November 26 - Tere

Discounted Payback Period
>
Liquidity Ratios
Total Current Assets

Divide: Total Current Liabilities
Current Ratio
Schd
SOFPo
SOFPo
Schd
Total Quick Assets
Quick Ratio
SOFPo
Current Ratio
2017
2018
462,701.16
653,373.22
159,533.67
169,793.40
2.90
3.85
Quick Ratio
2017
2018
432,157.18
621,998.16
159,533.67
369,793.40
2.71
1.68
Quick Assets
2017
2018
352,099.61
537,750.00
80,057.57
84,248.16
432,157.18
621,998.16
Schd
Cash
Accounts Receivable, net
Total Quick Assets
Asset Management Ratios
Schd
Cost of Goods Sold
Divide: Average Inventory
Inventory Turnover
Schd
Inventory, beg
Inventory, end
Total
Divide by:
Average Inventory
Sales
Divide: Average Accounts Receivable
Accounts Receivable Turnover
SOFPe
Schd
SOFPe
Inventory Turnover
2017
2018
2,006,455.47
2,088,940.29
30,544
30,960
65.69
67.47
Average Inventory
2017
2018
30,543.97
30,543.97
31,375.06
30,543.97
61,919.03
1
2
30,544
30,960
2017
2018
2,508,069.33
2,639,353.51
80,058
82,153
31.33
32.13
Average Accounts Receivable
Schd
Accounts Receivable, beg
Accounts Receivable, end
Total
Divide by:
SOFPo
2017
80,057.57
80,057.57
1
80,058
2018
80,057.57
84,248.16
164,305.74
2
82,153
Purchases
Inventory Turnover
Accounts Payable Turnover

2017
2018
443,345.16
445,069.17
7,389
7,403
60.00
60.12
Accounts Payable, beg

Accounts Payable, end
Total
Divide by:
Average Accounts Payable

2017
2018
7,389.09
7,389.09
7,417.82
7,389.09
14,806.91
1
2
7,389
7,403
Schd
Schd
Schd
No. of Days
Divide: Inventory Turnover
Inventory Period
Inventory Period
2017
2018
360
360
65.69
67.47
5.48
5.34
Age of Accounts Receivable
2017
2018
360
360
31.33
32.13
11.49
11.21
No. of Days
Divide: Accounts Receivable Turnover
Schd
No. of Days
Divide: Accounts Payable Turnover
Age of Accounts Payable

2017
2018
360
360
60.00
60.12
6.00
5.99
Solvency Ratios
Schd
Total Liabilities
Divide: Owner's Equity
Debt-Equity Ratio
2017
2018
459,533.67
369,793.40
590,522.46
761,772.78
Debt-Equity Ratio
0.78
Schd
Total Liabilities
Divide: Total Assets
Debt Ratio
Schd
Owner's Equity
Equity Ratio
0.49
Debt Ratio
2017
2018
459,533.67
369,793.40
1,050,056.12
1,131,566.19
0.44
0.33
Equity Ratio
2017
2018
590,522.46
761,772.78
1,050,056.12
1,131,566.19
0.56
0.67
Profitability Ratios
Net Income
Divide: Net Sales
Return on Sales
Return on Sales
2017
2018
101,652.46
171,250.33
2,508,069.33
2,639,353.51
4.05%
6.49%
Net Income before Interest and Taxes

Divide: Average Total Assets
Return on Assets
Return on Assets
2017
2018
161,652.46
219,250.33
1,050,056.12
1,090,811.16
15.39%
20.10%
Schd
Schd
Schd
Total Assets, beg
Total Assets, end
Total
Divide by:
Average Total Assets
Schd
Net Income
Divide: Average Owner's Equity
Return on Sales
Schd
Owner's Equity, beg

2017
2018
1,050,056.12
1,050,056.12
1,131,566.19
1,050,056.12
2,181,622.31
1
2
1,050,056.12 1,090,811.16
Return on Equity
2017
2018
101,652.46
171,250.33
539,696.23
676,147.62
18.84%
25.33%
Average Owner's Equity
2017
2018
488,870.00
590,522.46
Owner's Equity, end

Total
Divide by:
590,522.46
1,079,392.46
2
539,696.23
761,772.78
1,352,295.24
2
676,147.62
Breakeven Analysis
Schd
Fixed Cost
Divide: Contribution Margin Ratio
Breakeven Sales (in pesos)
Breakeven Sales (in pesos and in units)

2017
2018
1,930,385.29
1,975,696.00
83%
83%
2,335,592.22 2,376,347.58
Fixed Cost
Divide: Contribution Margin per Unit
Breakeven Sales (in units)
1,930,385.29
475.12
4,062.96
1,975,696.00
495.90
3,984.06
Contribution Margin Ratio and Cointribution Margin per U

Schd
2017
2018
Total Sales, net of VAT based on Units Produced
2,543,710.01
2,639,353.51
Less: Variable Cost
441,313.73
444,994.31
Contribution Margin
2,102,396.28
2,194,359.20
Divide: Total Sales net of VAT bsd on Units Prod
2,543,710.01
2,639,353.51
Contribution Margin Ratio
83%
83%
Contribution Margin
Divide: Units Produced
Contribution Margin per Unit
2,102,396.28
4,425.00
475.12
Schd
Direct Materials
Indirect Materials
Total Variable Cost
6
22
Schd
Direct Labor
Indirect Labor
Driver and Del. Asst. Salary
SSS Employer's Contribution
PHILHEALTH Employer's Contribution
Pag-ibig Employer's Contribution
13th Month Pay
Depreciation Expense
14
16
17
18
19
2,194,359.20
4,425.00
495.90
Total Variable Cost

2017
2018
421,559.27
424,511.88
19,754.46
20,482.43
441,313.73
444,994.31
Total Fixed Cost
2017
2018
974,148.53
1,011,327.07
121,768.57
126,415.88
103,250.00
107,132.20
7,514.40
7,956.00
1,200.00
1,200.00
8,604.17
109,162.00
1,200.00
1,200.00
8,927.68
109,162.00
Production Tools and Supplies Expense

Cleaning Suppplies Expense
Office Supplies Expense
Repairs and Maintenance Expense
Utilities Expense -Electricity
Utilities Expense - Fuel
Utilities Expense - Water
Utilities Expense - Telephone
Rent Expense
Advertising Expense
Promoter's Fee
Bookkeeper's Fee
Permits and Licenses
Project Feasibility Cost
Doubtful Accounts Expense
Total Fixed Cost
20,119.64
10,424.11
6,800.00
134,400.00
60,000.00
27,857.14
19,800.00
10,703.57
204,000.00
18,000.00
9,000.00
60,000.00
13,600.00
7,850.00
983.16
1,930,385.29
Selling Price, Gross of VAT

Less: 12% Output VAT
Selling Price Net of VAT

2017
2018
643.83
668.04
68.98
71.58
574.85
596.46
Schd
20,876.14
10,816.05
7,055.68
139,453.44
62,256.00
28,904.57
20,544.48
11,106.03
204,000.00
18,676.80
9,338.40
62,256.00
7,040.12
51.46
1,975,696.00
Total Sales, net of VAT based on Produced Units

Schd
2017
2018
Selling Price, Net of VAT
574.85
596.46
Multiply Units Produced
4,425
4,425
2,543,710.01 2,639,353.51
Selling Price- Net of VAT

Less: Variable Cost per unit
Contribution Margin per unit
Break-even Sales in units
Break Even Sales in pesos
Fixed Cost
EBIT
Break Even Support Computation

