Abstract

This study compares the gap between total revenue and total costs to ascertain the benefits received by songket weaving producers in Pekanbaru City. 13 songket weaving industrial units in the city of Pekanbaru made up the total number of samples used in this study, which used the census technique to draw samples from the entire population. The quantitative descriptive analysis method used in this study was based on primary sources..The results of the research and data processing found that the lowest producer total production costs were Rp3,709,000/month and the highest is Rp.42,492,000/month, the total revenue earned for all songket weaving industry producers in Pekanbaru City is the lowest at Rp.5,200,000/month and the highest at Rp.49,400,000/month. So that the net income (profit) obtained for all songket weaving industries in Pekanbaru City is the lowest at Rp.1,491,000/month and the highest is Rp.19,253,000/month. The efficiency value of the 13 songket weaving industry units in Pekanbaru City also shows a value which illustrates that the industry is feasible to run because it gets a value of > 1. The total costs, total revenues, profits, and efficiency values are taken from two different producers by comparing the lowest and highest amounts. According to the study's findings, Pekanbaru City's songket weaving sector generates more money overall than it spends on production, making it a remarkably profitable enterprise.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.