GROSS MARGIN FOR ICED BONGA (MEDIUM SIZES) TABLE 5

The results of the analysis of gross margin for iced Bonga (Ethmalosa fimbriata) medium sizes is presented below

Variable cost

Amount

Cost of fish

720,000

Transportation

7,200

Rent

2880

Micelleneous

19,200

Total variable cost

749,280

Gross Revenue

Medium sizes of Bonga (Ethmalosa fimbriata)

1,296,000

Total revenue (TR)

1,296,000

Fixed cost

Knife

500

Table

1,200

Total fixed cost (TFC)

1700

Source: Field survey, December, 2014.

The results obtained from table 6, shows that variable cost was calculated as follows:

Cost of fish for Big size Bonga N1, 008,000 transportation N7680, Rent N2880, Miscellaneous N21,120 and this gives a total variable cost (TVC) of N 1, 039, 680. The result also shows that gross revenue (GR) were calculated as Revenue from selling Big size that Bonga fish as 400. Result from table shows that fixed cost were calculated as cost of knife N500, Cost of table N1,200 and a total fixed cost (TFC) as N1700.

The result obtained from the total variable cost (TVC) and Total Revenue (TR) were used to calculate gross margin (GM) as: Total Revenue (TR) N1,498, 400 minus total variable cost (TVC) N1,039, 6801 which gives (458, 720) profit (π) were calculated thus: gross margin (N458,720) minus total fixed cost (TFC) (N 1700) which gives N457 020.

Therefore, the result obtain from table 6 shows that, the net profit (π) for selling iced Big sized Bonga fish (Ethmalosa fimbriata) gives N457,020

THE GROSS MARGIN FOR SMOKED BONGA (Ethmalosa fimbriata) TABLE 7

The result of the analysis of gross margin for smoked Bonga (Ethmalosa fimbriata) is presented below.

Variable cost

Amount

Cost of fish

940,800

Transportation

4,800

Rent

2880

Firewood

9,600

Miscellaneous

33,600

Total variable cost (TVC)

991, 680

Gross Revenue

Revenue for selling

1.497 600

Smoked Bonga fish

Total Revenue (TR)

1.497,600

Fixed cost

Smoking kiln

1300

Knife

900

Total Revenue (TR)

2200

Source: field survey, December 2014.

The result obtained from table 7, shows the variable costs calculated as follows cost of fish N940, 800, Transportation, N4,800, Rent N2,880, Firewood N9, 600, miscellaneous N33, 600, and these gives a total variable cost (TVC) of N991,680. The result shows also the gross revenue were computed for smoked Bonga fish as revenue from selling Bonga N1.497, 600 and total Revenue (TR) as N1,497.600 followed by the results from fixed cost calculated as cost of smoking kiln N1,300 and cost of knife as N900. This gives a total fixed cost (TFC) as N2, 200.

The result gotten from the total variable cost (TVC) and Total Revenue (TR) were used to compute gross margin (GM) as: Total Revenue N1,497,600 minus total fixed cost (TVC) N 991,680 which gives (505, 920). Profit (π) were computed thus: gross margin (Gm) N505,920 minus total fixed cost (TFC) N2,200 which N503, 720.

Therefore, result obtained from table 7 shows that, the net profit (π) for selling smoked Bonga fish (Ethmalosa fimbriata) gives N503,720

THE GROSS MARGIN FOR DRIED BONGA (Ethmalosa fimbriata) TABLE 8.

The result of this analysis of gross margin for dried Bonga (Ethmalosa fimbriata) is presented below.

Variable cost

Amounts

Cost of fish

960,000

Transportation

28,800

Rent

1440

Miscellaneous

46,800

Total variable cost (TVC)

1,037,040

Gross Revenue

Revenue for selling

1,680, 000

Dried Bonga fish

Total revenue (TR)

1,680, 000

Fixed cost

Spread tapolane

2,000

Oil

3,000

Polish Brush

800

Bags

2,000

Total fixed cost (TFC)

8,300

Source field survey, December 2014.

The result from table 8, shows that variable costs were calculated as follows: cost of fish N960, 000, Transportation N28, 000, Rent N1440, and miscellaneous N48, 800 and these gives a total variable cost (TVC) of N1, 037,040. The result also shows that gross revenue were calculated as revenue from the sales of dried Bonga as N1,680,000 and this gives a total revenue (TR) of N1,037,040. The result from table 8 shows fixed cost as spread tapolene N2000, oil N3000, Polish Brush N800 and Bags N2, 500 and gives a total fixed cost (TFC) N8, 300. The results obtained from the total variable cost TVC and Total Revenue were used to compute gross margins as: total Revenue (TR) N1, 650,000 minus total variable cost (TVC) as N1,037,040 as N 642,960, profit (π) were calculated as (GM) N642, 960 minus total fixed cost TFC N8,300 gives N634,660. Therefore, the results obtained shows net profit (π) as N634, 660.

THE GROSS MARGIN FOR ICED SCOMBER (Scomber japonctactus) BIG SIZE TABLE 9)

The result of the analysis of gross margin for iced scomber (Scomber japontactus) Big Scomber is presented below.

Variable cost

Amount

Cost of fish

979,200

Transportation

19,200

Rent

5,760

Miscellaneous

27,840

Total variable cost (TVC)

1,032,000

GROSS REVENUE

Revenue for selling scomber

1,440,000

Total revenue (TR)

1,440,00

Fixed cost

2000

Table bag

1,100

Knife

500

Total fixed cost (TFC)

3,600

Source: field survey, December 2014.

The result from table 9, shows that variable cost were computed as follows: cost of fish N979, 200 Transportation N19, 200, Rent N5, 760, and miscellaneous N27, 840 and a total variable cost (TVC) as N1, 032,000. The result shows also that gross Revenue (Gm) were computed as revenue from selling Big size scomber (Scomber Japonctatus ) and its total Revenue (TR) as N1440,000 and result from fixed cost were computed as cost of Bags as N2000, cost of knife N500 and cost of table as N1,100 which gives a total fixed cost (TFC) as N3600. From the result above, gross margin (GM) were computed as follows: total Revenue (TR) N1, 440, 00 minus total variable cost (TVC) N1, 032,000 as 405,000. Profit (π) was computed as follows (Gm) Gross Margin N408,00 m.N3600 which gives (404,400).