574.85
596.46
99.73
100.56
475.12
495.90
4,062.96
3,984.06
1,930,385.29
1,975,696.00
1,930,385.29
1,975,696.00
0.00
0.00
Year
2019
878,198.79
172,357.07
5.10
2020
1,144,790.57
174,366.25
6.57
2021
1,467,554.27
77,036.58
19.05
2019
845,931.86
272,357.07
3.11
2020
1,111,669.87
174,366.25
6.38
2021
1,433,501.11
77,036.58
18.61
2019
758,515.97
87,415.90
845,931.86
2020
1,020,967.14
90,702.73
1,111,669.87
2021
1,339,387.95
94,113.16
1,433,501.11
2019
2,146,944.02
31,821
67.47
2020
2,202,013.46
32,694
67.35
2021
2,262,479.31
33,587
67.36
2019
31,375.06
32,266.93
63,641.99
2
31,821
2020
32,266.93
33,120.70
65,387.63
2
32,694
2021
33,120.70
34,053.16
67,173.86
2
33,587
2019
2,738,593.20
85,832
31.91
2020
2,841,564.31
89,059
31.91
2021
2,948,407.13
92,408
31.91
rnover
vable
2017
2018
2019
2020
2021
Author:
Dako kaayu ang incr
sa ratio. Pwede ta m
invest. Or ipa withdr
nato sa owner.
Author:
Same sa current ratio
2019
84,248.16
87,415.90
171,664.06
2
85,832
2020
87,415.90
90,702.73
178,118.63
2
89,059
2021
90,702.73
94,113.16
184,815.89
2
92,408
2019
448,965.81
7,450
60.26
2020
453,008.96
7,516
60.27
2021
457,204.13
7,585
60.28
2019
7,417.82
7,482.76
14,900.58
2
7,450
2020
7,482.76
7,550.15
15,032.91
2
7,516
2021
7,550.15
7,620.07
15,170.22
2
7,585
2019
2020
2021
over
able
360
67.47
5.34
360
67.35
5.35
360
67.36
5.34
vable
2019
360
31.91
11.28
2020
360
31.91
11.28
2021
360
31.91
11.28
ble
2019
2020
2021
360
60.26
5.97
360
60.27
5.97
360
60.28
5.97
2019
272,357.07
974,872.69
2020
174,366.25
1,238,805.18
2021
77,036.58
1,549,428.37
0.28
0.14
0.05
2019
272,357.07
1,247,229.76
0.22
2020
174,366.25
1,413,171.43
0.12
2021
77,036.58
1,626,464.95
0.05
2019
974,872.69
1,247,229.76
0.78
2020
1,238,805.18
1,413,171.43
0.88
2021
1,549,428.37
1,626,464.95
0.95
2019
213,099.91
2,738,593.20
7.78%
2020
263,932.49
2,841,564.31
9.29%
2021
310,623.19
2,948,407.13
10.54%
2019
249,099.91
1,189,397.97
20.94%
2020
287,932.49
1,330,200.59
21.65%
2021
322,623.19
1,519,818.19
21.23%
ts
2019
1,131,566.19
1,247,229.76
2,378,795.95
2
1,189,397.97
2019
213,099.91
868,322.74
24.54%
2020
1,247,229.76
1,413,171.43
2,660,401.19
2
1,330,200.59
2020
263,932.49
1,106,838.93
23.85%
2021
1,413,171.43
1,626,464.95
3,039,636.38
2
1,519,818.19
2021
310,623.19
1,394,116.78
22.28%
uity
2019
761,772.78
2020
974,872.69
2021
1,238,805.18
974,872.69
1,736,645.47
2
868,322.74
1,238,805.18
2,213,677.87
2
1,106,838.93
1,549,428.37
2,788,233.55
2
1,394,116.78
nd in units)
2019
2020
2021
2,041,291.54
2,101,344.00
2,169,374.65
84%
84%
84%
2,441,477.54 2,499,794.99 2,567,426.58
2,041,291.54
517.45
3,944.92
2,101,344.00
539.81
3,892.78
2,169,374.65
563.00
3,853.22
2020
2,841,564.31
452,926.79
2,388,637.52
2,841,564.31
84%
2021
2,948,407.13
457,118.87
2,491,288.25
2,948,407.13
84%
2,289,706.56
4,425.00
517.45
2,388,637.52
4,425.00
539.81
2,491,288.25
4,425.00
563.00
2019
427,634.37
21,252.27
448,886.64
2020
430,875.44
22,051.35
452,926.79
2021
434,238.39
22,880.48
457,118.87
2019
1,050,970.68
131,371.33
111,160.37
8,397.60
2020
1,087,194.14
135,899.27
115,340.00
8,397.60
2021
1,128,322.00
140,818.85
119,676.78
8,397.60
1,350.00
1,200.00
9,263.36
109,162.00
1,350.00
1,200.00
9,611.67
109,470.17
1,350.00
1,200.00
9,973.07
109,470.17
ution Margin per Unit

2019
2,738,593.20
448,886.64
2,289,706.56
2,738,593.20
84%
Author:
Naglibog q if fixed cost ra ba
nga related sa production
ang i-apil

nga related sa production
ang i-apil
21,661.08
11,222.74
7,320.97
144,696.89
64,596.83
29,991.38
21,316.95
11,523.61
204,000.00
19,379.05
9,689.52
64,596.83
8,381.44
38.90
2,041,291.54
22,475.54
11,644.71
7,596.24
150,137.49
67,025.67
31,119.06
22,118.47
11,956.90
204,000.00
20,107.70
10,053.85
67,025.67
7,579.49
40.36
2,101,344.00
23,320.62
12,082.55
7,881.86
155,782.66
69,545.83
32,289.14
22,950.12
12,406.48
204,000.00
20,863.75
10,431.87
69,545.83
9,023.57
41.88
2,169,374.65
2019
693.16
74.27
618.89
2020
719.22
77.06
642.16
2021
746.26
79.96
666.31
Produced Units
2019
618.89
4,425
2,738,593.20
2020
642.16
4,425
2,841,564.31
2021
666.31
4,425
2,948,407.13
642.16
102.36
539.81
3,892.78
2,101,344.00
2,101,344.00
0.00
666.31
103.30
563.00
3,853.22
2,169,374.65
2,169,374.65
0.00
VAT
putation
618.89
101.44
517.45
3,944.92
2,041,291.54
2,041,291.54
0.00

Investment to
Net Cash Inflows
Recover
988,870.00
846,239.13
618,520.39
Author:
Dako390,205.51
kaayu ang increase
sa ratio.
Pwede ta mu
154,255.93
invest. Or ipa withdraw
nato sa owner.
Author:
Same sa current ratio.
159,746.57
285,650.39
320,765.97
371,271.23
418,420.81
PV Factor
(12%)
0.89286
0.79719
0.71178
0.63552
0.56743
PV of Net Cash
Inflows
142,630.87
227,718.74
228,314.88
235,949.58
237,423.20
Balance
846,239.13
618,520.39
390,205.51
154,255.93
(83,167.28)
d cost ra ba
oduction
Scenario 1
d cost ra ba
oduction
Payback
Years
1.00
1.00
1.00
1.00
0.65
4.65
Breakeven Analysis
Schd
Fixed Cost
Fixed Cost
Contribution Margin Ratio and Cointribution Margin per Unit
Schd
Less: Variable Cost
Contribution Margin
Contribution Margin
Total Variable Cost
Schd
Direct Materials
Indirect Materials
Total Variable Cost
6
22
Total Fixed Cost

Schd
Direct Labor
Indirect Labor
13th Month Pay
14
16
17
18
19

Rent Expense
Advertising Expense
Promoter's Fee
Bookkeeper's Fee
Total Fixed Cost
Schd
Schd
Fixed Cost
EBIT
Breakeven Analysis
Schd
Fixed Cost
Fixed Cost

Schd
Less: Variable Cost
Contribution Margin
Contribution Margin
Total Variable Cost
Schd
Direct Materials
Indirect Materials
Total Variable Cost
6
22
Total Fixed Cost

Schd
Direct Labor
Indirect Labor
13th Month Pay
Rent Expense
Advertising Expense
Promoter's Fee
Bookkeeper's Fee
Total Fixed Cost
14
16
17
18
19

Schd
Schd
Fixed Cost
EBIT
Breakeven Analysis
Schd
Fixed Cost
Fixed Cost
Schd
Less: Variable Cost
Contribution Margin
Contribution Margin
Total Variable Cost

Schd
Direct Materials
Indirect Materials
Total Variable Cost
6
22
Total Fixed Cost

Schd
Direct Labor
Indirect Labor
13th Month Pay
Rent Expense
Advertising Expense
Promoter's Fee
Bookkeeper's Fee
Total Fixed Cost
14
16
17
18
19

