Normal Capacity

Working hours per day 8

Multiply to Minutes per hour 60
Less: Raw materials quality inspection per day (30
mins) 60
Working Break (30 mins)
Total working hours 420
Divided by: Required minutes per Construction Phas
Extraction of Akapulco Leaves (25 mins)

Mixing of the Ingredients (10 mins.) 70

Packaging (25) mins.

Machineries Inspection (10 mins.)
Total No. of Batch 5
Multiplied by: Capacity of machine per batch 50
ToTotal Number of Akapulco Face and Body
250
Scrub per day
Multiplied by: No. of working days in a year 296
ToTotal Number of Akapulco Face and Body
74,000
Scrub per day

Projected number
Year
of household
2020 118,663
2021 120,490
2022 122,346
2023 124,230
2024 126,143
 Maximum Capacity
8
60

60

420

70

5
50
250
365
91,250

% of household willing Projected

to buy demand
86.38% 102,501
86.38% 104,079
86.38% 105,682
86.38% 107,310
86.38% 108,962
 Direct Materials
Items Cost per uniAnnual Cost Cost per unit
Akapulco Leaves ₱ 22.45 ###

Sugar 2.00 148,000.00

₱60.29
Shea Butter 10.00 740,000.00
Coconut Soap Base 15.00 1,480,000.00
Essential Oil 5.83 432,160.00
Total Direct Materials 4,461,460.00

Direct Labor
Employees Monthly Annual Cost Cost per unit

Production Worker 1 7,676.10 92,113.20

Production Worker 2 7,676.10 92,113.20
₱4.98
Production Worker 3
7,676.10 92,113.20
Production Worker 4 7,676.10 92,113.20

Total Direct Labor 368,452.80

Factory Overhead
Factory Overhead Cost Cost per unit

Indirect Materials used 0.00

Indirect Labor 111,150.00
Factory supplies 8,594.00
EC-Contributions 0.00
₱3.12
Utilities Expense 60,000.00
Depreciation-Machineries 24,220.00
Depreciation-Furniture and Fixture 862.86
13th Month Pay 25,820.00
Total Factory Overhead 230,646.86
TOTAL PRODUCTION COST PER UNIT ₱ 68.39
Add: Mark up of 66% 45.13
FINAL PRICE ₱ 119.00
 Projected Projected Unsatisfied Normal
YEAR
demand Supply Demand Capacity
2020 1,230,012 1,163,388 66,624 74,000
2021 1,248,948 1,163,388 85,560 74,000
2022 1,268,184 1,163,388 104,796 74,000
2023 1,287,720 1,163,388 124,332 74,000
2024 1,307,544 1,163,388 144,156 74,000

Projected Projected Projected

Percentage
Year Number of Demand (in Demand(in
of demand
Household people) units)
2020 118,663 86.38% 102,501 1,230,013
2021 120,490 86.38% 104,079 1,248,951
2022 122,346 86.38% 105,682 1,268,190
2023 124,230 86.38% 107,310 1,287,718
2024 126,143 86.38% 108,962 1,307,548
Market
Share
5.42%
6.85%
8.26%
9.66%
11.02%
 DIRECT MATERIALS
QUANTITY
CONSUMPTION
ITEMS ON PER DAY PER UNIT COST
Akapulco Leaves 50 packs ₱ 22.45
Sugar 12 kg 2.00
Shea Butter 25 g 10.00
Coconut Soap Base 12 kg 20.00
Essential Oil 200 ml 5.84
Container 250 12.00
Sticker Paper 125 3.00
TOTAL DM

DIR
EMPLOYEES GROSS EARNINGS
SSS
Production Worker 1 8,320.00 340.00
Production Worker 2 8,320.00 340.00
Production Worker 3 8,320.00 340.00
Production Worker 4 8,320.00 340.00
TOTAL ₱ 33,280.00 ₱ 1,360.00

FACTORY OVERHEAD
Indirect Materials Unit Price Quantity
Boxes ₱ 15.00 144
Packaging tape ₱ 50.00 60
Ink ₱ 25.00 12
Ballpen ₱ 50.00 12
Coupon Bond ₱ 152.00 12
Stapler ₱ 80.00 12
Stapler Wire ₱ 39.00 12
Total Indirect Materials

Ind
MONTHLY
EMPLOYEES
EARNINGS
SSS
Production Supervisor ₱ 10,000.00 400.00
Sales Personnel 8,320.00 340.00
Driver 10,000.00 400.00
TOTAL ₱ 28,320.00 ₱ 1,140.00
 FACTORY SUPPLIES UNIT PRICE QUANTITY
Lab Gown 500.00 4
Mask 150.00 12
Gloves 160.00 24
First Aid Kit 310.00 2
Hair Net 334.00 1
Total Factory Supplies

EMPLOYERS CONTRIBUTION- F
DIRECT LABOR SSS PHILHEALTH

Production Worker 1 680.00 137.50

Production Worker 2 680.00 137.50
Production Worker 3 680.00 137.50
Production Worker 4 680.00 137.50
₱ 2,720.00 ₱ 550.00
INDIRECT LABOR
Production Supervisor 800.00 137.50
Driver 600.00 137.50
Sales Personnel 680.00 137.50
₱ 2,080.00 ₱ 412.50
Total Employers Contribution ₱ 4,800.00 ₱ 962.50

UTILITIES EXPENSE MONTHLY COST ANNUAL COST

Electricity - Factory ₱ 4,000.00 ₱ 48,000.00
Water - Factory 1,000.00 ₱ 12,000.00
Total Utilities Expense ₱ 60,000.00

DEPRECIATION EXPENSE
MACHINERIES ANNUALLY
Juice Extractor 1,800.00
Mixing Machine 2,500.00
Packaging Machine 9,000.00
Computer 4,000.00
Printer 920.00
CCTV 6,000.00
Telephone 190.00
Total Depreciation of Machineries ₱ 24,220.00
Furniture and Fixture
Long Table 428.57
Monoblock 148.57
Drawer 285.71
Total Depreciation of furniture and fix ₱ 862.86
Total Depreciation expense ₱ 25,082.86
 13th MONTH PAY
EMPLOYEES GROSS EARNINGS

Production Worker
1 8,320.00
Production Worker
2 8,320.00
Production Worker
3 8,320.00
Production Worker
4 8,320.00
TOTAL ₱33,280
Production Supervisor 10,000.00
Sales Personnel 8,320.00
Driver 7,500.00
TOTAL ₱25,820
₱ 59,100.00

TOTAL FACTORY OVERHEAD ANNUALLY ₱ 559,572.06

PRODUCTION COST
TOTAL PRODUCTION COST ANNUAL COST TOTAL
DIRECT MATERIALS ₱ 5,460,460.00 ₱ 6,388,484.86
DIRECT LABOR 368,452.80
FACTORY OVERHEAD 559,572.06
Divided by: Units Produced 74,000
PRODUCTION COST PER UNIT ₱ 86.33
ECT MATERIALS
TOTAL NO. OF
ANNUAL COST
CONSUMPTION UNITS PRODUCED DAILY COST
(296 DAYS)
ON PER UNIT PER DAY
₱ 22.45 250 5,612.50 1,661,300.00
2.00 250 500.00 148,000.00
10.00 250 2,500.00 740,000.00
20.00 250 5,000.00 1,480,000.00
5.84 250 1,460.00 432,160.00
12.00 250 3,000.00 888,000.00
3.00 250 375.00 111,000.00
₱ 75.29 ₱ 18,447.50 ₱ 5,460,460.00

DIRECT LABOR
DEDUCTIONS
WITHOLDING
PHILHEALTH PAG-IBIG TOTAL
TAX
137.50 166.40 0.00 643.90
137.50 166.40 0.00 643.90
137.50 166.40 0.00 643.90
137.50 166.40 0.00 643.90
₱ 550.00 ₱ 665.60 ₱ - ₱ 2,575.60

