Marlin Processing 12 April Batch 11

7/27/2019 Marlin Processing 12 April Batch 11

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Fish Processing ChartDATE 12 April Batch No.11

Species MarlinNo. of fish (H&G) 4Total Purchased Weight 239.62

$ / Kilo $3.00Cost (weight x $) $718.86

Processing 1. (Filleting)Weight: Weight (Kg)

1. Loins 89.02. Head 0.003. Belly 14.904. Bones and dark meat 42.78

5. Fillets 42.676. Skin and Guts 31.307. Nakaochi (Scraping from Frame) 18.90

Total Processed Weight 239.51Difference between total wt. and processed wt.(Drip Loss) 0.11Yield of loins % to total weight 37.1%Weight of loin used for smoking 89.0

Weight of loin remaining 0.0

Smoked loaf weight 78.3

Yield of loaf 32.7%Initial weight used to create Wt for processing (Calculate) 151.8Weight of loaf for slicing 1 49.6

Smoked Sliced weight 43.0

Yield of sliced weight 28.3%No. of 500g boards 86.0Wt of fish on 500g boards Kg 43.0Smoked Trim 6.5

Smoked loaf weight remaining 28.72Initial weight used to create Wt for processing (Calculate) 69.1Weight of loaf for slicing 2 22.6


Yield of sliced weight 28.2%No. of 500g boards 39.0Wt of fish on 500g boards Kg 19.5

Smoked Trim 3.0

Smoked loaf weight remaining 6.1Initial weight used to create wt for processing (Calculate) 19.6

Weight of loaf for slicing 3 6.4


Yield of sliced weight 28.1%

No. of 500g boards 11.0

Wt of fish on 500g boards Kg 5.5

Smoked Trim 0.914

Total No. of 500g boards 136

Total smoked sliced weight Kg 68

Final Yield 28.38%


2/13

Cost of Raw Product F$/Kg

Marlin $3.00

Marlin Cost Variation during Processing

Weight (Kgs) Yield Cost

Raw Weight 239.6 100.00% $3.00Loin weight 89.0 37.13% $8.08Loaf weight 78.3 32.69% $9.18Sliced product weight 68.0 28.38% $10.57


3/13

Weight and yield of smoked Marlin processing,

Weight (Kgs) YieldRaw Weight 239.62 100.00%

loin weight 88.96 37.13%loaf weight 78.34 32.69%Weight of sliced product 68 28.38%


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Fixed Costs

Office supplies $200

Cost of Labour $3,276Repairs $250Rent $650Insurance $300Telephone $200Electricity $700Vehicle $300

Accounting $200General $200

Total Fixed Costs $6,276.00

Fixed Cost, Loin / Kg $2.09Fixed Cost, Smoked / Marinated $3.14Fixed Cost Chili Jerky $6.28

PRODUCTION / MONTH

Production / month Fresh Fillets $3,000

Production / month Smoked Marinated $2,000Production / month Chili jerky $1,000

This cost is the total fixedcosts divided by monthlythroughput of processedloaves. We have three figureshere as each process (loining,marinating and Chili) is morecomplex and we feel requires

more "fixed cost" allocation


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Cost of ShippingCARTONS Weight Kg Cost

Master Carton 1.5 $3.50polystyrene sheets 2.13 $12.00Inner Carton $5.0015 kg polystyrene ctn $12.00BOARDS

16 oz / 500 G 0.058POUCHES

16 oz 500 G 0.018

PRODUCT SPECS

25 x 500 g sliced goes into inner carton 25 2 inners per master 25kg loaf per carton 25

Sliced FREIGHT CALCULATIONS For 1 Master

Number of boards master carton 50

Sliced product weight 500 g (50 boards) Kg 25.0 Amount of product to be shipped 100.00 kgBoards (50 boards) 2.9 Number of master ctns needed 4.00pouches (50 pouches) 0.9 Packaging weight 23.71 kgMaster Carton 2.1 Product weight in kg 100.00 kg2 inner cartons 0.0 Total gross shipping weight 123.71 kgTotal packaging wgt per carton kg 5.9 for +100kg including .30 fuel surc $5.30

Product wgt kg 25.0 F$ $655.67 Freight

% weight of packaging 24% Customs $0.00

Product & packaging wgt kg 30.93 Agents charges Flat Surcharge $71.00

Regulatory authorities $0.00

Security Charge, Insurance levy $22.00

Transhipment Charge $35.00

Local transport $100.00

Local labour and ice $100.00

Cartons required

4.00 Cost of shipping $983.67

4 Cost of shipping / kilo $9.84

Do not forget to adjustthis number to suitfigure above.


