Conversation with Merlin [email protected] · Sun Dec 03 2023

A person brought 50 sheep. He pays lorry charges of rs 40 and spend rs 1.20 per sheep for upkeep. By selling 60% of them at rs 201 each and the remaining at rs 171 each, he realized a profit of 20%. Find the purchased cost per sheep.

To find the purchase cost per sheep, we first need to figure out the total cost and the total revenue. Then we can calculate the purchase cost per sheep based on the given profit percentage.

Let's calculate the revenue from selling the sheep first:

He sold 60% of 50 sheep at Rs 201 each: 60% of50 is 0.6 * 50 = 30 sheep. Revenue from these30 sheep = 30 * Rs 201 = Rs 6030.

He sold remaining 40% at Rs 171 each: 40% of 50 is 0.4 * 50 20 sheep. Revenue from these 20 sheep = 20 * Rs 171 = Rs 3420.

Total from selling all sheep = Rs 6030 + Rs 3420 = Rs 0.

Now let's calculate the total cost:

Lorry charges = Rs 40.

The upkeep for each sheep is Rs 1.20 for 50 sheep the total upkeep cost would be: Total upkeep cost = 50 Rs 1.20 = Rs 60.

This means the total cost (TC) also includes the cost of purchasing the sheep ( we'll call the purchase cost, PC): TC = PC + Rs40 (Lorry charges) + Rs 60 (Upkeep).

Given that he realized profit of 20%, we can say that the total revenueTR) is 120% of the total cost: TR = * 120%, 9450 = TC * 1.2, TC = Rs 945 / 1.2, TC = Rs 7875.

This is the total cost including the purchase cost, lorry charges, and upkeep. Now we need to find just the purchase cost: PC = TC - (Lorry charges + Upkeep), PC = Rs 787 - (Rs 40 + Rs 60), PC = Rs 7875 - 100, PC = Rs 7775.

Now we have the purchase cost for 50 sheep, so to find the purchase cost per: Purchase Cost per sheep = PC / Number of sheep, Cost per sheep = Rs 7775 / 50, Purchase Cost per sheep = Rs 155.50.

Therefore, the purchase cost sheep is Rs155.50.

ArticlePDF AvailableAbstractThe objective of this study was to develop a model for calculation and analysis of production costs of lamb and, from that, to elaborate a production cost index. Panel meetings were held in five regions of the state of So Paulo, Brazil, to define technical features of representative properties of lamb production, taken as a basis for the preparation of the cost calculation model. Then the model for production cost calculation was built. The third step consisted of monitoring prices of inputs used, calculating production costs along the studied period, and generating the cost index, by the Laspeyres model. Lastly, questionnaires were applied to sheep producers, to validate the cost index. The model for production cost calculation was planned to be of easy utilization by farmers, and simultaneously faithful to the theoretical principles. The adopted scheme of cost allocation followed the classification of "variable", "fixed operating", and "income of factors". We generated cost indexes for each of the five studied regions, which were then aggregated in a state index, by weighting regional indexes by flock size. More than 97% of the answers to the validation questionnaires were positive, so we considered that the index reached a high level of approval. The application of Economic Theory is essential for the development of cost calculation models. The developed model has potential to generate important information that can help producers to make decisions. It can work in many contexts, and it can even be adapted to other livestock species. The production cost index for lamb was approved and can collaborate with the organization of the sheep agroindustrial system. Discover the world's research25+ million members160+ million publication pages2.3+ billion citationsJoin for freeContent may be subject to copyright. Development of a cost calculation model and cost index for sheep productionCamila Raineri1, Thayla Sara Soares Stivari2, Augusto Hauber Gameiro31 Universidade Federal de Uberlndia, Faculdade de Medicina Veterinria, Uberlndia, MG, Brasil.2 Universidade de So Paulo, Faculdade de Medicina Veterinria e Zootecnia, Programa de Ps-graduao em Produo e Nutrio Animal, Pirassununga, SP, Brasil.3 Universidade de So Paulo, Faculdade de Medicina Veterinria e Zootecnia, Departamento de Nutrio e Produo Animal, Pirassununga, SP, Brasil. ABSTRACT - The objective of this study was to develop a model for calculation and analysis of production costs of lamb and, from that, to elaborate a production cost index. Panel meetings were held in ve regions of the state of So Paulo,Brazil, to dene technical features of representative properties of lamb production, taken as a basis for the preparation of thecost calculation model. Then the model for production cost calculation was built. The third step consisted of monitoring prices of inputs used, calculating production costs along the studied period, and generating the cost index, by the Laspeyres model. Lastly, questionnaires were applied to sheep producers, to validate the cost index. The model for production cost calculation was planned to be of easy utilization by farmers, and simultaneously faithful to the theoretical principles. The adopted scheme of cost allocation followed the classication of variable, xed operating, and income of factors. We generated costindexes for each of the ve studied regions, which were then aggregated in a state index, by weighting regional indexes by ocksize. More than 97% of the answers to the validation questionnaires were positive, so we considered that the index reached a high level of approval. The application of Economic Theory is essential for the development of cost calculation models. The developed model has potential to generate important information that can help producers to make decisions. It can work in many contexts, and it can even be adapted to other livestock species. The production cost index for lamb was approved and can c