Schd
Schd

Fixed Cost
EBIT
2017
1,930,385.29
82%
2,361,683.84
2018
1,975,696.00
82%
2,401,984.35
2019
2,041,291.54
83%
2,466,931.80
1,930,385.29
446.38
4,324.58
1,975,696.00
466.08
4,238.99
2,041,291.54
486.50
4,195.84
2017
2,416,524.51
441,313.73
1,975,210.78
2,416,524.51
82%
2018
2,507,385.84
444,994.31
2,062,391.53
2,507,385.84
82%
2019
2,601,663.54
448,886.64
2,152,776.90
2,601,663.54
83%
1,975,210.78
4,425.00
446.38
2,062,391.53
4,425.00
466.08
2,152,776.90
###
486.50
2017
421,559.27
19,754.46
441,313.73
2018
424,511.88
20,482.43
444,994.31
2019
427,634.37
21,252.27
448,886.64
2017
974,148.53
121,768.57
103,250.00
7,514.40
1,200.00
1,200.00
8,604.17
109,162.00
20,119.64
10,424.11
6,800.00
134,400.00
60,000.00
27,857.14
2018
1,011,327.07
126,415.88
107,132.20
7,956.00
1,200.00
1,200.00
8,927.68
109,162.00
20,876.14
10,816.05
7,055.68
139,453.44
62,256.00
28,904.57
2019
1,050,970.68
131,371.33
111,160.37
8,397.60
1,350.00
1,200.00
9,263.36
109,162.00
21,661.08
11,222.74
7,320.97
144,696.89
64,596.83
29,991.38
19,800.00
10,703.57
204,000.00
18,000.00
9,000.00
60,000.00
13,600.00
7,850.00
983.16
1,930,385.29
20,544.48
11,106.03
204,000.00
18,676.80
9,338.40
62,256.00
7,040.12
51.46
1,975,696.00
21,316.95
11,523.61
204,000.00
19,379.05
9,689.52
64,596.83
8,381.44
38.90
2,041,291.54
2017
643.83
68.98
574.85
2018
668.04
71.58
596.46
2019
693.16
74.27
618.89
2017
546.11
4,425
2,416,524.51
2018
566.64
4,425
2,507,385.84
2019
587.95
###
2,601,663.54
546.11
99.73
446.38
4,324.58
1,930,385.29
1,930,385.29
0.00
566.64
100.56
466.08
4,238.99
1,975,696.00
1,975,696.00
0.00
587.95
101.44
486.50
4,195.84
2,041,291.54
2,041,291.54
0.00
2017
2,023,405.18
35%
5,783,317.22
2018
2,072,065.72
35%
5,864,540.10
2019
2,141,222.42
36%
6,011,410.38
2,023,405.18
201.12
10,060.57
2,072,065.72
210.74
9,832.18
2,141,222.42
220.44
9,713.20
2017
2,543,710.01
1,653,743.96
889,966.05
2,543,710.01
35%
889,966.05
4,425.00
201.12
2018
2,639,353.51
1,706,814.24
932,539.27
2,639,353.51
35%
932,539.27
4,425.00
210.74
2019
2,738,593.20
1,763,125.42
975,467.78
2,738,593.20
36%
975,467.78
###
220.44
2017
998,502.25
655,241.71
1,653,743.96
2018
1,036,610.24
670,204.00
1,706,814.24
2019
1,077,244.95
685,880.47
1,763,125.42
2017
1,042,338.93
131,510.05
103,250.00
7,514.40
1,200.00
1,200.00
8,604.17
109,162.00
20,622.63
10,684.71
6,970.00
139,238.40
61,620.00
29,222.14
20,334.60
10,724.98
209,100.00
18,450.00
9,225.00
60,000.00
13,600.00
7,850.00
983.16
2,023,405.18
2018
1,082,119.96
136,529.15
107,132.20
7,956.00
1,200.00
1,200.00
8,927.68
109,162.00
21,398.04
11,086.45
7,232.07
144,473.76
63,936.91
30,320.90
21,099.18
11,128.24
209,100.00
19,143.72
9,571.86
62,256.00
7,040.12
51.46
2,072,065.72
2019
1,124,538.63
141,881.04
111,160.37
8,397.60
1,350.00
1,200.00
9,263.36
109,162.00
22,202.61
11,503.31
7,504.00
149,905.98
66,340.94
31,460.96
21,892.51
11,546.66
209,100.00
19,863.52
9,931.76
64,596.83
8,381.44
38.90
2,141,222.42
2017
643.83
68.98
574.85
2018
668.04
71.58
596.46
2019
693.16
74.27
618.89
2017
574.85
4,425
2,543,710.01
2018
596.46
4,425
2,639,353.51
2019
618.89
###
2,738,593.20
574.85
373.73
201.12
10,060.57
2,023,405.18
2,023,405.18
0.00
596.46
385.72
210.74
9,832.18
2,072,065.72
2,072,065.72
0.00
618.89
398.45
220.44
9,713.20
2,141,222.42
2,141,222.42
0.00
2017
2,023,405.18
32%
6,410,242.35
2018
2,072,065.72
32%
6,489,698.47
2019
2,141,222.42
32%
6,643,395.39
2,023,405.18
172.38
11,738.07
2,072,065.72
180.92
11,452.93
2,141,222.42
189.50
11,299.32
2017
2,416,524.51
1,653,743.96
762,780.55
2,416,524.51
32%
2018
2,507,385.84
1,706,814.24
800,571.59
2,507,385.84
32%
2019
2,601,663.54
1,763,125.42
838,538.12
2,601,663.54
32%
762,780.55
4,425.00
172.38
800,571.59
4,425.00
180.92
838,538.12
###
189.50
2017
998,502.25
655,241.71
1,653,743.96
2018
1,036,610.24
670,204.00
1,706,814.24
2019
1,077,244.95
685,880.47
1,763,125.42
2017
1,042,338.93
131,510.05
103,250.00
7,514.40
1,200.00
1,200.00
8,604.17
109,162.00
20,622.63
10,684.71
6,970.00
139,238.40
61,620.00
29,222.14
20,334.60
10,724.98
209,100.00
18,450.00
9,225.00
60,000.00
13,600.00
7,850.00
983.16
2,023,405.18
2018
1,082,119.96
136,529.15
107,132.20
7,956.00
1,200.00
1,200.00
8,927.68
109,162.00
21,398.04
11,086.45
7,232.07
144,473.76
63,936.91
30,320.90
21,099.18
11,128.24
209,100.00
19,143.72
9,571.86
62,256.00
7,040.12
51.46
2,072,065.72
2019
1,124,538.63
141,881.04
111,160.37
8,397.60
1,350.00
1,200.00
9,263.36
109,162.00
22,202.61
11,503.31
7,504.00
149,905.98
66,340.94
31,460.96
21,892.51
11,546.66
209,100.00
19,863.52
9,931.76
64,596.83
8,381.44
38.90
2,141,222.42
2017
643.83
68.98
574.85
2018
668.04
71.58
596.46
2019
693.16
74.27
618.89
2017
546.11
4,425.00
2,416,524.51
2018
566.64
4,425.00
2,507,385.84
2019
587.95
4,425
2,601,663.54
546.11
373.73
172.38
11,738.07
2,023,405.18
2,023,405.18
0.00
566.64
385.72
180.92
11,452.93
2,072,065.72
2,072,065.72
0.00
587.95
398.45
189.50
11,299.32
2,141,222.42
2,141,222.42
0.00
2020
2,101,344.00
83%
2,524,994.06
2021
2,169,374.65
84%
2,592,462.53
2,101,344.00
507.70
4,138.97
2,169,374.65
529.69
4,095.57
2020
2,699,486.09
452,926.79
2,246,559.30
2,699,486.09
83%
2021
2,800,986.77
457,118.87
2,343,867.90
2,800,986.77
84%
2,246,559.30
4,425.00
507.70
2,343,867.90
###
529.69
2020
430,875.44
22,051.35
452,926.79
2021
434,238.39
22,880.48
457,118.87
2020
1,087,194.14
135,899.27
115,340.00
8,397.60
1,350.00
1,200.00
9,611.67
109,470.17
22,475.54
11,644.71
7,596.24
150,137.49
67,025.67
31,119.06
2021
1,128,322.00
140,818.85
119,676.78
8,397.60
1,350.00
1,200.00
9,973.07
109,470.17
23,320.62
12,082.55
7,881.86
155,782.66
69,545.83
32,289.14
22,118.47
11,956.90
204,000.00
20,107.70
10,053.85
67,025.67
7,579.49
40.36
2,101,344.00
22,950.12
12,406.48
204,000.00
20,863.75
10,431.87
69,545.83
9,023.57
41.88
2,169,374.65
2020
719.22
77.06
642.16
2021
746.26
79.96
666.31
2020
610.05
4,425
2,699,486.09
2021
632.99
###
2,800,986.77
610.05
102.36
507.70
4,138.97
2,101,344.00
2,101,344.00
0.00
632.99
103.30
529.69
4,095.57
2,169,374.65
2,169,374.65
0.00
2020
2,204,577.07
36%
6,109,528.52
2021
2,276,299.76
36%
6,251,406.21
2,204,577.07
231.72
9,514.01
2,276,299.76
242.62
9,382.18
2020
2,841,564.31
1,816,207.36
1,025,356.95
2,841,564.31
36%
2021
2,948,407.13
1,874,815.33
1,073,591.80
2,948,407.13
36%
1,025,356.95
4,425.00
231.72
1,073,591.80
###
242.62
2020
1,114,373.99
701,833.37
1,816,207.36
2021
1,156,530.05
718,285.28
1,874,815.33
2020
1,163,297.73
146,771.21
115,340.00
8,397.60
1,350.00
1,200.00
9,611.67
109,470.17
23,037.43
11,935.83
7,786.15
155,542.44
68,835.36
32,643.89
22,715.67
11,980.81
209,100.00
20,610.39
10,305.20
67,025.67
7,579.49
40.36
2,204,577.07
2021
1,207,304.54
152,084.36
119,676.78
8,397.60
1,350.00
1,200.00
9,973.07
109,470.17
23,903.64
12,384.62
8,078.91
161,390.84
71,423.57
33,871.30
23,569.78
12,431.29
209,100.00
21,385.34
10,692.67
69,545.83
9,023.57
41.88
2,276,299.76
2020
719.22
77.06
642.16
2021
746.26
79.96
666.31
2020
642.16
4,425
2,841,564.31
2021
666.31
###
2,948,407.13
642.16
410.44
231.72
9,514.01
2,204,577.07
2,204,577.07
0.00
666.31
423.69
242.62
9,382.18
2,276,299.76
2,276,299.76
0.00
2020
2,204,577.07
33%
6,737,652.47
2021
2,276,299.76
33%
6,884,130.97
2,204,577.07
199.61
11,044.37
2,276,299.76
209.30
10,875.55
2020
2,699,486.09
1,816,207.36
883,278.73
2,699,486.09
33%
2021
2,800,986.77
1,874,815.33
926,171.44
2,800,986.77
33%
883,278.73
4,425.00
199.61
926,171.44
###
209.30
2020
1,114,373.99
701,833.37
1,816,207.36
2021
1,156,530.05
718,285.28
1,874,815.33
2020
1,163,297.73
146,771.21
115,340.00
8,397.60
1,350.00
1,200.00
9,611.67
109,470.17
23,037.43
11,935.83
7,786.15
155,542.44
68,835.36
32,643.89
22,715.67
11,980.81
209,100.00
20,610.39
10,305.20
67,025.67
7,579.49
40.36
2,204,577.07
2021
1,207,304.54
152,084.36
119,676.78
8,397.60
1,350.00
1,200.00
9,973.07
109,470.17
23,903.64
12,384.62
8,078.91
161,390.84
71,423.57
33,871.30
23,569.78
12,431.29
209,100.00
21,385.34
10,692.67
69,545.83
9,023.57
41.88
2,276,299.76
2020
719.22
77.06
642.16
2021
746.26
79.96
666.31
2020
610.05
4,425
2,699,486.09
2021
632.99
###
2,800,986.77
610.05
410.44
199.61
11,044.37
2,204,577.07
2,204,577.07
0.00
632.99
423.69
209.30
10,875.55
2,276,299.76
2,276,299.76
0.00
Gross Sales, net of VAT

