The study of cost and financial return on the production of hemp fabric weaving by the Ban Mai Yod Kiri Community Enterprise Group, Phop Phra District, Tak Province.

Abstract

The objectives of this research were: (1) To study the cost and financial return of hemp fabric production of the Ban Mai Yod Khiri Community Enterprise Group, Phop Phra District, Tak Province; and (2) To propose guidelines for cost control in the hemp fabric production of the Ban Mai Yod Khiri Community Enterprise Group, Phop Phra District, Tak Province. This research employed a quantitative approach. The research instrument used was a structured interview form. The population and sample group consisted of members of the Ban Mai Yod Khiri Community Enterprise Group, including the group leader, hemp fabric producers, and members — a total of 12 people. Data were analyzed using descriptive statistics, including percentage, cost, revenue, profit and loss, profit margin ratio, payback period, and return-on-cost analysis.

The results of the study revealed that: (1) The total cost of hemp fabric production was 58,465 baht, most of which was direct material cost amounting to 48,750 baht, accounting for 83.38% of the total cost. The cost per piece was 3,898 baht. In comparison, the total cost of cotton fabric production was 13,465 baht, mainly from labor cost for pattern drawing totaling 8,925 baht, representing 66.28% of the total cost, with a cost per piece of 898 baht. (2) The analysis of financial returns showed that the monthly profit from hemp fabric sales was 2,352 baht, while that from cotton fabric sales was 1,510 baht. The profit margin ratio for hemp fabric was 37.63%, and for cotton fabric 25.17%. The payback period for cotton fabric was 3 months, and for hemp fabric 10 months. The return-on-cost ratio was 1.60 for hemp fabric and 1.34 for cotton fabric. These findings indicate that the production and sale of batik fabrics generate relatively high returns and a quick payback period. ...