RF-2409 budget
Ibadan Main FarmcompletedBudget locked (batch closed)
- Expected revenue Projected
- ₦27,664,000
- RevenueRealized
- ₦26,585,475
Scenarios
| 4,000 chicks at ₦1,180 | 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 | 3,680 | 3,800 | 3,860 |
| Saleable kg | 8,464 kg | 9,880 kg | 10,808 kg |
| Revenue | ₦23,699,200 | ₦27,664,000 | ₦32,964,400 |
| Total cost | ₦23,470,000 | ₦22,362,000 | ₦21,590,000 |
| Profit | ₦229,200 | ₦5,302,000 | ₦11,374,400 |
| Margin | 1.0% | 19.2% | 34.5% |
| Break-even price / kg | ₦2,773 | ₦2,263 | ₦1,998 |
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 | ₦4,720,000 | ₦4,720,000 | ₦0 | 100% |
| Feed (consumed) | ₦16,192,000 | ₦15,093,852 | −₦1,098,148 under | 93% |
| Medication | ₦260,000 | ₦194,000 | −₦66,000 under | 75% |
| Labour | ₦630,000 | ₦840,000 | +₦210,000 over | 133% |
| Other | ₦560,000 | ₦779,000 | +₦219,000 over | 139% |
| Total | ₦22,362,000 | ₦21,626,852 | −₦735,148 under | 97% |