Less: Costof Goods Sold
Gross Profit
Less: Operating Expenses
General and Administration Expenses
Selling Expenses
Net Operating Income

Gross Profit
Selling Expenses

Gross Profit
Selling Expenses
1
Net Income
Return on Equity
Breakeven Sales
Units
Pesos
2
Net Income
Return on Equity
Breakeven Sales
Units
Pesos
3
Net Income
Return on Equity
Breakeven Sales
Units
Pesos
2017
39,479.38
7.76%
4,324.58
2,361,683.84
2017
32,317.58
6.40%
10,060.57
5,783,317.22
2017
(93,085.89)
-21.04%
11,738.07
6,410,242.35
2018
87,451.74
13.72%
4,238.99
2,401,984.35
2018
111,168.63
17.12%
9,832.18
5,864,540.10
2018
(20,799.05)
-3.57%
11,452.93
6,489,698.47
Discounted Payback
Scenario 1
Year
Investment to Recover Net Cash Inflows
PV Factor (12%)
2017
988,870.00
158,950.97
0.89286
2018
846,949.49
205,064.60
0.79719
2019
683,473.25
222,392.72
0.71178
2020
525,178.50
255,845.55
0.63552
2021
362,584.03
285,752.72
0.56743
Scenario 1
Schedule
Cash Flow from Operating Activities
Net Income (Loss) for the year SOFP
27
(Increase) Decrease in Accounts Receivable, net
2017
2018
39,479.38
109,162.00
(18,680.10)
87,451.74
109,162.00
(977.80)
(Increase) Decrease in Inventory
(30,543.97)
Increase (Decrease) in Accounts Payable

Increase (Decrease) in Accrued Expenses
Increase (Decrease) of Withholding Tax Payable
Increase (Decrease) of VAT Payable
Net Cash provided by Operating Activities
(831.08)
7,389.09
28.73
34,237.20
1,350.00
16,557.38
158,950.97
1,350.40
18.80
8,861.80
205,064.60
Scenario 2
Year
Investment to Reco Net
2017
988,870.00
2018
908,071.01
2019
728,312.77
2020
554,015.94
2021
376,078.96
Schedule
Net Income (Loss) for the ye SOFP
27
(Increase) Decrease in Accounts Receivable, ne
Increase (Decrease) of Withholding Tax Payabl
Cash Inflows PV Factor (12%)

90,494.87
0.89286
225,488.73
0.79719
244,874.50
0.71178
279,987.29
0.63552
311,266.07
0.56743
2017
2018
32,317.58
109,162.00
(79,923.25)
(30,496.14)
7,332.18
34,237.20
1,350.00
16,515.30
90,494.87
111,168.63
109,162.00
(4,183.56)
(915.87)
28.73
1,350.40
18.80
8,859.60
225,488.73
Scenario 1
Breakeven Analysis
Schd
Fixed Cost
Fixed Cost
2017
1,593,654.28
81%
2018
2019
1,644,702.20
1,698,870.09
84%
84%
1,955,928.34
1,959,311.09
2,013,132.31
1,593,654.28
1,644,702.20
1,698,870.09

3,015.31
3,482.32
3,500.84
528.52
472.30
485.27
Scenario 2
Breakeven Analysis
Schd
Fixed Cost
Fixed Cost
2017
1,558,833.77
82%
2018
2019
1,608,616.49
1,661,556.97
83%
83%
1,901,843.61
1,944,687.06
1,997,085.71
1,558,833.77
1,608,616.49
1,661,556.97
3,192.95
3,268.12
3,287.11
488.21
492.21
505.48
Scenario 3
Breakeven Analysis
Schd
2017
Fixed Cost
1,558,833.77
Divide: Contribution Margin R
81%
1,924,127.29
2018
1,608,616.49
82%
1,966,308.07
2019
1,661,556.97
82%
2,018,539.21
Fixed Cost
Divide: Contribution Margin p
1,608,616.49
3,070.58
523.88
1,661,556.97
3,089.56
537.80
1,558,833.77
2,998.17
519.93
Scenario 1
Schedule
2017
Decrease sales, constant cost and exp

