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Draw up a five-day production record.

Economics

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Here are the record-keeping procedures for your farm:

  1. Draw up a five-day production record.

    This table shows a hypothetical five-day production record for an egg-laying farm.

    Production PeriodProduction UnitNumber of Production ElementsUnits Produced (Eggs)Day 1Layer House 11000 chickens900 eggsDay 2Layer House 11000 chickens910 eggsDay 3Layer House 11000 chickens895 eggsDay 4Layer House 11000 chickens905 eggsDay 5Layer House 11000 chickens915 eggs\begin{array}{|l|l|l|l|} \hline \textbf{Production Period} & \textbf{Production Unit} & \textbf{Number of Production Elements} & \textbf{Units Produced (Eggs)} \\ \hline \text{Day 1} & \text{Layer House 1} & \text{1000 chickens} & \text{900 eggs} \\ \text{Day 2} & \text{Layer House 1} & \text{1000 chickens} & \text{910 eggs} \\ \text{Day 3} & \text{Layer House 1} & \text{1000 chickens} & \text{895 eggs} \\ \text{Day 4} & \text{Layer House 1} & \text{1000 chickens} & \text{905 eggs} \\ \text{Day 5} & \text{Layer House 1} & \text{1000 chickens} & \text{915 eggs} \\ \hline \end{array}
  2. Draw up an expenditure record for a full year.

    This table outlines hypothetical annual expenditures for various items on a farm.

    Expenditure ItemAnnual Expenditure (Currency Units)Monthly repayment (loan)12,000Salaries and wages60,000Repairs and maintenance5,000Packing materials3,000Insecticides1,000Feed40,000Insurance2,500Marketing4,000Office supplies and telephone1,500Petrol6,000\begin{array}{|l|l|} \hline \textbf{Expenditure Item} & \textbf{Annual Expenditure (Currency Units)} \\ \hline \text{Monthly repayment (loan)} & 12,000 \\ \text{Salaries and wages} & 60,000 \\ \text{Repairs and maintenance} & 5,000 \\ \text{Packing materials} & 3,000 \\ \text{Insecticides} & 1,000 \\ \text{Feed} & 40,000 \\ \text{Insurance} & 2,500 \\ \text{Marketing} & 4,000 \\ \text{Office supplies and telephone} & 1,500 \\ \text{Petrol} & 6,000 \\ \hline \end{array}
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