The mean annual cost of inputs and output
in palm oil processing is shown in Table 1. The total
cost of palm oil processing was N1, 477,095.16. The
total fixed cost which was N624, 548.13 represented
42% and the total variable cost was
Benefit-Cost Ratio (BCR=TR/TC). As
revealed in Table 2, this ratio is high (1.29), this
shows an increase in returns. It indicates that the
enterprise is profitable. It is probable that with
increased capital, improved technology and skilled
labour, this ratio will increase.