Application of Costing Techniques in Ornamental Fish Culture

Journal Title: Journal of Scientific Research and Reports - Year 2017, Vol 14, Issue 6

Abstract

Indian fisheries resources need to be properly utilized for more foreign exchange earnings and for upgrading livelihood of ornamental fish farmers and entrepreneurs. Madurai district was purposively chosen as it is marked as an ornamental hub in South Tamil Nadu and offers a huge market for many goods and services including aquarium fishes. The primary data was collected from a random sample of 22 ornamental fish farmers using a pre-tested survey schedule during the year 2002-2003 with an objective of estimating the economics of ornamental fish culture by cost-plus method in Madurai district. The selected farms were classified into leased (0.37 ha) and non-leased (7.395 ha) farm units. The estimated total variable cost was Rs. 68,42,934 and the total fixed cost was Rs. 18,78,496 constituting total cost of Rs. 87,21,430. Apportioned total cost and total variable cost were used for computing mark-up and net returns for ornamental fishes produced in Madurai district. The estimated total returns and net returns were Rs. 1,11,02,500 and Rs. 23,81,070, respectively. The Benefit Cost Ratio on total cost and total variable cost bases were found as1.27 and 1.62, respectively. Cost function was estimated on both total cost and total variable cost bases. The ornamental fishes which showed higher marginal cost were marked-up to 25% and 50% and the results were recorded.

Authors and Affiliations

T. Umamaheswari, R. Jayaraman, N. Felix

Keywords

Related Articles

A Study on Trends and Variability in Monthly Temperatures in Antalya Province between the Years 1960 and 2015

The purpose of this study is to measure statistically the change in the monthly mean temperatures within the boundaries of Antalya province between the years 1960 and 2015. For this purpose, temperature observation value...

The Control and Possible Eradication of HIV/AIDS Using Electromagnetic (EM) Radiation

Some waves in nature behave parasitically when they interfere with another one. Such waves as the name implies have the ability of transforming the initial characteristics and behavior of the host wave to its own form an...

The Case Study on Cubes Compressive Strength Variations for Different Water Sources in Dares Salaam City, Tanzania

In this study the concrete compressive strength variations for different water sources in Dares Salaam city is presented. Concrete cubes were casted and cured for 7, 14 and 28 days using public fresh water and water samp...

Length Functions and HNN Groups

The concept of length functions on groups is first introduced by Lyndon. This is used to give direct proofs of many other results in combinatorial group theory. Two important sets called M and N satisfying some certain...

Manuel High-Frequency-Ventilation during Sleeve Pneumonectomy

Aims: Sleeve pneumonectomy is an operation that requires careful perioperative management of anesthesia. Presentation of Case: A case diagnosed with a mass in the right main bronchus was presented in this article. He was...

Download PDF file
  • EP ID EP326638
  • DOI 10.9734/JSRR/2017/33739
  • Views 107
  • Downloads 0

How To Cite

T. Umamaheswari, R. Jayaraman, N. Felix (2017). Application of Costing Techniques in Ornamental Fish Culture. Journal of Scientific Research and Reports, 14(6), 1-10. https://www.europub.co.uk/articles/-A-326638