Page 316 - Proceeding The 2nd International Seminar of Science and Technology : Accelerating Sustainable Innovation Towards Society 5.0

nd
he 2 International Seminar of Science and Technology
“Accelerating Sustainable innovation towards Society 5.0”
ISST 2022 FST UT 2022
Universitas Terbuka

2.2.5 Farming profit
Profit is the difference between revenue and production costs.
II = TR – TC
= 450.000 – 199.320
= 250.680
2.2.6 RC/ratio
R/C Ratio is an analysis used to determine the relative advantage of
farming. The R/C Ratio can be searched by using a comparison
between revenue and production costs incurred. The R/C ratio is a
feasibility analysis, which is an assessment of the extent to which the
benefits derived from a business activity are intended as a business
consideration that can be continued or not.
R/C ratio = revenue (revenue)
Cost (total cost)
= 450.000
199.320
= 2,257

So, the RC/ratio obtained is 2.2.
If the R/C Ratio > 1, the revenue received is greater than the
costs incurred, meaning that the business is feasible to
continue running.
2.2.7 Average farm income
In one production, it requires a period of seedling to transplanting until
it is time to harvest approximately 40 days. And the farm income
earned is IDR 450.000. Thus, the average farm income is:
m = farm revenue
planting period
= 450,000
40
= 11.250
So, the average daily farm income is IDR 11.250.

286 ISST 2022 – FST Universitas Terbuka, Indonesia
International Seminar of Science and Technology “Accelerating Sustainable
Towards Society 5.0