Annually
2,160.00
3,000.00
300.00
600.00
1,824.00
960.00
468.00
₱ 9,312.00

Indirect Labor
DEDUCTIONS
WITHOLDING
PHILHEALTH PAG-IBIG TOTAL
TAX
137.50 200.00 0.00 737.50
137.50 166.40 0.00 643.90
137.50 200.00 0.00 737.50
₱ 412.50 ₱ 566.40 ₱ - ₱ 2,118.90
 UNIT OF
TOTAL COST ANNUALLY
MEASUREMENT
pieces 2,000.00 2,000.00
boxes 1,800.00 1,800.00
boxes 3,840.00 3,840.00
sets 620.00 620.00
box 334.00 334.00
₱ 8,594.00

S CONTRIBUTION- FOH
PAG-IBIG WITHOLDING TAX TOTAL
Monthly Annually
160.00 0.00 977.50 11,730.00
160.00 0.00 977.50 11,730.00
160.00 0.00 977.50 11,730.00
160.00 0.00 977.50 11,730.00
₱ 640.00 ₱ - ₱ 3,910.00 ₱ 46,920.00

200.00 0.00 1,137.50 13,650.00

160.00 0.00 897.50 10,770.00
160.00 0.00 977.50 11,730.00
₱ 520.00 ₱ - ₱ 3,012.50 ₱ 36,150.00
₱ 1,160.00 ₱ - ₱ 6,922.50 ₱ 83,070.00
 NET PAY
Monthly Annually
7,676.10 92,113.20
7,676.1 92,113.20
7,676.10 92,113.20
7,676.10 92,113.20
₱ 30,704.40 ₱ 368,452.80

NET PAY
Monthly Annually
9,262.50 111,150.00
7,676.10 92,113.20
9,262.50 111,150.00
₱ 26,201.10 ₱ 314,413.20
 Organizational Cost
PARTICULARS AMOUNT
DTI Registration 515.00
SEC Registration 4,500.00
Mayor's Permit 5,000.00
Business Tax 15,000.00
Sanitary Permit Fee 90.00
Garbage Fee 1,200.00
Fire Safety Inspection Fee 649.00
Signboard Fee 700.00
Business Permit Renewal 26,409.00
BIR Registration 500.00
Repair and Maintenance 30,000.00
Hiring and Training 10,000.00
TOTAL ###

TAXES AND LICENCES

DTI Registration 515.00
SEC Registration 4,500.00
Mayor's Permit 5,000.00
Business Tax 15,000.00
Sanitary Permit Fee 90.00
Garbage Fee 1,200.00
Fire Safety Inspection Fee 649.00
Signboard Fee 700.00
Business Permit Renewal 26,409.00
BIR Registration 500.00
TOTAL 54,563.00

Depreciation Expense
Furniture and Fixture
Office Tables 378.57
Office Chairs 214.29
Display Cabinet 1,428.57
Monoblock 148.57
Total Dep. of furniture and fixture 2,170.00
Office Equipment
Computer 4,000.00
Printer 920.00
Total Dep. of office equipment 4,920.00
Delivery Equipment
Delivery Truck 25,000.00
Total Depreciation of Delivery Truc 25,000.00
Total Depreciation Expense ###
 Utilities expense
Electricity - Office ₱ 18,000.00
Water - Office ₱ 3,600.00
Telephone and Internet ₱ 20,388.00
Total Utilities expense ###

Advertising Expense
Flyers 500
Posters 1,000
Total Advertising Expense ₱ 1,500.00

Rent expense
Store ₱120,000.00
Factory 180,000.00
Total Rent Expense ###
 OFFICE SUPPLIES
PARTICULARS UNIT COST QUANTITYTOTAL COST
Receipts ₱ 30.00 2 ₱ 60.00
Ballpen 10.00 5 50.00
Record Book 92.00 1 92.00
Long Bond paper (ream) 198.00 1 198.00
Long Folder 5.00 20 100.00
Fastener (box) 30.00 1 30.00
Journal 25.00 5 125.00
Carbon Paper 9.00 1 9.00
Brown paper bag (100pcs.) 50.00 20 1,000.00
Box 5.00 4 20.00
Packing tape 10.00 4 40.00
Printer (ink) 330.00 1 330.00
TOTAL ₱ 2,054.00

Administrative Salary
Bookkeeper 120,000.00
Driver 82,950.00
Sales Personnel 92,113.20
Total Administrative Salar ₱ 295,063.20

MONTHLY
EMPLOYEES
EARNINGS
Bookkeeper 10,000.00
Driver 7,500.00
Sales Personnel 92,113.20
TOTAL ₱ 109,613.20
 PRE-OPERATING EXPENSE

Organizational Cost
PARTICULARS AMOUNT
DTI Registration 515.00
SEC Registration 4,500.00
Mayor's Permit 5,000.00
Business Tax 15,000.00
Sanitary Permit Fee 90.00
Garbage Fee 1,200.00
Fire Safety Inspection Fee 649.00
Signboard Fee 700.00
Business Permit Renewal 26,409.00
BIR Registration 500.00
Repair and Maintenance 30,000.00
Hiring and Training 10,000.00
TOTAL ₱ 94,563.00

TAXES AND LICENSES

DTI Registration 515.00
SEC Registration 4,500.00
Mayor's Permit 5,000.00
Business Tax 15,000.00
Sanitary Permit Fee 90.00
Garbage Fee 1,200.00
Fire Safety Inspection Fee 649.00
Signboard Fee 700.00
Business Permit Renewal 26,409.00
BIR Registration 500.00
TOTAL ₱ 54,563.00

Hiring and training of employees ₱ 10,000.00

Advertising and promotion

Flyers ₱ 500.00
Poster 1,000.00
Total Advertising and promotion ₱ 1,500.00

Research and Development ₱ 50,000.00

Installation and test run applianc

₱ 3,600.00

Renovation and Construction ₱ 250,000.00

TOTAL 464,226.00
 4.1 Project cost
Direct Materials ₱888,000.00
Direct Labor ₱368,452.80
Factory Overhead ₱559,572.06
Pre-operating expenses ₱464,226.00
Total ###
 Mont Monthly
Year Cash Loan Balance
h Payment
1 ### ### ###
2 ### ### ###
3 ### ### ###
4 ### ### ###
5 ### ### ###
6 ### ### ###
1
7 ### ### ###
8 ### ### ###
9 ### ### ###
10 ### ### ###
11 ### ### ###
12 ### ### ###
1 ### ### ###
2 ### ### ###
3 ### ### ###
4 ### ### ###
5 ### ### ###
6 ### ### ###
2
7 ### ### ###
8 ### ### ###
9 ### ### ###
10 ### ### ###
11 ### ### ###
12 ### ### ###
1 ### ### ###
2 ### ### ###
3 ### ### ###
4 ### ### 966,666.72
5 966,666.72 ### 845,833.38
6 845,833.38 ### 725,000.04
3
7 725,000.04 ### 604,166.70
8 604,166.70 ### 483,333.36
9 483,333.36 ### 362,500.02
10 362,500.02 ### 241,666.68
11 241,666.68 ### 120,833.34
12 120,833.34 ### 0.00
 STARCK ENTERPRISE
STATEMENT OF PARNER'S EQUITY
FOR THE YEAR ENDED OF DECEMBER 31, 2020-2024
PARTNER'S CAPTIAL 2020 2021
BUADILLA, Capital beg. 300,000.00 Err:509
Add: Share in the net income Err:509 Err:509
Less: Drawings Err:509 Err:509
END Err:509 Err:509
CEA, Capital beg. 300,000.00 Err:509
Add: Share in the net income Err:509 Err:509
Less: drawings Err:509 Err:509
END Err:509 Err:509
JACANG, Capital beg 300,000.00 Err:509
Add: Share in the net income Err:509 Err:509
Less: drawings Err:509 Err:509
END Err:509 Err:509
PATUBO, Capital beg 300,000.00 Err:509
Add: Share in the net income Err:509 Err:509
Less: drawings Err:509 Err:509
END Err:509 Err:509
SORIANO, Capital beg 300,000.00 Err:509
Add: Share in the net income Err:509 Err:509
Less: drawings Err:509 Err:509
END Err:509 Err:509
WANDALEN, Capital beg 300,000.00 Err:509
Add: Share in the net income Err:509 Err:509
Less: drawings Err:509 Err:509
END Err:509 Err:509