2018
2,382,665.87
2,006,455.47
376,210.40
2,507,385.84
2,088,940.29
418,445.55
161,022.45
175,708.57
39,479.38
149,012.63
181,981.17
87,451.74
336,731.02
Scenario 2
Schedule
2017
2,508,069.33
2,136,220.35
371,848.98
162,527.50
177,003.91
32,317.58
Constant sales, increase cost and expe
2018
2,639,353.51
2,194,323.75
445,029.76
150,535.92
183,325.21
111,168.63
Scenario 3
Schedule
2017
2,382,665.87
2,136,220.35
246,445.51
162,527.50
177,003.91
(93,085.89)
2018
2,507,385.84
2,194,323.75
313,062.08
150,535.92
183,325.21
(20,799.05)
2019
112,298.07
13.67%
5.43
4,195.84
2,466,931.80
2019
137,261.98
16.46%
6.13
9,713.20
6,011,410.38
2019
332.32
0.04%
12.40
11,299.32
6,643,395.39
PV of Net Cash Inflows Balance

141,920.51
163,476.24
158,294.75
162,594.47
162,143.77
2020
145,986.90
13.89%
4,138.97
2,524,994.06
2020
172,737.28
16.22%
9,514.01
6,109,528.52
2020
30,659.07
3.09%
11,044.37
6,737,652.47
2021
ROE
175,340.45
13.18%
4,095.57
2,592,462.53
2021
203,560.52
15.14%
9,382.18
6,251,406.21
2021
56,140.16 ROE
4.42%
10,875.55
6,884,130.97
Payback Years
846,949.49
683,473.25
525,178.50
362,584.03
200,440.26
1.00
1.00
1.00
1.00
1.43
5.43 ROE
2019
2020
2021
112,298.07
109,162.00
(739.14)
145,986.90
109,470.17
(766.93)
175,340.45
109,470.17
(795.77)
(891.87)
(853.77)
(932.47)
64.94
67.39
69.92
1,523.46
19.51
955.76
222,392.72
1,018.05
20.24
903.50
255,845.55
1,462.23
21.00
1,117.19
285,752.72
PV of Net Cash Infl Balance

Payback Years
80,798.99
908,071.01
1.00
179,758.23
728,312.77
1.00
174,296.83
554,015.94
1.00 Scenario 3
177,936.99
376,078.96
1.00
176,620.73
199,458.23
2.13
6.13
2019
2020
137,261.98
109,162.00
(3,162.42)
(981.02)
64.94
1,523.46
51.47
954.10
244,874.50
172,737.28
109,470.17
(3,281.32)
(946.28)
67.39
1,018.05
20.24
901.77
279,987.29
2021
203,560.52
109,470.17
(3,404.70)
(1,028.46)
69.92
1,462.23 Cash Flow from Operating Activities
21.00 Net Income (Loss) for the year
1,115.39
311,266.07
(Increase) Decrease in Accounts Receivable
Increase (Decrease) of Withholding Tax Pay

nits)
2020
2021
1,749,858.27
85%
2,063,033.58
1,749,858.27
Direct Materials
85% Indirect Materials
2,210,166.05 Total Variable Cost
1,883,820.79
1,883,820.79
Schd
6
22
3,518.69
3,535.89
497.30
532.77
Schd
Direct Labor
Indirect Labor
Depreciation Expense-Manufacturing
Rent Expense
Total Fixed Cost
nits)
2020
Schd
2021
1,710,878.74
84%
2,044,984.90
Direct Materials
6
22
1,845,473.42
1,710,878.74
1,845,473.42
3,305.40
3,323.04
517.60
555.36
Schd
Direct Labor
Indirect Labor
Rent Expense
Total Fixed Cost
Total Variable Cost

2020
1,710,878.74
83%
2,066,221.68
2021
1,845,473.42 Direct Materials
Schd
1,710,878.74
3,107.86
550.50
1,845,473.42 Total Fixed Cost

3,125.49
Schd
590.46 Direct Labor
Indirect Labor
Rent Expense
Total Fixed Cost
6
22
ales, constant cost and expense

2019
2020
2021
2,601,663.54
2,146,944.02
454,719.52
2,699,486.09
2,202,013.46
497,472.63
2,800,986.77
2,262,479.31
538,507.46
153,798.43
188,623.02
112,298.07
156,584.97
194,900.76
145,986.90
161,752.47
201,414.54
175,340.45
ales, increase cost and expense
2019
2,738,593.20
2,255,972.98
482,620.22
2020
2,841,564.31
2,314,332.44
527,231.87
2021
2,948,407.13
2,378,595.96
569,811.17
155,340.64
190,017.60
137,261.98
158,146.81
196,347.78
172,737.28
163,334.69
202,915.96
203,560.52
2019
2,601,663.54
2,255,972.98
345,690.56
2020
2,699,486.09
2,314,332.44
385,153.66
2021
2,800,986.77
2,378,595.96
422,390.81
155,340.64
190,017.60
332.32
158,146.81
196,347.78
30,659.07
163,334.69
202,915.96
56,140.16
Schd
Net Income
ROE
Schedule
Owner's Capital, Beg.
Add: Profit
SOFPo
Owner's Capital, End
Schd
Owner's Equity, beg
Owner's Equity, end
Total
Divide by:
Schd
Net Income
ROE
Schedule
Add: Profit
SOFPo
Schd
Owner's Equity, beg
Owner's Equity, end
Total
Divide by:
Schd
Net Income
ROE
Schedule
2017
39,479.38
508,609.69
7.76%
2017
488,870.00
39,479.38
528,349.38
2018
87,451.74
637,478.72
13.72%
2018
593,752.85
87,451.74
681,204.60
2017
488,870.00
528,349.38
1,017,219.38
2
508,609.69
2018
593,752.85
681,204.60
1,274,957.45
2
637,478.72
2017
32,317.58
505,028.79
6.40%
2017
488,870.00
32,317.58
521,187.58
2018
111,168.63
649,337.16
17.12%
2018
593,752.85
111,168.63
704,921.48
2017
488,870.00
521,187.58
1,010,057.58
2
505,028.79
2018
593,752.85
704,921.48
1,298,674.33
2
649,337.16
2017
(93,085.89)
442,327.06
-21.04%
2017
488,870.00
2018
(20,799.05)
583,353.33
-3.57%
2018
593,752.85
Add: Profit
SOFPo
(93,085.89)
395,784.11
(20,799.05)
572,953.80

Schd
Owner's Equity, beg
Owner's Equity, end
Total
Divide by:
2017
488,870.00
395,784.11
884,654.11
2
442,327.06
2018
593,752.85
572,953.80
1,166,706.65
2
583,353.33

Year
Investment to Recover
Net Cash Inflows
PV Factor (12%)
2017
988,870.00
(34,908.60)
0.89286
2018
1,020,038.39
93,521.05
0.79719
2019
945,483.98
107,944.84
0.71178
2020
868,650.97
137,909.08
0.63552
2021
781,007.26
163,845.71
0.56743
Schedule
2017
2018
m Operating Activities
Loss) for the year
SOFP
on Expense
27
(93,085.89)
(20,799.05)
109,162.00
109,162.00
Decrease in Accounts Receivable, net
(79,923.25)
(4,183.56)
Decrease in Inventory
(30,496.14)
(915.87)
Decrease) in Accounts Payable
Decrease) in Accrued Expenses
Decrease) of Withholding Tax Payable
Decrease) of VAT Payable
vided by Operating Activities
7,332.18
28.73
34,237.20
1,350.40
1,350.00
18.80
16,515.30
8,859.60
(34,908.60)
Total Variable Cost

2017
2018
421,559.27
424,511.88
19,754.46
20,482.43
441,313.73
444,994.31
Total Fixed Cost
2019
427,634.37
21,252.27
448,886.64
93,521.05
2020
430,875.44
22,051.35
452,926.79
Author:
nga related sa production ang
i-apil
2017
2018
Author:
nga related sa production ang
2019 i-apil
2020
974,148.53
1,011,327.07
1,050,970.68
1,087,194.14
121,768.57
89,269.23
20,119.64
7,296.88
120,960.00
54,000.00
25,071.43
17,820.00
126,415.88
89,269.23
20,876.14
7,571.24
125,508.10
56,030.40
26,014.11
18,490.03
131,371.33
89,269.23
21,661.08
7,855.92
130,227.20
58,137.14
26,992.24
19,185.26
135,899.27
89,577.40
22,475.54
8,151.30
135,123.74
60,323.10
28,007.15
19,906.62
163,200.00
163,200.00
163,200.00
163,200.00
1,593,654.28
1,644,702.20
1,698,870.09
1,749,858.27
2019
438,325.23
21,783.58
460,108.81
2020
441,647.32
22,602.63
464,249.96
Total Variable Cost

