RF-2408 budget
Ibadan Main FarmcompletedBudget locked (batch closed)
- Expected revenue Projected
- ₦34,580,000
- RevenueRealized
- ₦36,177,450
Scenarios
| 5,000 chicks at ₦1,150 | Conservative | Expected | Optimistic |
|---|---|---|---|
| Assumptions | |||
| Mortality | 8.0% | 5.0% | 3.5% |
| Sale weight | 2.30 kg | 2.60 kg | 2.80 kg |
| Selling price / kg | ₦2,800 | ₦2,800 | ₦3,050 |
| Feed / bird placed | 4.5 kg | 4.4 kg | 4.3 kg |
| Feed cost / kg | ₦950 | ₦920 | ₦900 |
| Medication | ₦320,000 | ₦260,000 | ₦240,000 |
| Labour | ₦680,000 | ₦630,000 | ₦630,000 |
| Other costs | ₦650,000 | ₦560,000 | ₦520,000 |
| Forecast Projected | |||
| Birds sold | 4,600 | 4,750 | 4,825 |
| Saleable kg | 10,580 kg | 12,350 kg | 13,510 kg |
| Revenue | ₦29,624,000 | ₦34,580,000 | ₦41,205,500 |
| Total cost | ₦28,775,000 | ₦27,440,000 | ₦26,490,000 |
| Profit | ₦849,000 | ₦7,140,000 | ₦14,715,500 |
| Margin | 2.9% | 20.6% | 35.7% |
| Break-even price / kg | ₦2,720 | ₦2,222 | ₦1,961 |
Budget vs actual
Actual = attributable cost to date: direct batch expenses plus feed consumed (feed purchases are not counted).
| Cost line | Budget (expected) Projected | Actual | Variance | Used |
|---|---|---|---|---|
| Chicks | ₦5,750,000 | ₦5,750,000 | ₦0 | 100% |
| Feed (consumed) | ₦20,240,000 | ₦18,813,687 | −₦1,426,313 under | 93% |
| Medication | ₦260,000 | ₦242,500 | −₦17,500 under | 93% |
| Labour | ₦630,000 | ₦840,000 | +₦210,000 over | 133% |
| Other | ₦560,000 | ₦883,000 | +₦323,000 over | 158% |
| Total | ₦27,440,000 | ₦26,529,187 | −₦910,813 under | 97% |