Total Drawings Err:509 Err:509

Total Capital end Err:509 Err:509
ERPRISE
RNER'S EQUITY
ECEMBER 31, 2020-2024
2022 2023 2024
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509

Err:509 Err:509 Err:509

Err:509 Err:509 Err:509
 STARCK ENTERPRISE
PROJECTED STATEMENT OF CASH FLO
FOR THE YEAR ENDED OF DECEMBER 31, 20

2020
Operating Activities
Net Income (Loss) Err:509
Depreciation- PPE 57,362.86
(Increase) Decrease in Office Supplies (2,054.00)
Increase (Decrease) in SSS Payable 600.00
Increase (Decrease) in PHIC Payable 137.50
Increase (Decrease) in HDMF Payable 160.00
Increase (Decrease) in VAT Payable #REF!
Increase(Decrease)in Salaries payable 16,912.50
Increase (Decrease) in Income Tax Payable Err:509
Increase (Decrease) in Expanded Withholding Tax 23,750.00
Net Cash From Operating Expenses Err:509
Investing Activities
Purchase of PPE (475,380.00)
Net Cash From Investing Activities (475,380.00)
Financing Activities
Initial investment ₱1,800,000.00
Total of Partnership Withdrawal Err:509
Net Financing Activities Err:509

Net Cash Provided from Different Activities Err:509

Add: Cash Balance, Beginning

Cash Balance End Err:509
 TARCK ENTERPRISE
D STATEMENT OF CASH FLOW
NDED OF DECEMBER 31, 2020-2024

2021 2022 2023 2024

Err:509 Err:509 Err:509 Err:509

57,362.86 57,362.86 57,362.86 57,362.86
- - - -
- - - -
- - - -
- - - -
#REF! #REF! #REF! #REF!
- - - -
Err:509 Err:509 Err:509 Err:509
23,750.00 23,750.00 23,750.00 23,750.00
#REF! #REF! #REF! #REF!

- - - -
Err:509 Err:509 Err:509 Err:509
Err:509 Err:509 Err:509 Err:509

#REF! #REF! #REF! #REF!

Err:509 Err:509 Err:509 Err:509

Err:509 Err:509 Err:509 Err:509
 STARCK ENTERPRISE
PROJECTED PROFIT AND LOSS STATEMENT
FOR THE YEAR ENDED OF DECEMBER 31, 2020-202

Note 2020
Net Sales 1 Err:509
COS 2 5,803,435.57
Gross Profit Err:509
Less: Operating Expenses
Salaries Expense 3 192,500.00
Advertising Expenses 4 1,500.00
Utilities Expense 5 41,988.00
Taxes and Licenses 6 27,654.00
Office Supplies Expense 7 1,540.50
Depreciation Expense 8 57,362.86
Contribution Expense 9 9,872.50
Pre-operating Expense 10 464,741.00
13th month pay 11 17,500.00
Rent expense 12 300,000.00
Total Operating Expenses ₱ 1,114,658.86
Income Before Tax Err:509
Less:Provision for Income Tax(30%) Err:509
Net Income(loss) After Tax Err:509
ARCK ENTERPRISE
ROFIT AND LOSS STATEMENT
DED OF DECEMBER 31, 2020-2024

2021 2022 2023 2024

Err:509 Err:509 Err:509 Err:509
5,803,435.57 5,803,435.57 5,803,435.57 5,803,435.57
Err:509 Err:509 Err:509 Err:509

192,500.00 192,500.00 192,500.00 192,500.00

1,500.00 1,500.00 1,500.00 1,500.00
41,988.00 41,988.00 41,988.00 41,988.00
27,654.00 27,654.00 27,654.00 27,654.00
1,540.50 1,540.50 1,540.50 1,540.50
57,362.86 57,362.86 57,362.86 57,362.86
9,872.50 9,872.50 9,872.50 9,872.50
- - - -
17,500.00 17,500.00 17,500.00 17,500.00
300,000.00 300,000.00 300,000.00 300,000.00
₱ 649,917.86 ₱649,917.86 ₱649,917.86 ₱ 649,917.86
Err:509 Err:509 Err:509 Err:509
Err:509 Err:509 Err:509 Err:509
Err:509 Err:509 Err:509 Err:509
 STARCK ENTERPRISE
PROJECTED STATEMENT OF FINANCIAL POSITIO
AS OF DECEMBER 31,2020-2024

ASSETS Note 2020 2021

Current asset:
Cash Err:509 Err:509
Office Supplies 2,054.00 2,054.00
Total current Asset Err:509 Err:509
Non-Current Asset:
PPE (net) 418,017.14 360,654.29
Total Non-current Assets ₱ 418,017.14 ₱ 360,654.29
Total Asset Err:509 Err:509
LIABILITIES
Current Liabilities:
Payrolls payable
SSS Payable 600.00 600.00
Philhealth Payable 137.50 137.50
HDMF Payable 160.00 160.00
Salaries Payable 16,912.50 16,912.50
Vat Payable #REF! #REF!
Expanded Withholding
Tax (Rent) 23,750.00 23,750.00
Income tax payable Err:509 Err:509
Total Current Liabilities Err:509 Err:509
Total Liabilities Err:509 Err:509
Partner’s Equity:
BUADILLA, Realyn SPE Err:509 Err:509
CEA, Tatjana SPE Err:509 Err:509
JACANG, Cristine SPE Err:509 Err:509
PATUBO, Ma. Angelli SPE Err:509 Err:509
SORIANO, Kathleen SPE Err:509 Err:509
WANDALEN, Shara SPE Err:509 Err:509
Total Equity Err:509 Err:509
Total Equity and Liabilities Err:509 Err:509
Err:509 Err:509
ERPRISE
FINANCIAL POSITION
31,2020-2024

2022 2023 2024

Err:509 Err:509 Err:509

2,054.00 2,054.00 2,054.00
Err:509 Err:509 Err:509

303,291.43 245,928.57 188,565.71

303,291.43 ₱ 245,928.57 ₱ 188,565.71
Err:509 Err:509 Err:509

600.00 600.00 600.00

137.50 137.50 137.50
160.00 160.00 160.00
16,912.50 16,912.50 16,912.50
#REF! #REF! #REF!

