Compute the income earned from marketed products (Gross Sale-Expenses- Net Income)
in determining the income earned from the animals sold, we need to use the formula:
Profit/Gain = Total Income - Total Expenses
Given:
Number of piglets bought-15 piglets at Php 2,500/piglet
Cost of feeds - Php 1.250.00/head/month
Length of Animal Raising Project - 4 months
Selling Costs - 90 kg/head at Php 200.00/kg
Computation:
Total Income
= 90kg/head (Php 120.00)/kg (15 heads)
= Php
= Cost of piglets + Cost of Feeds + Cost of Labor
(Php 2,500.00/piglet) x (15 heads)
= Php -
Total Expenses
Cost of Piglets
Cost of Feeds
= (Php 1,250.00/head/month) Ⓡ (15 piglets) x (4 months)
= Php
+ Php
Total Expenses = Php
= Php
Profit/Gain
= Php
= Php
= Php
in 4 months
a month
With the assumption that labor is free since work done by members of the family.​