2017
2018
432,098.25
435,124.68
20,248.33
20,994.49
452,346.58
456,119.17
2017
Total Fixed Cost

2018
2019
2020
1,042,338.93
1,082,119.96
1,124,538.63
1,163,297.73
131,510.05
89,269.23
20,622.63
7,479.30
4,354.56
55,458.00
26,299.93
18,301.14
163,200.00
1,558,833.77
136,529.15
89,269.23
21,398.04
7,760.52
4,518.29
57,543.22
27,288.81
18,989.26
163,200.00
1,608,616.49
141,881.04
89,269.23
22,202.61
8,052.31
4,688.18
59,706.85
28,314.86
19,703.26
163,200.00
1,661,556.97
146,771.21
89,577.40
23,037.43
8,355.08
4,864.45
61,951.82
29,379.50
20,444.10
163,200.00
1,710,878.74
2017
432,098.25
20,248.33
452,346.58
2018
435,124.68
20,994.49
456,119.17
2019
438,325.23
21,783.58
460,108.81
2020
441,647.32
22,602.63
464,249.96
2017
1,042,338.93
131,510.05
89,269.23
20,622.63
7,479.30
4,354.56
55,458.00
26,299.93
18,301.14
163,200.00
1,558,833.77
2018
1,082,119.96
136,529.15
89,269.23
21,398.04
7,760.52
4,518.29
57,543.22
27,288.81
18,989.26
163,200.00
1,608,616.49
2019
1,124,538.63
141,881.04
89,269.23
22,202.61
8,052.31
4,688.18
59,706.85
28,314.86
19,703.26
163,200.00
1,661,556.97
2020
1,163,297.73
146,771.21
89,577.40
23,037.43
8,355.08
4,864.45
61,951.82
29,379.50
20,444.10
163,200.00
1,710,878.74
Cost of Goods Sold effect

Schedule 5
Total Cost and Unit Cost of Goods Manufactured
Schedule
2017
2.5% Direct Materials
9
432,098.25
7% Direct Labor
10
1,042,338.93
Manufacturing Overhead
16
661,783.17
Total Cost of Goods Manufactured
2,136,220.35
4,425.00
Unit Cost
482.76
2019
112,298.07
821,321.30
13.67%
2019
765,172.27
112,298.07
877,470.34
2020
145,986.90
1,051,393.45
13.89%
2020
978,400.00
145,986.90
1,124,386.90
2021
175,340.45
1,330,135.34
13.18%
2021
1,242,465.11
175,340.45
1,417,805.57
2019
765,172.27
877,470.34
1,642,642.61
2
821,321.30
2020
978,400.00
1,124,386.90
2,102,786.90
2
1,051,393.45
2021
1,242,465.11
1,417,805.57
2,660,270.68
2
1,330,135.34
2019
137,261.98
833,803.26
16.46%
2019
765,172.27
137,261.98
902,434.25
2020
172,737.28
1,064,768.64
16.22%
2020
978,400.00
172,737.28
1,151,137.28
2021
203,560.52
1,344,245.37
15.14%
2021
1,242,465.11
203,560.52
1,446,025.63
2019
765,172.27
902,434.25
1,667,606.52
2
833,803.26
2020
978,400.00
1,151,137.28
2,129,537.28
2
1,064,768.64
2021
1,242,465.11
1,446,025.63
2,688,490.75
2
1,344,245.37
2019
332.32
765,338.43
0.04%
2019
765,172.27
2020
30,659.07
993,729.53
3.09%
2020
978,400.00
2021
56,140.16
1,270,535.20
4.42%
2021
1,242,465.11
ost ra ba
uction ang
332.32
765,504.59
2019
765,172.27
765,504.59
1,530,676.86
2
765,338.43
PV of Net Cash Inflows
30,659.07
1,009,059.06
56,140.16
1,298,605.28
2020
978,400.00
1,009,059.06
1,987,459.06
2
993,729.53
2021
1,242,465.11
1,298,605.28
2,541,070.39
2
1,270,535.20
Balance
(31,168.39)
Payback Years
1,020,038.39
1.00
74,554.41
945,483.98
1.00
76,833.01
868,650.97
1.00
87,643.71
781,007.26
1.00
92,970.46
688,036.80
8.40
12.40
2019
2020
2021
332.32
30,659.07
56,140.16
109,162.00
109,470.17
109,470.17
(3,162.42)
(3,281.32)
(3,404.70)
(981.02)
(946.28)
(1,028.46)
64.94
67.39
69.92
1,523.46
1,018.05
1,462.23
51.47
20.24
21.00
954.10
901.77
1,115.39
107,944.84
137,909.08
163,845.71
2021
434,238.39
22,880.48
457,118.87
ost ra ba
uction ang
2021
1,128,322.00
140,818.85
89,577.40
23,320.62
8,457.79
140,204.40
140,204.40
29,060.22
20,655.11
Schd
Total Sales, net of VAT

Less: Variable Cost
Contribution Margin
Divide: Total Sales net of VAT
163,200.00 Contribution Margin Ratio
Contribution Margin Ratio and Coi

2017
2
2,382,665.87
441,313.73
1,941,352.13
2,382,665.87
81%
1,883,820.79
Contribution Margin
Divide: Selling Price Net of VAT
1,941,352.13
643.83
3,015.31
2021
445,094.35
23,452.49
468,546.84
Author:
Naglibog q if fixed cost ra
ba nga related sa
2021
production ang i-apil
1,207,304.54
152,084.36
89,577.40
23,903.64
8,669.23
5,047.36
143,989.91
30,484.17
21,212.80
163,200.00
1,845,473.42 Total Sales, net of VAT
Schd
Less: Variable Cost

Contribution Margin
Contribution Margin
Contribution Margin Ratio and Coi

2017
2
2,508,069.33
452,346.58
2,055,722.75
2,508,069.33
82%
2,055,722.75
643.83
3,192.95
2021
445,094.35
23,452.49
468,546.84
2021
1,207,304.54
152,084.36
89,577.40
23,903.64
8,669.23
5,047.36
143,989.91
30,484.17
21,212.80 Contribution Margin Ratio and Cointribution Margin per Unit
163,200.00
Schd
2017
1,845,473.42 Total Sales, net of VAT
2
2,382,665.87
Less: Variable Cost
452,346.58
Contribution Margin
1,930,319.29
2,382,665.87
81%
Contribution Margin
1,930,319.29
643.83
2,998.17
2018
435,124.68
1,082,119.96
677,079.11
2,194,323.75
4,425.00
495.89
2019
438,325.23
1,124,538.63
693,109.12
2,255,972.98
4,425.00
509.82
2020
441,647.32
1,163,297.73
709,387.38
2,314,332.44
4,425.00
523.01
2021 Scenario 2
445,094.35
1,207,304.54
726,197.06
8.00%
2,378,595.96
2.50%
###
537.54
2.50%
2.50%
3.60%
2.70%
4.90%
2.70%
2.50%
102.50%
102.50%
102.70%
102.70%
100.20%
102.50%
108%
103.60%
104.90%
102.50%
102.50%
rgin Ratio and Cointribution Margin per Unit

2018
2019
2,771,321.19
2,875,522.86
444,994.31
448,886.64
2,326,326.88
2,426,636.22
2,771,321.19
2,875,522.86
84%
84%
2,326,326.88
668.04
3,482.32
2,426,636.22
693.16
3,500.84
rgin Ratio and Cointribution Margin per Unit