23,750.00 23,750.00 23,750.00

Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509

Err:509 Err:509 Err:509

Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
Err:509 Err:509 Err:509
 PRODUCTION

MACHINERIES
Machineries Qty Unit cost Total Cost Useful Life
Juice Extractor 3 ₱ 3,000.00 9,000.00 5
Mixing Machine 1 25,000.00 25,000.00 10
Packaging Machine 1 90,000.00 90,000.00 10
Computer 1 20,000.00 20,000.00 5
Printer 1 4,600.00 4,600.00 5
CCTV 6 5,000.00 30,000.00 5
Telephone 1 950.00 950.00 5
TOTAL ###

FURNITURES AND FIXTURES

Furniture and Fixtures Qty Unit cost Cost Useful Life
Long Table 3 ₱ 1,000.00 ₱ 3,000.00 7
Monoblock 2 520.00 1,040.00 7
Drawer 2 1,000.00 2,000.00 7
TOTAL ₱ 6,040.00

PPE Depreciation
Machineries 24,410.00
Office Equipment 4,920.00
Furniture and Fixture- Factory 862.86
Furniture and Fixture-Admin 2,170.00
Delivery Equipment-Delivery Truck 25,000.00
Total Depreciation-PPE ₱ 57,362.86

SUMMARY OF PPE PURCHASE COST DEPRECIA

2020 2021
Machineries 179,550.00 24,410.00 24,410.00
Office Equipment 24,600.00 4,920.00 4,920.00
Furniture and Fixture- Factory 6,040.00 862.86 862.86
Furniture and Fixture-Admin 15,190.00 2,170.00 2,170.00
Delivery Equipment-Delivery Truck 250,000 25,000.00 25,000.00
Total 475,380.00 57,362.86 57,362.86
Total net PPE ### ₱ 360,654.29
PRODUCTION

MACHINERIES
Depreciation 2020 2021 2022 2023 2024
1,800.00 7,200.00 5,400.00 3,600.00 1,800.00 0.00
2,500.00 22,500.00 20,000.00 17,500.00 15,000.00 12,500.00
9,000.00 81,000.00 72,000.00 63,000.00 54,000.00 45,000.00
4,000.00 16,000.00 12,000.00 8,000.00 4,000.00 0.00
920.00 3,680.00 2,760.00 1,840.00 920.00 0.00
6,000.00 24,000.00 18,000.00 12,000.00 6,000.00 0.00
190.00 760.00 570.00 380.00 190.00 0.00
₱ 24,410.00 ### ₱130,730.00 ### ### ###

Depreciation 2019 2020 2021 2022 2024

₱ 428.57 ₱ 2,571.43 ₱ 2,142.86 ₱ 1,714.29 ₱ 1,285.71 ₱ 857.14
148.57 891.43 742.86 594.29 445.71 297.14
285.71 1,714.29 1,428.57 1,142.86 857.14 571.43
₱ 862.86 ₱ 5,177.14 ₱ 4,314.29 ₱ 3,451.43 ₱ 2,588.57 ₱ 1,725.71

DEPRECIATION
2022 2023 2024
24,410.00 24,410.00 24,410.00
4,920.00 4,920.00 4,920.00
862.86 862.86 862.86
2,170.00 2,170.00 2,170.00
25,000.00 25,000.00 25,000.00
57,362.86 57,362.86 57,362.86
₱ 303,291.43 ### ₱188,565.71
 ADMIN

OFFICE EQUI
Office Equipment Quantity Unit cost Total Cost
Computer 1 ₱ 20,000.00 ₱ 20,000.00
Printer 1 4,600.00 4,600.00
TOTAL 24,600.00

FURNITURES AND
Furniture and Fixture Quantity Unit cost Total Cost
Office table 1 ₱ 2,650.00 2,650.00
Office Chair 1 1,500.00 1,500.00
Display Cabinet 1 10,000.00 10,000.00
Monoblock 2 520.00 1,040.00
TOTAL 15,190.00

DELIVERY T
Quantity Unit cost Total Cost
Delivery Truck 1 ₱ 250,000.00 250,000.00
TOTAL ₱250,000.00
 ADMIN

OFFICE EQUIPMENT
Useful Life Depreciation 2020 2021 2022 2023
5 4,000.00 16,000.00 12,000.00 8,000.00 4,000.00
5 920.00 3,680.00 2,760.00 1,840.00 920.00
4,920.00 19,680.00 14,760.00 9,840.00 4,920.00

FURNITURES AND FIXTURES

Useful Life Depreciation 2020 2021 2022 2023
7 378.57 2,271.43 1,892.86 1,514.29 1,135.71
7 214.29 1,285.71 1,071.43 857.14 642.86
7 1,428.57 8,571.43 7,142.86 5,714.29 4,285.71
7 148.57 891.43 742.86 594.29 445.71
2,170.00 4,448.57 3,707.14 2,965.71 2,224.29

DELIVERY TRUCK
Useful Life Depreciation 2020 2021 2022 2023
10.00 ₱ 25,000.00 ₱225,000.00 ₱ 200,000.00 ₱ 175,000.00 ₱ 150,000.00
25,000.00 ### ₱200,000.00 ### ₱150,000.00
 2024
0.00
0.00
0.00

2024
757.14
428.57
2,857.14
297.14
1,482.86

2024
₱ 125,000.00
₱ 125,000.00
 DIRECT LABOR
DEDUCTIONS
EMPLOYEES MONTHLY EARNINGS
SSS PHILHEALTHPAG-IBIG
Production Worker 1 8,320.00 340.00 137.50 166.40
Production Worker 2 8,320.00 340.00 137.50 166.40
Production Worker 3 8,320.00 340.00 137.50 166.40
Production Worker 4 8,320.00 340.00 137.50 166.40
TOTAL ₱33,280 ₱1,360 ₱550 ₱666

INDIRECT LABOR
DEDUCTIONS
MONTHLY
EMPLOYEES
EARNINGS SSS PHILHEALTHPAG-IBIG
Production Supervisor 10,000.00 400.00 137.50 200.00
TOTAL ₱ 10,000.00 ### ₱ 137.50 ###

ADMIN LABOR
DEDUCTIONS
MONTHLY
EMPLOYEES
EARNINGS SSS PHILHEALTHPAG-IBIG

Driver 7,500.00 300.00 137.50 150.00

Bookkeeper 10,000.00
Sales Personnel 8,320.00 340.00 137.50 166.40
TOTAL ₱ 25,820.00 ### ₱ 275.00 ###

13th MONTH PAY

EMPLOYEES MONTHLY EARNINGS

Production Worker 1 8,320.00
Production Worker 2 8,320.00
Production Worker 3 8,320.00
Production Worker 4 8,320.00
TOTAL ₱33,280
MONTHLY
EMPLOYEE
EARNINGS
Production Supervisor 10,000.00
TOTAL ₱ 10,000.00
MONTHLY
EMPLOYEES
EARNINGS
 MONTHLY
EMPLOYEES
EARNINGS
Driver 7,500.00
Bookkeeper 10,000.00
Sales Personnel 8,320.00
TOTAL ₱ 25,820.00
GRAND TOTAL ₱69,100.00
BOR
EDUCTIONS NET PAY
WITHOLDIN
TOTAL MONTHLY ANNUALLY
G TAX
0.00 643.90 7,676.10 92,113.20
0.00 643.90 7,676.10 92,113.20
0.00 643.90 7,676.10 92,113.20
0.00 643.90 7,676.10 92,113.20
₱0 ₱2,576 ₱30,704 ₱368,452.80

ABOR
EDUCTIONS NET PAY
WITHOLDIN
TOTAL MONTHLY ANNUALLY
G TAX
0.00 737.50 9,262.50 111,150.00
₱ - ₱ 737.50 ₱9,262.50 ###

BOR
EDUCTIONS NET PAY
WITHOLDIN
TOTAL MONTHLY ANNUALLY
G TAX
0.00 587.50 6,912.50 82,950.00
10,000.00 120,000.00
0.00 643.90 7,676.10 92,113.20
₱ - ### ### ###
 Employers Contribution- FOH

Direct Labor SSS PHILHEALTH PAG-IBIG

Production Worker 1 680.00 137.50 160.00

Production Worker 2 680.00 137.50 160.00
Production Worker 3 680.00 137.50 160.00
Production Worker 4 680.00 137.50 160.00
MONTHLY ₱2,720.00 ₱550.00 ₱640.00
ANNUALLY ₱32,640.00 ₱6,600.00 ₱7,680.00
Indirect Labor

Production Supervisor 800.00 137.50 200.00

0 2,080.00 412.50 520.00
₱ 2,880.00 ₱ 550.00 ₱ 720.00
MONTHLY
ANNUALLY ₱ 34,560.00 ₱6,600.00 ₱8,640.00
Total Employers Contribution-mon ₱ 5,600.00 ₱1,100.00 ₱1,360.00
Total Employers Contribution-annu ₱ 67,200.00 ### ###