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Production Costs

Cost of Production Comments

Freezer Pouch $0.05Brining (Salt) $0.05Smoking and Drying $0.50Chemicals $0.05Clothing, hardware such as knives $0.07Laundry $0.10Total $0.82

These items are the ones that are used in the day to day operation ofthe factory. The same amount of laundry and cleaning chemicals areused no matter what the throughput as the factory has to be cleanedthe same way every day. Slight cost variations can occur withconsumables and operation. The smoking and drying electricalelement is in addition to fixed cost electricity to cover possibility ofhuge orders.


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8/13

Packaging Costs

500g sliced packageMade up of the following

Board Cost $0.64Pouch cost $0.70

Add 50% for wastage to give total $1.69

Cost of Packaging for 1 kg $3.38

Smoked Fish Export Carton Cost

Outer Carton $3.50

Inner Carton $5.00poly inserts $12.00

Total $20.50

42KG CartonCost

60 M. Plastic on a roll:Thin Plastic $27.50/roll, 2 m $0.92

Thick Plastic $59.30/roll, 2.65 m $2.62Waxed Carton $13.00Newprint $2/kg $1.00

Tape 97.20/72rolls ctn, 3ctn/roll $0.45

Gel Ice 10 @ .30 $3.00Total cost / carton $20.99

Packaging Costs500g sliced package $1.69Loaf pouch & label $0.85Board + Small label $0.98

This cost is used in the pricingworksheet calculation for theouter packaging shipping carton

This cost is used in the pricingworksheet calculation for thecost of product packaging

This carton is usedfor shipping looseloads. The totalweight of a looseload carton shouldnot exceed 50kg.


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Cost of Labour

Position Wage / month Comments

Manager 1,040.00Staff supervisor 520.00Recorder 433.33Production staff 346.67

Production staff 346.67Production staff 346.67

3,033.34

FNPF 242.67

Total 3,276.00

The cost of labour has been allocated to the fixed cost category as usually the staff in asmall factory are full time employees doing a plethora of jobs not all associated withproduction.

Weekly wage x 52 (weeks) Divided by 12(months) .This can also be:Hourly wage x 8(hours) x 5 (days) x 52(weeks) Divided by 12 (months)


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11/13

Income from Processing Cold Smoked Marlin (Export)

Yield (Sliced) 28.38% Final Sliced Yield

Cost of Raw product (F$/kg) $3.00Cost of Sliced product per kg $10.57 Cost of raw product divided by yield of sliced productCost of Production $0.82 Refer to 'Cost of Production' worksheetCost of Shipping $9.84 Refer to 'cost of shipping' worksheetFixed costs $3.14 Refer to 'Fixed Cost" worksheetCost of Outer Packaging Shipping carton $0.82 Total Carton cost / wt of product in cartonCost of Product Packaging $3.38 Refer to'Cost of Packaging' worksheetLocal transport $0.50 $100 / trip @200kg / tripTotal $29.07Mark-up (flat $5) $7.75

Total cost of packaged product in carton $36.82Exchange rate US$ / Fiji $ $0.60Price in US$ / 500g board $11.04Price for 500g board $F $18.41Price per kilo of packaged product $36.82Total Number of 500g boards produced 136.0Income $2,503.50Cost of raw product $718.86

Profit / loss $527.00

Income has cost of fishand processing costsubtracted to give return

Income is total number ofpouches produced multipliedby selling price of the board.