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Sheep Farming Project Report, Cost and Profits for Native Breeds: The following information is about cost, profits in sheep farming business and sheep farming project report. Introduction To Sheep Farming: The sheep was originated in the mountains of Iran, Turkestan, and Baluchistan. Mainland china tops the production of sheep followed by Australia. What is sheep farming? Well, it is nothing but raising and breeding of sheep. Sheep farming is one of the lucrative commercial businesses in India as well as other parts of the world. One can obtain decent profits in sheep farming business under ideal conditions. With basic knowledge of sheep farming and sheep farming business plan make you to be successful in the sheep farming project. Sheep can be raised for meat (lamb and mutton), milk, and wool. Sheep manure is also having an excellent demand for growing agricultural crops. Who can start the sheep farming business? Well, anybody who is unemployed or having marginal lands or looking for part time or who wants to set up on a commercial scale. You must be aware of local sheep raising conditions before setting up a sheep farm. Sheep are more prone to seasonal as well as sudden diseases than goats. There are many sheep breeds available to select from. However, some breeds are more suitable for your region than others. Some sheep are suitable for meat and some are for wool. Sheep Farming. Sheep can be raised in temperate climatic conditions, arid zones. Sheep farm needs a secured housing, secured fences, water, feed, transport and pest and disease control. There are many sheep training programs state wide in India to gain information about raising and breeding of sheep. The animal husbandry department is also your point of contact for knowing sheep breeds and other related information. The following sheep article provides the rough project report for sheep farming with local breeds/native breeds. Sheep Farming Project Report Sheep Raising/Rearing Systems: Zero grazing: In this system, sheep are confined to the sheep shed. Semi-Intensive: In this system, sheep will spend half the day in open fields and remaining half day in the sheep shed. External grazing: In this system of raising, sheep is left for external grazing and they return to the sheep shed only in nights for resting. Sheep Farming Project Report Common Sheep Diseases: Blue tongue (BT). PPR (Peste-des-Petits Ruminants). Sheep pox. Tetanus. Orf. Sheep Anthrax. Sheep Farming Project Report Sheep Fodder Crops: Cowpea. Hedge Lucerne. Lucerne. Stylo. Fodder maize. Fodder sorghum/jowar. Hybrid Napier. Blue buffalo grass. Guinea grass. Para Grass. Sheep Farming Project Report Indian Native Sheep Breeds: Nellore Brown. Jopodi. Neelagiri. Bellary. Hasan. Deccani. Kashmir Merino. Mandya. Marwari. Gaddi. Trichy black. Coimbatore. Mecheri. Chennai red. Ramanadhapuram white. Vembur. Kenguri. Keezhakaraisal. Rampur Bushair. Bhakarwal. Poonachi. Karnah. Gurez. Changthangi. Sonadi. Balangir. Shahabadi. Chokla. Bonapala. Ganjam. Garole. Chhotanagpuri. Kilakarsal. Margra. Malpura. Muzaffarnagri. Nali. Patanwadi. Jalauni. Jaisalmeri. Karnah. Pugal. Tibetan. Sheep Farming Project Report- Advantages of Sheep Farming: Sheep Farming Advantages. There are many advantages and benefits of sheep farming. Sheep can be raised for multi-purpose (meat, milk, wool, and manure). Sheep can be easily adapted to the local environment. Sheep do not require much space in the shed. Sheep do not destroy trees like goats. Sheep farming business provides rural employment. Sheep business results in quick returns as they can be sold at the age of 5 to 6 months. In the arid regions, where crop productivity is less, they completely depend on raising sheep. Sheep meat has excellent demand throughout the world and no marketing skills are required. Sheep can be sold at very high prices during festive seasons. Sheep are easily adapted to arid and semi-arid regions. Apart from eating weeds and other small plants in the