Employees Contribution- FOH

Direct Labor SSS PHILHEALTH PAG-IBIG

Production Worker 1 340.00 137.50 166.40

Production Worker 2 340.00 137.50 166.40
Production Worker 3 340.00 137.50 166.40
Production Worker 4 340.00 137.50 166.40
MONTHLY ₱ 1,360.00 ₱ 550.00 ₱ 665.60
ANNUALLY ₱ 16,320.00 ₱6,600.00 ₱7,987.20
Indirect Labor
Production Supervisor 400.00 137.50 200.00
0 340.00 137.50 166.40
MONTHLY ₱ 740.00 ₱ 275.00 ₱ 366.40
ANNUALLY ₱ 8,880.00 ₱3,300.00 ₱4,396.80
Total Employees Contribution-mon ₱ 2,100.00 ₱ 825.00 ₱1,032.00
Total Employees Contribution-annu ₱ 25,200.00 ₱9,900.00 ###
 Employers Contribution- Admin
WITHOLDIN
TOTAL SSS PHILHEALTH
G TAX

0.00 977.50 Driver 600.00 137.50

0.00 977.50 TOTAL-Monthly ₱ 600.00 ₱ 137.50
0.00 977.50 Annually ₱ 7,200.00 ₱ 1,650.00
0.00 977.50
₱0.00 ₱3,910.00
₱0.00 ₱46,920.00 Employees Contribution- Admin

SSS PHILHEALTH
0.00 1,137.50 Driver 300.00 137.50
0.00 3,012.50 TOTAL-Monthly ₱ 300.00 ₱ 137.50
₱ - ₱ 4,150.00 Annually ₱ 3,600.00 ₱ 1,650.00
₱ - ###
₱ - ₱ 8,060.00
₱ - ###

production
WITHOLDIN
TOTAL
G TAX DL Total EB: Basic,13th, ER sh, SIL
0.00 643.90
0.00 643.90
0.00 643.90
0.00 643.90
₱ - ₱ 2,575.60
₱ - ###

0.00 737.50
0.00 643.90
₱ - ₱ 1,381.40
₱ - ###
₱ - ₱ 3,957.00
₱ - ###
 WITHOLDIN
PAG-IBIG TOTAL
G TAX
160.00 0.00 897.50
₱ 160.00 ₱ - ₱ 897.50
### ₱ - ###

WITHOLDIN
PAG-IBIG TOTAL
G TAX
150.00 0.00 587.50
₱ 150.00 ₱ - ₱ 587.50
### ₱ - ₱7,050.00

EB: Basic,13th, ER sh, SIL

 Breakeven Point in Sales
2019 2020 2021
Sales Err:509 Err:509 Err:509
Less: Variable Cost - - -
Contribution Margin Err:509 Err:509 Err:509
Contribution Margin ratio Err:509 Err:509 Err:509
Total Fixed Cost Err:509 Err:509 Err:509
Breakeven Point in Sales Err:509 Err:509 Err:509

Breakeven Point in Units

2019 2020 2021
Total Fixed Cost Err:509 Err:509 Err:509
Contribution Margin per unit Err:509 Err:509 Err:509
Breakeven Point in units Err:509 Err:509 Err:509
 2022 2023
Err:509 Err:509
- -
Err:509 Err:509
Err:509 Err:509
Err:509 Err:509
Err:509 Err:509

2022 2023
Err:509 Err:509
Err:509 Err:509
Err:509 Err:509
Return on Inves 2019 2020 2021 2022
Net Income Err:509 Err:509 Err:509 Err:509
Divided By: Tota Err:509 Err:509 Err:509 Err:509
Return on Inve Err:509 Err:509 Err:509 Err:509

Current Ratio
Year 2019 2020 2021 2022
Current Assset Err:509 Err:509 Err:509 Err:509
Divided by: Curre Err:509 Err:509 Err:509 Err:509
Current Ratio Err:509 Err:509 Err:509 Err:509

Debt Ratio
Year 2019 2020 2021 2022
Total Liabilities Err:509 Err:509 Err:509 Err:509
Divided by: Total Err:509 Err:509 Err:509 Err:509
Debt Ratio Err:509 Err:509 Err:509 Err:509

Debt-Equity Ratio
Year 2019 2020 2021 2022
Total Liabilities Err:509 Err:509 Err:509 Err:509
Divided by: Total Err:509 Err:509 Err:509 Err:509
Debt- Equity R Err:509 Err:509 Err:509 Err:509

Equity Ratio
Year 2019 2020 2021 2022
Total Equity Err:509 Err:509 Err:509 Err:509
Divided: Total As Err:509 Err:509 Err:509 Err:509
Equity Ratio Err:509 Err:509 Err:509 Err:509

Gross Profit Margin Ratio

Year 2019 2020 2021 2022
Gross Profit Err:509 Err:509 Err:509 Err:509
Divided by: Net Err:509 Err:509 Err:509 Err:509
Gross profit M Err:509 Err:509 Err:509 Err:509

Return on Sales
Year 2019 2020 2021 2022
Net Income Err:509 Err:509 Err:509 Err:509
Divided by: Tota Err:509 Err:509 Err:509 Err:509
Return on Sale Err:509 Err:509 Err:509 Err:509

Return on Assets
Year 2019 2020 2021 2022
Net Income Err:509 Err:509 Err:509 Err:509
Divided by: Aver Err:509 Err:509 Err:509 Err:509
Return on Asse Err:509 Err:509 Err:509 Err:509
 Return on Equity
Year 2019 2020 2021 2022
Net Income Err:509 Err:509 Err:509 Err:509
Divided by:Avera Err:509 Err:509 Err:509 Err:509
Return on Equi Err:509 Err:509 Err:509 Err:509

PAYBACK PERIOD
COST TO RECOVER
Annual Cash Flow
NIAT + Dep.
NIAT DepreciationAmortization Cumulative
Year + Amo.
2019 Err:509 57,362.86 Err:509 Err:509 Err:509
2020 Err:509 57,362.86 Err:509 Err:509 Err:509
2021 Err:509 57,362.86 Err:509 Err:509 Err:509
2022 Err:509 57,362.86 Err:509 Err:509 Err:509
2023 Err:509 57,362.86 Err:509 Err:509 Err:509
2024 Err:509 57,362.86 Err:509 Err:509 Err:509
2025 Err:509 57,362.86 Err:509 Err:509 Err:509
2026 Err:509 57,362.86 Err:509 Err:509 Err:509
 2023 Net Profit Margin
Err:509 Net Income
Err:509 Divided By: Net Sales
Err:509 Net Profit Margin

Total Asset Turnover

2023 Net Sales
Err:509 Divided By: Average Total Assets
Err:509 Total Asset Turnover
Err:509

2023
Err:509
Err:509
Err:509

2023
Err:509
Err:509
Err:509

2023
Err:509
Err:509
Err:509

2023
Err:509
Err:509
Err:509

2023
Err:509
Err:509
Err:509

2023
Err:509
Err:509
Err:509
 2023
Err:509
Err:509
Err:509

Initial inv.
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
Err:509
 2019 2020 2021 2022 2023
Err:509 Err:509 Err:509 Err:509 Err:509
Err:509 Err:509 Err:509 Err:509 Err:509
Err:509 Err:509 Err:509 Err:509 Err:509