Outer carton 3.50Inner carton 5.00

Poly Insert $12.00Total $20.50


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Income from Processing Cold Smoked Marlin (Local)

Yield (Sliced) 28.38% Final Sliced Yield

Cost of Raw product (F$/kg) $3.00Cost of Sliced product $10.57 Cost of raw product divided by yield of sliced productCost of Production $0.82 Refer to 'Cost of Production' worksheetCost of Shipping $0.00 Refer to 'Freight' worksheet

Fixed costs $3.14 Refer to 'Fixed Cost" worksheetCost of Outer Packaging) Shipping carton $0.82 Total Carton cost / wt of product in cartonCost of Product Packaging $3.38 Refer to'Cost of Packaging' worksheetLocal transport $0.50 $100 / trip @ 200kg / tripTotal cost of producing packed product $19.23

Mark-up $7.75Charge out price $F / Kg $26.98Selling price for 500g board $13.49

Total number of 500g boards produced 136.0Income $1,834.60Cost of raw product $718.86

Profit / loss $527.00

This is Actual cost ofselling 500g board.

Outer carton 3.50Inner carton 5.00Poly Insert $12.00Total $20.50

25 kg of product incarton


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BUDGET

Cash FlowUnit JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC Total

SalesLoins Yield 28%

Marlin Smoked sliced 500g Processed fish - Hawaii Kg 700 25,771 25,771 25,771 25,771 25,771 25,771 25,771 25,771 25,771 25,771 25,771 25,771 309,256

Total Processing Sales 25,771 25,771 25,771 25,771 25,771 25,771 25,771 25,771 25,771 25,771 25,771 25,771 309,256

Less: Cost of salesPurchases

Whole fish weight 2467 $3.00 7,400 7,400 7,400 7,400 7,400 7,400 7,400 7,400 7,400 7,400 7,400 7,400 88,800Gross profit/(loss)

(as a % of sales)

Direct costs

Electricity Actual use in small factory 700 700 700 700 700 700 700 700 700 700 700 700 8,400Motor Vehicle - Fuel, oil & gas 200/month 1 trip a week 300 300 300 300 300 300 300 300 300 300 300 300 3,600

Fiji National Provident Fund Inc in wage formula -Fiji National Training Council % of wages 33 33 33 33 33 33 33 33 33 33 33 33 393Freight & cartage Link 6,886 6,886 6,886 6,886 6,886 6,886 6,886 6,886 6,886 6,886 6,886 6,886 82,629Ice estimate 200 200 200 200 200 200 200 200 200 200 200 200 200 2,400Plastic bags Local estimate 25 25 25 25 25 25 25 25 25 25 25 25 25 300Pouch & Board Imported Link - - - - - - - - - - - - -Outer Packaging cost Link 574 574 574 574 574 574 574 574 574 574 574 574 6,888Wages Link 3,276 3,276 3,276 3,276 3,276 3,276 3,276 3,276 3,276 3,276 3,276 3,276 39,312Factory Supplies 100 per month 100 100 100 100 100 100 100 100 100 100 100 100 100 1,200Travel / Promotion 500 / month 500 500 500 500 500 500 500 500 500 500 500 500 500 6,000Repair and Maintanence 200 / month 250 250 250 250 250 250 250 250 250 250 250 250 3,000Rent 650 650 650 650 650 650 650 650 650 650 650 650 7,800Office supplies 200 200 200 200 200 200 200 200 200 200 200 200 2,400Telephone 200 200 200 200 200 200 200 200 200 200 200 200 2,400Cost of Production Cleaning. Chemicals, laundry 574 574 574 574 574 574 574 574 574 574 574 574 6,888Transport local Twice a week 60$/trip 120 480 480 480 480 480 480 480 480 480 480 480 480 5,760Water estimate 100 100 100 100 100 100 100 100 100 100 100 100 100 1,200Training estimate 100 100 100 100 100 100 100 100 100 100 100 100 100 1,200Total direct costs 22,548 22,548 22,548 22,548 22,548 22,548 22,548 22,548 22,548 22,548 22,548 22,548 181,770

Processing profit/(loss) 3,224 3,224 3,224 3,224 3,224 3,224 3,224 3,224 3,224 3,224 3,224 3,224 38,686

Additional Items

Interest Payments Actual 0 0 0 0 0 0 0 0 0 0 0 0 0 0Principal Repayments Actual 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Fill in cellswith this

BUDGET Page 13

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Marlin Processing 12 April Batch 11