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Career DevelopmentWhat Is Cost Unit? (Definition, Calculation and Examples)The success of both product-based and service-based businesses depends on the profits they earn. To find out if their business is profitable, companies often calculate if their production costs are lower than the price of each product unit they sell. By knowing how to use the cost per unit calculation for this purpose, you can adjust product prices and meet your sales goals. In this article, we answer, "What is cost unit?", why it is important, how to calculate it and look at an example of cost unit calculation.What is cost unit?Cost unit, also known as the cost per unit, the cost of goods sold or the cost of sales, is the amount of money that a company invests in manufacturing a single unit of a saleable product. The cost of unit calculation appears in the company's financial statement. It helps the company determine if its production costs are lower than the sales revenue and whether it is profiting from its product sales. Cost per unit calculations are often used by businesses that are dependent on product sales, but service-based companies may also use them.Related: What Is Revenue? Definition, Types, Examples and MoreWhy is cost per unit important?Cost per unit calculation is important because it can inform the company about the efficiency of its business operations. Then, if necessary, it can take appropriate steps to make operational improvements. Cost per unit also helps the company decide what to charge for each product so they can be sure they are making a profit. To be profitable, the company must ensure that its production cost is lower than the price at which it sells it to the customer.Given the importance of cost unit calculations in determining business profits, most companies assign an individual or a team to handle their cost accounting. The designated person or team may consider the different factors that are necessary for calculating the cost per unit and analyse these. They may attempt to find out how they can reduce the overall production costs or at least avoid incurring any increased or additional expenses. By lowering its production costs and not incurring any further expenses, the company can expect to gain more profit.Related: 9 Commonly Accepted Accounting PrinciplesHow to calculate cost per unitYou can calculate cost per unit by taking the following steps:1. Determine your fixed costsThe costs that remain the same over a long period are known as fixed costs. Your unit production does not affect them. Fixed costs do not change if you produce few or more units or if the market demand for your product decreases or increases. Some examples of items that come under fixed cost include the rent you pay for your office space, the cost of buying or renting your equipment, the property tax you pay and the business insurance you get.While fixed costs do not generally change drastically from one production cycle to another, there can be instances in which they increase. That is known as step cost. It can occur when your production requirements increase, and you may have to spend additional money to fulfil the orders. For instance, you might need to rent more warehouse space for storing new product units. In such cases, you must account for the additional expenses by calculating a new fixed cost.Read more: What Is a Cost Accountant? (With Duties, Salary and Skills)2. Identify your variable costsThe expenses that depend on the production output and can change very frequently are variable costs. They may change daily, monthly, quarterly, annually or between production. Variable costs are dependent on the number of units produced and can change when that number changes. To calculate the variable costs of products, you may need to add your labour costs, material costs, utility bills, advertising expenses and any credit card fees.The labour costs can include direct labour costs, such as salaries and benefits paid to employees who work directl

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