2019 2020 2021 2022 2023

Err:509 Err:509 Err:509 Err:509 Err:509
Err:509 Err:509 Err:509 Err:509 Err:509
Err:509 Err:509 Err:509 Err:509 Err:509
GUIDELINES ON NOTES(SCI)
Note 1: Sales
Note 2: COGS
Schedule 1: Purchase
Note 5: Utilities Expense
Note 6: Taxes and Licenses
Note 7: Office supplies-used
Note 8: Depreciation exp
Note 9: Contibution expense
Note 10: Pre-operating expense
Note 11: Organizational expense
Note 12: 13 month pay
Note 13: Warranty expense
2,170.00
 NOTE 1 : Projected Net Sales Forecast f
2020
Projected No. of Households 118,663
Multiplied by : Willingness to Buy 86.38%
Projected Demand 102,501
Multiplied by : Annual Frequency of Buying 12
Annual Demand 1,230,012
Multiplied by : Market Share 5.42%
Units Produced 74,000
Units Sold 66,667
Units Unsold 7,333
Invoice Price 115.00
Total Sale ₱ 7,666,705.00
Output Vat ₱ 920,004.60
Net Sales ₱ 6,746,700.40

NOTE 2: COST OF GOOD SO

2020
Direct Materials beg, 0.00
Add:Purchases 4,875,410.71
Direct materials available for use 4,875,410.71
Less: Direct Materials end 0.00
DIRECT MATERIALS USED 4,875,410.71
Add: Direct Labor 368,452.80
Factory Overhead 559,572.06
TOTAL MANUFACTURING COST 5,803,435.57
Add: Work in process beg. 0.00
Total cost of goods placed into process 5,803,435.57
Less: Work in process end 0.00
COST OF GOODS MANUFACTURED 5,803,435.57
Add: Finished goods,beg 0.00
Total cost of goods available for sale 5,803,435.57
Less: Finished goods end 0.00
COST OF GOODS SOLD ₱ 5,803,435.57

NOTE 3: SALARY EXPENS

2020
Driver 90,000.00
Bookkeeper 120,000.00
SALARY EXPENSE ₱ 210,000.00

NOTE 4: ADVERTISING EXPE

2020
Flyers 500
Posters 1,000
ADVERTISING EXPENSE ₱ 1,500.00
 NOTE 5: UTILITIES EXPENS
2020
Electricity - Office 18,000.00
Water - Office 3,600.00
Telephone and Internet 20,388.00
UTILITIES EXPENSE ₱ 41,988.00

NOTE 6: TAXES AND LICENS

2020
DTI Registration 515.00
SEC Registration 4,500.00
Mayor's Permit 5,000.00
Business Tax 15,000.00
Sanitary Permit Fee 90.00
Garbage Fee 1,200.00
Fire Safety Inspection Fee 649.00
Signboard Fee 700.00
TAXES AND LICENSES ₱ 27,654.00

NOTE 7: OFFICE SUPPLIES EXP

2020
Receipts 60.00
Ballpen 50.00
Record Book 92.00
Long Bond paper (ream) 198.00
Long Folder 100.00
Fastener (box) 30.00
Journal 125.00
Carbon Paper 9.00
Brown paper bag (100pcs.) 1,000.00
Box 20.00
Packing tape 40.00
Printer (ink) 330.00
OFFICE SUPPLIES EXPENSE ₱ 2,054.00

NOTE 8: DEPRECIATION EXPE

2020
Furniture and Fixture-admin
Office table 378.57
Office Chair 214.29
Display Cabinet 1,428.57
Monoblock 148.57
Office Equipment-admin
Computer 4,000.00
Printer 920.00
Delivery Equipment-Delivery Truck 25,000.00
Machineries
Juice Extractor 1,800.00
Mixing Machine 2,500.00
Packaging Machine 9,000.00
Computer 4,000.00
Printer 920.00
CCTV 6,000.00
Telephone 190.00
Furniture and Fixture
Long Table 428.57
Monoblock 148.57
Drawer 285.71
DEPRECIATION EXPENSE ₱ 57,362.86

NOTE 9: CONTRIBUTION EXPE

2020
SSS ₱ 6,600.00
Philhealth ₱ 1,512.50
HDMF ₱ 1,760.00
CONTRIBUTION EXPENSE ₱ 9,872.50

NOTE 10: PRE-OPERATING EXP

2020
Organizational Cost ₱ 515.00
Taxes and Licenses ₱ -
Hiring and training of employees ₱ -
Advertising and Promotion ₱ -
Research and Development ₱ -
Installation and test run of appliances ₱ 250,000.00
Renovation and Construction ₱ 464,226.00
PRE-OPERATING EXPENSE ₱ 464,741.00

NOTE 11: 13th MONTH PA

2020
Driver 10,000.00
Bookkeeper 7,500.00
13th MONTH PAY ₱ 17,500.00

NOTE 12: RENT EXPENSE

2020
Rent Expense 300,000.00
RENT EXPENSE ₱ 300,000.00

NOTE : INVENTORY
2020
Finished goods end 0.00
INVENTORY ₱ -

NOTE 13: PPE

2020
Machineries (net) 155,140.00
Juice Extractor 7,200.00
Mixing Machine 22,500.00
Packaging Machine 81,000.00
Computer 16,000.00
Printer 3,680.00
CCTV 24,000.00
Telephone 760.00
Office Equipment (net) 19,680.00
Computer 16,000.00
Printer 3,680.00
Furniture and Fixture- Factory (net) 5,177.14
Long Table 2,571.43
Monoblock 891.43
Drawer 1,714.29
Furniture and Fixture-Admin (net) 12,128.57
Office table 2,271.43
Office Chair 1,285.71
Display Cabinet 8,571.43
Monoblock 891.43
Delivery Equipment-Delivery Truck 225,000.00
PPE(net) ₱ 417,125.71

NOTE 15: EXPANDED WITHHOLD

2020
Income Payments ₱ 25,000.00
Tax rate ₱ 0.05
EXPANDED WITHHOLDING TAX ₱ 1,250.00

NOTE 16: SSS,PHIC,HDMF PAY

2020
SSS ₱ 600.00
Philhealth ₱ 137.50
HDMF ₱ 160.00
SSS,PHIC,HDMF PAYABLE ₱ 897.50

NOTE 17: VAT PAYABLE

2020
Output Vat #REF!
Less:Input Vat 585,049.29
VAT PAYABLE #REF!

NOTE 18: SALARY PAYABL

2020
Driver 6,912.50
Bookkeeper 10,000.00
SALARY PAYABLE ₱ 16,912.50
 NOTE 19: INCOME TAX PAYA
2020
IS-Provision for income tax(30%) quarterly Err:509
INCOME PAYABLE Err:509

NOTE 20: VARIABLE AND FIXED

VARIABLE COST
Manufacturing
2020
Raw Materials ₱ 5,460,460.00
Indirect Material: 9,312.00
Boxes 2,160.00
Packaging tape 3,000.00
Ink 300.00
Ballpen 600.00
Coupon Bond 1,824.00
Stapler Wire 468.00
0 0.00
FactorySupplies ₱ 8,594.00
Utilities: 60,000.00
Electricity - Factory 48,000.00
Water - Factory 12,000.00
Total Manufacturing Variable Cost ₱ 5,538,366.00
Admin
Office Supplies - Official Receipt ₱ 2,054.00
Utilities: 21,600.00
Electricity - Office 18,000.00
Water - Office 3,600.00
Total Admin Variable Cost ₱ 23,654.00
Grand Total ₱ 5,562,020.00

