete list, 
because many records disappeared, but it gives you the idea. 


misc5.dat     $8436.94 : $19,008.80   =

The two checkbooks records which have survived pretty 
much at random. From this we get a ratio of uses of moneys. 
The ratio of farm expenses to personal expenses is 92.8% : 7.2 %.  
That is that 92 cents from every dollar went
into the Hedges Farm. Where are those dollars now.? Therefore,
expenditures of 92.8% could and would have been diverted to other uses,
except for the responsibility of the Hedges Farm. 
Personal fuel cost was also placed at 7% based on the account
figures. The funds spent during this period came from the GI
Bill for College, savings from prior employment, liquidation of 
race car parts, and misc random income of Robert Hedges.


The percentage figures are safety checks for erroneous data.

Total Column = $122,214.50          ($122,215.25 from ALL.DAT)
Total w/ interest =  $220,750.63       ($220,864.94 from ALL.DAT)
                                 $ 244,367.89 from 4x west orig)
  100% : 180.62556%
            Minimum wage     $29,493.05   ($29,493.06 in backup column)
            Minimum wage with interest  $55,375.41 ($55,375.41 in backup)
         100% : 162.898%                  (100% : 187.757%)



The following three sets of figures are the west ridge itemized-labor 
computed as minimum wage, 5.00 per hour labor and 6.00 per hour labor.
The resulting percentage-ratio is then used as a check for accuracy 
of the entire set of programs. 

west 003.dat      $7728.10 : $15,437.75   = 1.9976126%
west 00.dat     $11,530.00 : $23,048.85   = 1.9990329%
west 006.dat    $13,845.00 : $27,676.66   = 1.9990364%
west as originally filed       
                $30,283.75 :  ($60,552.36) (this is 199% of first column)
west orig = 24.77902% of all original    (403.4546%) 
(this gives all from part)

       
Checkbook records - actual list tabulated above.
1979      251.04       528.66
1979      405.05       852.98
1979      200.00       421.17
1978      150.00       334.83
1979      164.65       346.73
1977      120.00       283.94
1978       30.00        66.97
1978      100.00       223.22
1979       42.15        88.76
1978      100.00       223.22
1979      270.39       569.40
1979       14.66        30.87
1979       50.05       105.40
1978      130.74       291.84
1979       22.56        47.51
1978      788.29      1759.63
1977      150.00       354.92
1978       25.00        55.81
1978      264.69       590.85
1978      149.02       332.64
1978       30.00        66.97
1978      129.00       287.96
1978       93.37       208.42
1979        3.00         6.32
1979       22.00        46.33
1979       15.09        31.78
1979        3.63         7.64
1980       16.82        33.42
1978       55.00       122.77
1978      318.13       710.14
1978       75.74       169.87
1978      160.62       358.54
1978       17.44        38.93
1978       10.00        22.32
1978       23.63        52.75
1979      101.59       213.93
1979        9.75        20.53
1978       67.50       150.67
1975       92.30       245.39
1978      1310.25     2924.76
1978        82.01      183.06
1978        11.00       24.55
1978       150.00      334.83
1978        43.82       97.82
1978        40.00       89.29
1975       247.00      656.68
1976        80.00      200.65
1976        37.80       94.81
1977       413.12      977.50
1977       453.84     1073.85
1977       268.80      636.02
1978        14.00       31.25
1978       311.00      694.22
1979       301.40      685.48
==============================
Tot      $8436.94
Tot w/interest      $19,008.80



The minimum wage is not applicable to any task which requires supervision.
Those figures are included for comparative purposes, with no supplies 
cost added. Each hour has an actual direct material and supply cost. 

       Minimum Wage     Interest
1975 : $  4,482.30    $ 13,023.37
1976 : $  2,602.95    $  7,050.79        
1977 : $  2,224.40    $  5,684.32 
1978 : $  1,617.70    $  3,892.70           
1979 : $  1,289.75    $  2,933.31         
1980 : $    482.40    $  1,035.06
1981 : $    659.95    $  1,319.23
1982 : $    448.90    $    825.53
1985 : $  1,574.50    $  2,313.44
1986 : $  1,943.00    $  2,643.43
1987 : $  6,341.55    $  7,971.51
1988 : $  4,525.85    $  5,278.94
1989 : $  1,299.80    $  1,403.78           
   __________________________________
Totals $ 33,993.89    $ 55,375.41

The labor cost at $3.35 = 67.02601% of the labor cost at $5.00
The labor cost at $3.35 = 55.8187% of the labor cost at $6.00
The labor cost at $3.35 = 25.51896% of original billing with corrected 
interest figures.
The labor cost at $5.00 = 38.07322% of original billing with corrected  
interest figures.
The labor cost at $6.00 = 45.71758% of original billing with corrected  
interest figures.


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Last modified:  December 1995