6 - 



"Converting the Data to Economic Terms" 



The next step in the analysis is to convert these data to 

 economic terms. This involves putting prices or values on each of 

 the factors. Below is a table with assumed prices for each factor 

 and the computation of the added or reduced costs. 



Factor 



Unit Value 



No. of 

 Units 



Total Cost 



Spray Materials 

 Tractor ^ Sprayer Time 

 Labor Time 

 Damaged Fruit 



"The Partial Budget and Profitability Determination" 



The final step is to compile the economic data in the partial 

 budget. The usual format for the partial budget is as follows: 



