You must understand fixed overhead expenses in order to understand absorption costing and variable costing. Fixed overhead consists of expenses that do not change with your level of production. Examples of fixed overhead include rent, insurance, wages for permanent full-time employees, and lease payments on equipment.
Whereas it may be safe to start a horse as early as two years of age, you must reasonably moderate the demands you are about to place on the developing horse. One hour of riding work may be just fine for a fully developed horse, but it is most often unacceptable for a two-year old.
Once you have sent for the vet, you can choose the name of your foal and start to take care of it. When it is weaned from its dam at 6 months, you must board it at an equestrian center. Foaling is the only action that can occur after midnight in the horse's history.