The total fixed cost consists of depreciation of farming tools or equipments, land tax, management fee, etc. Total variable cost include fertilizer and pesticide costs, loan repayment, and institutional fee based on production volume.
To compare and analyze farm profit (income) and other measurement differences between the dry and wet land oil palm plantations, we used two mean-value test with the standard formulas depends on whether the first group and the second group showing the same or different variances (Huntsberger et al,1980). We also used benefit to cost ratio analysis in order to compare money value gain on each rupiah spent for financing the farm operations at the two areas
The total fixed cost consists of depreciation of farming tools or equipments, land tax, management fee, etc. Total variable cost include fertilizer and pesticide costs, loan repayment, and institutional fee based on production volume.To compare and analyze farm profit (income) and other measurement differences between the dry and wet land oil palm plantations, we used two mean-value test with the standard formulas depends on whether the first group and the second group showing the same or different variances (Huntsberger et al,1980). We also used benefit to cost ratio analysis in order to compare money value gain on each rupiah spent for financing the farm operations at the two areas
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