FIXED COST
Manufacturing
2020
Direct Labor ₱368,452.80
Indirect Labor ₱ 111,150.00
Indirect Materials: 10,272.00
Stapler 960.00
Stappler 9,312.00
Factory Supplies ₱ 8,594.00
EC Contribution ₱ -
Depreciation Expense ₱ 25,082.86
Total Manufacturing Fixed Cost ₱523,551.66
Admin
Office Supplies: 2,054.00
Receipts 60.00
Ballpen 50.00
Record Book 92.00
Long Bond paper (ream) 198.00
Long Folder 100.00
Fastener (box) 30.00
Journal 125.00
Carbon Paper 9.00
Brown paper bag (100pcs.) 1,000.00
Box 20.00
Packing tape 40.00
Printer (ink) 330.00
Depreciation Expense 32,090.00
Utilities-PLDT w/ Telephone Expense 20,388.00
Administrative Salary ₱ 295,063.20
Advertising Expense ₱ 48,500.00
Rent Expense ₱ 300,000.00
13th Month Pay ₱109,613.20
Total Admin Fixed Cost ₱ 807,708.40
Grand Total ₱1,331,260.06
d Net Sales Forecast for Five Periods
2021 2022 2023 2024
120,490 122,346 124,230 126,143
86.38% 86.38% 86.38% 86.38%
104,079 105,682 107,310 108,962
12 12 12 12
1,248,948 1,268,184 1,287,720 1,307,544
5.42% 5.42% 5.42% 5.42%
74,500 75,000 75,500 76,000
67,693 68,736 69,794 70,869
6,807 6,264 5,706 5,131
116.00 117.00 118.00 119.00
₱ 7,852,388.00 ₱ 8,042,112.00 ₱ 8,235,692.00 ₱ 8,433,411.00
₱ 942,286.56 ₱ 965,053.44 ₱ 988,283.04 ₱ 1,012,009.32
₱ 6,910,101.44 ₱ 7,077,058.56 ₱ 7,247,408.96 ₱ 7,421,401.68

2: COST OF GOOD SOLD

2021 2022 2023 2024
0.00 0.00 0.00 0.00
4,875,410.71 4,875,410.71 4,875,410.71 4,875,410.71
4,875,410.71 4,875,410.71 4,875,410.71 4,875,410.71
0.00 0.00 0.00 0.00
4,875,410.71 4,875,410.71 4,875,410.71 4,875,410.71
368,452.80 368,452.80 368,452.80 368,452.80
559,572.06 559,572.06 559,572.06 559,572.06
5,803,435.57 5,803,435.57 5,803,435.57 5,803,435.57
0.00 0.00 0.00 0.00
5,803,435.57 5,803,435.57 5,803,435.57 5,803,435.57
0.00 0.00 0.00 0.00
5,803,435.57 5,803,435.57 5,803,435.57 5,803,435.57
0.00 0.00 0.00 0.00
5,803,435.57 5,803,435.57 5,803,435.57 5,803,435.57
0.00 0.00 0.00 0.00
₱ 5,803,435.57 ₱ 5,803,435.57 ₱ 5,803,435.57 ₱ 5,803,435.57

TE 3: SALARY EXPENSE
2021 2022 2023 2024
90,000.00 90,000.00 90,000.00 90,000.00
120,000.00 120,000.00 120,000.00 120,000.00
₱ 210,000.00 ₱ 210,000.00 ₱ 210,000.00 ₱ 210,000.00

4: ADVERTISING EXPENSE
2021 2022 2023 2024
500 500 500 500
1,000 1,000 1,000 1,000
₱ 1,500.00 ₱ 1,500.00 ₱ 1,500.00 ₱ 1,500.00
E 5: UTILITIES EXPENSE
2021 2022 2023 2024
18,000.00 18,000.00 18,000.00 18,000.00
3,600.00 3,600.00 3,600.00 3,600.00
20,388.00 20,388.00 20,388.00 20,388.00
₱ 41,988.00 ₱ 41,988.00 ₱ 41,988.00 ₱ 41,988.00

6: TAXES AND LICENSES

2021 2022 2023 2024
515.00 515.00 515.00 515.00
4,500.00 4,500.00 4,500.00 4,500.00
5,000.00 5,000.00 5,000.00 5,000.00
15,000.00 15,000.00 15,000.00 15,000.00
90.00 90.00 90.00 90.00
1,200.00 1,200.00 1,200.00 1,200.00
649.00 649.00 649.00 649.00
700.00 700.00 700.00 700.00
₱ 27,654.00 ₱ 27,654.00 ₱ 27,654.00 ₱ 27,654.00

OFFICE SUPPLIES EXPENSE

2021 2022 2023 2024
60.00 60.00 60.00 60.00
50.00 50.00 50.00 50.00
92.00 92.00 92.00 92.00
198.00 198.00 198.00 198.00
100.00 100.00 100.00 100.00
30.00 30.00 30.00 30.00
125.00 125.00 125.00 125.00
9.00 9.00 9.00 9.00
1,000.00 1,000.00 1,000.00 1,000.00
20.00 20.00 20.00 20.00
40.00 40.00 40.00 40.00
330.00 330.00 330.00 330.00
₱ 2,054.00 ₱ 2,054.00 ₱ 2,054.00 ₱ 2,054.00

: DEPRECIATION EXPENSE
2021 2022 2023 2024

378.57 378.57 378.57 378.57

214.29 214.29 214.29 214.29
1,428.57 1,428.57 1,428.57 1,428.57
148.57 148.57 148.57 148.57

4,000.00 4,000.00 4,000.00 4,000.00

920.00 920.00 920.00 920.00
25,000.00 25,000.00 25,000.00 25,000.00

1,800.00 1,800.00 1,800.00 1,800.00

2,500.00 2,500.00 2,500.00 2,500.00
 9,000.00 9,000.00 9,000.00 9,000.00
4,000.00 4,000.00 4,000.00 4,000.00
920.00 920.00 920.00 920.00
6,000.00 6,000.00 6,000.00 6,000.00
190.00 190.00 190.00 190.00

428.57 428.57 428.57 428.57

148.57 148.57 148.57 148.57
285.71 285.71 285.71 285.71
₱ 57,362.86 ₱ 57,362.86 ₱ 57,362.86 ₱ 57,362.86

: CONTRIBUTION EXPENSE
2021 2022 2023 2024
₱ 6,600.00 ₱ 6,600.00 ₱ 6,600.00 ₱ 6,600.00
₱ 1,512.50 ₱ 1,512.50 ₱ 1,512.50 ₱ 1,512.50
₱ 1,760.00 ₱ 1,760.00 ₱ 1,760.00 ₱ 1,760.00
₱ 9,872.50 ₱ 9,872.50 ₱ 9,872.50 ₱ 9,872.50

: PRE-OPERATING EXPENSE
2021 2022 2023
- -
- -
- -
- -
- -
- -
- -
₱ - ₱ - ₱
2024
- -
- -
- -
- -
- -
- -
- -
- ₱ -

E 11: 13th MONTH PAY

2021 2022 2023 2024
10,000.00 10,000.00 10,000.00 10,000.00
7,500.00 7,500.00 7,500.00 7,500.00
₱ 17,500.00 ₱ 17,500.00 ₱ 17,500.00 ₱ 17,500.00

TE 12: RENT EXPENSE

2021 2022 2023 2024
300,000.00 300,000.00 300,000.00 300,000.00
₱ 300,000.00 ₱ 300,000.00 ₱ 300,000.00 ₱ 300,000.00

NOTE : INVENTORY
2021 2022 2023 2024
0.00 0.00 0.00 0.00
₱ - ₱ - ₱ - ₱ -

NOTE 13: PPE

2021 2022 2023 2024
 130,730.00 106,320.00 81,910.00 57,500.00
5,400.00 3,600.00 1,800.00 0.00
20,000.00 17,500.00 15,000.00 12,500.00
72,000.00 63,000.00 54,000.00 45,000.00
12,000.00 8,000.00 4,000.00 0.00
2,760.00 1,840.00 920.00 0.00
18,000.00 12,000.00 6,000.00 0.00
570.00 380.00 190.00 0.00
14,760.00 9,840.00 4,920.00 0.00
12,000.00 8,000.00 4,000.00 0.00
2,760.00 1,840.00 920.00 0.00
4,314.29 3,451.43 2,588.57 1,725.71
2,142.86 1,714.29 1,285.71 857.14
742.86 594.29 445.71 297.14
1,428.57 1,142.86 857.14 571.43
10,107.14 8,085.71 6,064.29 4,042.86
1,892.86 1,514.29 1,135.71 757.14
1,071.43 857.14 642.86 428.57
7,142.86 5,714.29 4,285.71 2,857.14
742.86 594.29 445.71 297.14
200,000.00 175,000.00 150,000.00 125,000.00
₱ 360,654.29 ₱ 303,291.43 ₱ 245,928.57 ₱ 188,565.71