2018
2019
2,639,353.51
2,738,593.20
456,119.17
460,108.81
2,183,234.34
2,278,484.40
2,639,353.51
2,738,593.20
83%
83%
2,183,234.34
668.04
2,278,484.40
693.16
2020
2,983,642.52
452,926.79
2,530,715.74
2,983,642.52
85%
2021
3,095,827.48
457,118.87
2,638,708.61
3,095,827.48
85%
2,530,715.74
719.22
3,518.69
2,638,708.61
746.26
3,535.89
2020
2,841,564.31
464,249.96
2,377,314.35
2,841,564.31
84%
2021
2,948,407.13
468,546.84
2,479,860.28
2,948,407.13
84%
2,377,314.35
719.22
2,479,860.28
746.26
3,268.12
3,287.11
3,305.40
3,323.04
2018
2,507,385.84
456,119.17
2,051,266.67
2,507,385.84
82%
2019
2,601,663.54
460,108.81
2,141,554.74
2,601,663.54
82%
2020
2,699,486.09
464,249.96
2,235,236.14
2,699,486.09
83%
2021
2,800,986.77
468,546.84
2,332,439.93
2,800,986.77
83%
2,051,266.67
668.04
3,070.58
2,141,554.74
693.16
3,089.56
2,235,236.14
719.22
3,107.86
2,332,439.93
746.26
3,125.49
Schedule 20
Indirect Labor
Indirect Materials
Depreciation Expense - Manufacturing Overhead
Rent Expense
Total Manufacturing Overhead
Schedule
21
22
42
44
47
52
53
54
56
2017
131,510.05
20,248.33
89,269.23
20,622.63
7,479.30
125,314.56
55,458.00
26,299.93
18,301.14
167,280.00
661,783.17
Schedule 63
General and Administrative Expenses
Office Clerk Salary
PHILHEALTH Contribution
Schedule
Financing
62
15
16
17
2017
7,850.00
13,600.00
-

13th Month Pay
Bookkeeper's Fee
Depreciation Expense-Leasehold
Depreciation Expense-Office Equipment
Depreciation Expense-Furniture and Fixtures-Office
Cleaning Supplies Expense
Utilities Expense-Electricity
Utilities Expense-Water
Utilities Expense-Telephone
Rent Expense
Total Gen. and Admin. Expense
18
19
61
40
35
37
46
47
54
56
53
58
66
60,000.00
4,781.52
3,642.86
754.11
3,205.41
6,970.00
6,162.00
2,033.46
10,724.98
41,820.00
983.16
162,527.50
Schedule 64
Selling Expense
13th Month Pay
Depreciation Expense-Pick up Van
Repairs and Maintenance
Utilities Expense-Fuel
Advertising Expense
Promoter's Fee
Total Selling Expense
Schedule
14
16
17
18
19
28
49
55
59
60
2017
111,510.00
7,514.40
1,200.00
1,200.00
8,604.17
10,714.29
13,440.00
2,785.71
18,000.00
9,000.00
183,968.57
2018
136,529.15
20,994.49
89,269.23
21,398.04
7,760.52
130,026.39
57,543.22
27,288.81
18,989.26
167,280.00
677,079.11
2019
141,881.04
21,783.58
89,269.23
22,202.61
8,052.31
134,915.38
59,706.85
28,314.86
19,703.26
167,280.00
693,109.12
2020
146,771.21
22,602.63
89,577.40
23,037.43
8,355.08
139,988.20
61,951.82
29,379.50
20,444.10
167,280.00
709,387.38
2021
152,084.36
23,452.49
89,577.40
23,903.64
8,669.23
145,251.75
64,281.21
30,484.17
21,212.80
167,280.00
726,197.06
2018
7,040.12
-
2019
8,381.44
-
2020
7,579.49
-
2021
9,023.57
-
62,256.00
4,781.52
3,642.86
754.11
3,325.94
7,232.07
6,393.69
2,109.92
11,128.24
41,820.00
51.46
150,535.92
64,596.83
4,781.52
3,642.86
754.11
3,450.99
7,504.00
6,634.09
2,189.25
11,546.66
41,820.00
38.90
155,340.64
67,025.67
4,781.52
3,642.86
754.11
3,580.75
7,786.15
6,883.54
2,271.57
11,980.81
41,820.00
40.36
158,146.81
69,545.83
4,781.52
3,642.86
754.11
3,715.39
8,078.91
7,142.36
2,356.98
12,431.29
41,820.00
41.88
163,334.69
103.60%
104.90%
102.50%
102.50%
2018
120,430.80
7,956.00
1,200.00
1,200.00
8,927.68
10,714.29
13,945.34
2,890.46
18,676.80
9,338.40
195,279.77
2019
130,065.26
8,397.60
1,350.00
1,200.00
9,263.36
10,714.29
14,469.69
2,999.14
19,379.05
9,689.52
207,527.91
2020
140,470.49
8,397.60
1,350.00
1,200.00
9,611.67
10,714.29
15,013.75
3,111.91
20,107.70
10,053.85
220,031.24
2021
151,708.12
###
###
###
9,973.07
###
15,578.27
3,228.91
20,863.75
10,431.87
233,445.88
Schedule 64
Selling Expense
Schedule
13th Month Pay
14
16
17
18
19
2017
103,250.00
7,514.40
1,200.00
1,200.00
8,604.17
2018
107,132.20
7,956.00
1,200.00
1,200.00
8,927.68

Advertising Expense
Promoter's Fee
28
49
55
59
60
10,714.29
13,923.84
2,922.21
18,450.00
9,225.00
177,003.91
10,714.29
14,447.38
3,032.09
19,143.72
9,571.86
183,325.21
2017
18,450.00
9,225.00
177,003.91
-
2018
19,143.72
9,571.86
183,325.21
-
NEW BALANCES OF GEN. AND ADMIN

Schedule 63
Schedule
Financing
62
Office Clerk Salary
15
16
17
18
13th Month Pay
19
Bookkeeper's Fee
61
40
35
Depreciation Expense-Furniture and Fixtu
37
46
47
54
56
53
Rent Expense
58

66
204,678.91
212,040.79
2019
111,160.37
8,397.60
1,350.00
1,200.00
9,263.36
2020
115,340.00
8,397.60
1,350.00
1,200.00
9,611.67
2021
119,676.78
8,397.60
1,350.00
1,200.00
9,973.07
10,714.29
14,990.60
3,146.10
19,863.52
9,931.76
190,017.60
10,714.29
15,554.24
3,264.39
20,610.39
10,305.20
196,347.78
10,714.29
16,139.08
3,387.13
21,385.34
10,692.67
202,915.96
2019
19,863.52
9,931.76
190,017.60
-
2020
20,610.39
10,305.20
196,347.78
-
2021
21,385.34
10,692.67
202,915.96
-
219,812.89
227,263.36
234,993.98
Comparative Results
Net Income
Return on Equity
Breakeven Sales
Units
Pesos
Net Income
Return on Equity
Breakeven Sales
Units
Pesos
Net Income
Return on Equity
Breakeven Sales
Units
Pesos
2017
104,882.85
19.38%
ORIGINAL
2018
2019
171,419.42
213,227.73
25.23%
24.46%
4.38
4,062.96
2,335,592.22
172,477.11
7.24%
2017
104,882.85
19.38%
4062.96
2,335,592.22
0.69
2017
104,882.85
19.38%
4062.96
2,335,592.22
3,984.06
2,376,347.58
0.62
3,944.92
2,441,477.54
ORIGINAL
2018
2019
171,419.42
213,227.73
25.23%
24.46%
4.38
3984.06
2,376,347.58
3944.92
2,441,477.54
ORIGINAL
2018
2019
171,419.42
213,227.73
25.23%
24.46%
4.38
3984.06
2,376,347.58
3944.92
2,441,477.54
SCENARIO 1
2020
264,065.12
23.78%
2021
310,760.81
22.23%
2017
39,479.38
7.76%
2018
87,451.74
13.72%
3,892.78
2,499,794.99
3,853.22
2,567,426.58
0.88
4,324.58
2,361,683.84
20,982.02
62.36%
4,238.99
2,401,984.35
2020
264,065.12
23.78%
2021
310,760.81
22.23%
2017
32,317.58
6.40%
2018
111,168.63
17.12%
3892.78
2,499,794.99
3853.22
2,567,426.58
10,060.57
5,783,317.22
69.19%
9,832.18
5,864,540.10
35.15%
SCENARIO 2
SCENARIO 3
2020
264,065.12
23.78%
2021
310,760.81
22.23%
3892.78
2,499,794.99
3853.22
2,567,426.58
2017
(93,085.89)
-21.04%
11,738.07
6,410,242.35
189%
2018
(20,799.05)
-3.57%
11,452.93
6,489,698.47
SCENARIO 1
2019
112,298.07
13.67%
5.43
2020
145,986.90
13.89%
2021
175,340.45
13.18%
4,195.84
2,466,931.80
4,138.97
2,524,994.06
4,095.57
2,592,462.53
SCENARIO 2
2019
137,261.98
16.46%
6.13
2020
172,737.28
16.22%
2021
203,560.52
15.14%
9,713.20
6,011,410.38
35.63%
9,514.01
6,109,528.52
34.59%
9,382.18
6,251,406.21
34.50%
SCENARIO 3
2019
332.32
0.04%
12.40
2020
30,659.07
3.09%
2021
56,140.16
4.42%
11,299.32
6,643,395.39
11,044.37
6,737,652.47
10,875.55
6,884,130.97
1.75
>
Liquidity Ratios