XPANDED WITHHOLDING TAX

2021 2022 2023 2024
₱ 25,000.00 ₱ 25,000.00 ₱ 25,000.00 ₱ 25,000.00
₱ 0.05 ₱ 0.05 ₱ 0.05 ₱ 0.05
₱ 1,250.00 ₱ 1,250.00 ₱ 1,250.00 ₱ 1,250.00

6: SSS,PHIC,HDMF PAYABLE
2021 2022 2023 2024
₱ 600.00 ₱ 600.00 ₱ 600.00 ₱ 600.00
₱ 137.50 ₱ 137.50 ₱ 137.50 ₱ 137.50
₱ 160.00 ₱ 160.00 ₱ 160.00 ₱ 160.00
₱ 897.50 ₱ 897.50 ₱ 897.50 ₱ 897.50

OTE 17: VAT PAYABLE

2021 2022 2023 2024
#REF! #REF! #REF! #REF!
585,049.29 585,049.29 585,049.29 585,049.29
#REF! #REF! #REF! #REF!

E 18: SALARY PAYABLE

2021 2022 2023 2024
6,912.50 6,912.50 6,912.50 6,912.50
10,000.00 10,000.00 10,000.00 10,000.00
₱ 16,912.50 ₱ 16,912.50 ₱ 16,912.50 ₱ 16,912.50
19: INCOME TAX PAYABLE
2021 2022 2023 2024
Err:509 Err:509 Err:509 Err:509
Err:509 Err:509 Err:509 Err:509

VARIABLE AND FIXED COST

VARIABLE COST

2021 2022 2023 2024

₱ 5,460,460.00 ₱ 5,460,460.00 ₱ 5,460,460.00 ₱ 5,460,460.00
9,312.00 9,312.00 9,312.00 9,312.00
2,160.00 2,160.00 2,160.00 2,160.00
3,000.00 3,000.00 3,000.00 3,000.00
300.00 300.00 300.00 300.00
600.00 600.00 600.00 600.00
1,824.00 1,824.00 1,824.00 1,824.00
468.00 468.00 468.00 468.00
0.00 0.00 0.00 0.00
₱ 8,594.00 8594 8594 8594
60,000.00 60000 60000 60000
48,000.00 48,000.00 48,000.00 48,000.00
12,000.00 12,000.00 12,000.00 12,000.00
₱ 5,538,366.00 5538366 5538366 5538366

₱ 2,054.00 ₱ 2,054.00 ₱ 2,054.00 ₱ 2,054.00

21,600.00 21600 21600 21600
18,000.00 18,000.00 18,000.00 18,000.00
3,600.00 3,600.00 3,600.00 3,600.00
₱ 23,654.00 ₱ 23,654.00 ₱ 23,654.00 ₱ 23,654.00
₱ 5,562,020.00 ₱ 5,562,020.00 ₱ 5,562,020.00 ₱ 5,562,020.00

FIXED COST

2021 2022 2023 2024

₱368,452.80 ₱368,452.80 ₱368,452.80 ₱368,452.80
₱ 111,150.00 111150 111150 111150
10,272.00 10,272.00 10,272.00 10,272.00
960.00 960.00 960.00 960.00
9,312.00 9,312.00 9,312.00 9,312.00
₱ 8,594.00 8594 8594 8594
₱ - 0 0 0
₱ 25,082.86 ₱ 25,082.86 25082.85714286 25082.857142857
₱ 523,551.66 523551.657143 523551.6571429 523551.65714286

2,054.00 2,054.00 2,054.00 2,054.00

60.00 60.00 60.00 60.00
50.00 50.00 50.00 50.00
92.00 92.00 92.00 92.00
198.00 198.00 198.00 198.00
 100.00 100.00 100.00 100.00
30.00 30.00 30.00 30.00
125.00 125.00 125.00 125.00
9.00 9.00 9.00 9.00
1,000.00 1,000.00 1,000.00 1,000.00
20.00 20.00 20.00 20.00
40.00 40.00 40.00 40.00
330.00 330.00 330.00 330.00
32,090.00 32,090.00 32,090.00 32,090.00
20,388.00 20,388.00 20,388.00 20,388.00
295,063.20 295,063.20 295,063.20 295,063.20
48,500.00 48,500.00 48,500.00 48,500.00
300,000.00 300,000.00 300,000.00 300,000.00
109,613.20 109,613.20 109,613.20 109,613.20
₱ 807,708.40 ₱ 807,708.40 ₱ 807,708.40 ₱ 807,708.40
₱1,331,260.06 ₱1,331,260.06 ₱1,331,260.06 ₱1,331,260.06
Inventory Beginning 8,510,000.00
Less: Units sold 7,666,705.00
Inventory End 843,295.00

Schedule 1: Direct Materia

2020
Cost of Raw Materials per day ₱ 18,447.50
x no. of days 296
Total Purchases of DM ₱ 5,460,460.00
Less: Input Vat 585,049.29
Net Purchase ₱ 4,875,410.71

Schedule2: Direct Labor

2020
No. of Production Workers 4
Month Rate 8,320.00
Operating Months 12
Gross Salaries 399,360.00
Employees Benefits ₱30,907.20
Direct Labor, Net ₱368,452.80

Schedule 3: Factory Overhe

2020
Indirect Materials used 9,312.00
Indirect Labor 314,413.20
Factory supplies 8,594.00
EC-Contributions 83,070.00
Utilities Expense 60,000.00
Depreciation-Machineries 24,220.00
Depreciation-Furniture and Fixture 862.86
13th month pay 59,100.00
TOTAL 559,572.06
 8,642,000.00 8,775,000.00 8,909,000.00 9,044,000.00
7,852,388.00 8,042,112.00 8,235,692.00 8,433,411.00
789,612.00 732,888.00 673,308.00 610,589.00

Schedule 1: Direct Materials

2021 2022 2023 2024
₱ 18,447.50 ₱ 18,447.50 ₱ 18,447.50 ₱ 18,447.50
296 296 296 296
₱ 5,460,460.00 ₱ 5,460,460.00 ₱ 5,460,460.00 ₱ 5,460,460.00
585,049.29 585,049.29 585,049.29 585,049.29
₱ 4,875,410.71 ₱ 4,875,410.71 ₱ 4,875,410.71 ₱ 4,875,410.71

Schedule2: Direct Labor

2021 2022 2023 2024
4 4 4 4
8,320.00 8,320.00 8,320.00 8,320.00
12 12 12 12
399,360.00 399,360.00 399,360.00 399,360.00
₱30,907.20 ₱30,907.20 ₱30,907.20 ₱30,907.20
₱368,452.80 ₱368,452.80 ₱368,452.80 ₱368,452.80

Schedule 3: Factory Overhead

2021 2022 2023 2024
9,312.00 9,312.00 9,312.00 9,312.00
314,413.20 314,413.20 314,413.20 314,413.20
8,594.00 8,594.00 8,594.00 8,594.00
83,070.00 83,070.00 83,070.00 83,070.00
60,000.00 60,000.00 60,000.00 60,000.00
24,220.00 24,220.00 24,220.00 24,220.00
862.86 862.86 862.86 862.86
59,100.00 59,100.00 59,100.00 59,100.00
559,572.06 559572.0571429 559572.05714286 559572.057142857