Current Ratio
Total Quick Assets

Quick Ratio
Schd
SOFPo
SOFPo
2017
465,931.55
159,533.67
2.92
Current Ratio
2018
656,772.71
169,793.40
3.87
Schd
2017
435,387.58
159,533.67
2.73
Quick Ratio
2018
625,397.65
369,793.40
1.69
SOFPo
Schd
Cash
Total Quick Assets
2017
416,707.47
18,680.10
435,387.58
Quick Assets
2018
605,739.75
19,657.90
625,397.65
2017
2,006,455.47
30,544
65.69
Inventory Turnover
2018
2,088,940.29
30,960
67.47
Asset Management Ratios
Cost of Goods Sold

Divide: Average Inventory
Inventory Turnover
Schd
3
Schd
Inventory, beg
Inventory, end
Total
Divide by:
Average Inventory
Sales
SOFPe
Schd
SOFPe
Schd
2017
30,543.97
30,543.97
1
30,544
Average Inventory
2018
30,543.97
31,375.06
61,919.03
2
30,960
Accounts Receivable Turnove

2017
2018
2,508,069.33
2,639,353.51
18,680
19,169
134.26
137.69
2017

2018
Accounts Receivable, beg

Accounts Receivable, end
Total
Divide by:
SOFPo
Schd
Purchases
Inventory Turnover
Schd
Total
Divide by:
18,680.10
18,680.10
1
18,680
2017
443,345.16
7,389
60.00
2017
7,389.09
7,389.09
1
7,389
Schd
No. of Days
Divide: Inventory Turnover
Inventory Period
2017
360
65.69
5.48
18,680.10
19,657.90
38,338.01
2
19,169
Accounts Payable Turnover
2018
445,069.17
7,403
60.12
2018
7,389.09
7,417.82
14,806.91
2
7,403
Inventory Period
2018
360
67.47
5.34

2017
2018
360
360
134.26
137.69
2.68
2.61
No. of Days
Divide: Accounts Receivable Turnover
Schd
No. of Days
Divide: Accounts Payable Turnover
2017
360
60.00
6.00
Age of Accounts Payable

2018
360
60.12
5.99
Solvency Ratios
Schd
Total Liabilities
Divide: Owner's Equity
Debt-Equity Ratio
2017
459,533.67
593,752.85
0.77
Debt-Equity Ratio
2018
369,793.40
765,172.27
0.48
Schd
2017
459,533.67
1,053,286.52
0.44
Debt Ratio
2018
369,793.40
1,134,965.67
0.33
Schd
2017
593,752.85
1,053,286.52
0.56
Equity Ratio
2018
765,172.27
1,134,965.67
0.67
2017
104,882.85
2,508,069.33
4.18%
Return on Sales
2018
171,419.42
2,639,353.51
6.49%
2017
164,882.85
1,053,286.52
15.65%
Return on Assets
2018
219,419.42
1,094,126.10
20.05%
Total Liabilities
Debt Ratio
Owner's Equity
Equity Ratio
Profitability Ratios
Schd
Net Income
Divide: Net Sales
Return on Sales
Schd
Net Income before Interest and Taxes
Divide: Average Total Assets
Return on Assets
Schd
Total Assets, beg
Total Assets, end
Total
Divide by:
1,053,286.52
1,053,286.52
1
1,053,286.52
Schd
Net Income
Return on Sales
Schd
Owner's Equity, beg
Owner's Equity, end
2017
2017
104,882.85
541,311.43
19.38%
2017
488,870.00
593,752.85

2018
1,053,286.52
1,134,965.67
2,188,252.19
2
1,094,126.10
Return on Equity
2018
171,419.42
679,462.56
25.23%
2018
593,752.85
765,172.27
Total
Divide by:
1,082,622.85
2
541,311.43
1,358,925.12
2
679,462.56
Breakeven Analysis
Schd
Fixed Cost
Fixed Cost
Total Sales, net of VAT

Less: Variable Cost
Contribution Margin
1,593,654.28
3,595.30
443.26
Schd
2
Contribution Margin
Direct Materials
Indirect Materials
Total Variable Cost
Schd
6
22
Schd
Direct Labor
Indirect Labor
Rent Expense
Breakeven Sales (in pesos and in

2017
2018
1,593,654.28
1,644,702.20
82%
83%
1,933,946.82 1,978,231.52
1,644,702.20
3,678.95
447.06
Contribution Margin Ratio and Cointribution

2017
2018
2,508,069.33
2,639,353.51
441,313.73
444,994.31
2,066,755.60
2,194,359.20
2,508,069.33
2,639,353.51
82%
83%
2,066,755.60
574.85
3,595.30
2,194,359.20
596.46
3,678.95
2017
421,559.27
19,754.46
441,313.73
Total Variable Cost

2018
424,511.88
20,482.43
444,994.31
2017
974,148.53
121,768.57
89,269.23
20,119.64
7,296.88
120,960.00
54,000.00
25,071.43
17,820.00
163,200.00
Total Fixed Cost

2018
1,011,327.07
126,415.88
89,269.23
20,876.14
7,571.24
125,508.10
56,030.40
26,014.11
18,490.03
163,200.00
Total Fixed Cost
1,593,654.28
Schd
2017
643.83
68.98
574.85
1,644,702.20
2018
668.04
71.58
596.46
Current Ratio
2019
881,726.10
172,357.07
5.12
2020
1,148,450.50
174,366.25
6.59
Quick Ratio
2019
849,459.17
272,357.07
3.12
2020
1,115,329.81
174,366.25
6.40
2021
Author:
Dako kaayu ang
increase sa ratio.
Pwede ta mu invest.
Or ipa withdraw nato
sa owner. 2021
Author:
Same sa current ratio.
Quick Assets
2019
829,062.13
20,397.04
849,459.17
2020
1,094,165.84
21,163.97
1,115,329.81
2021
ventory Turnover
2019
2,146,944.02
31,821
67.47
2020
2,202,013.46
32,694
67.35
2021
verage Inventory
2019
31,375.06
32,266.93
63,641.99
2
31,821
2020
32,266.93
33,120.70
65,387.63
2
32,694
2021
ts Receivable Turnover
2019
2,738,593.20
20,027
136.74
2020
2,841,564.31
20,781
136.74
2021
e Accounts Receivable
2019
2020
1,471,351.82
77,036.58
19.10
1,437,298.65
77,036.58
18.66
1,415,338.92
21,959.74
1,437,298.65
2,262,479.31
33,587
67.36
33,120.70
34,053.16
67,173.86
2
33,587
2,948,407.13
21,562
136.74
2021
19,657.90
20,397.04
40,054.95
2
20,027
20,397.04
21,163.97
41,561.01
2
20,781
nts Payable Turnover

2019
448,965.81
7,450
60.26
2020
453,008.96
7,516
60.27
2021
ge Accounts Payable
2019
7,417.82
7,482.76
14,900.58
2
7,450
2020
7,482.76
7,550.15
15,032.91
2
7,516
2021
nventory Period
2019
2020
2021
360
67.47
5.34
Accounts Receivable
2019
360
136.74
2.63
of Accounts Payable
2019
21,163.97
21,959.74
43,123.71
2
21,562
457,204.13
7,585
60.28
7,550.15
7,620.07
15,170.22
2
7,585
360
67.35
5.35
2020
360
67.36
5.34
2021
360
136.74
2.63
2020
360
60.26
5.97
360
60.27
5.97
ebt-Equity Ratio
2019
272,357.07
978,400.00
0.28
2020
174,366.25
1,242,465.11
0.14
360
136.74
2.63
2021
360
60.28
5.97
2021
77,036.58
1,553,225.92
0.05
Debt Ratio
2019
272,357.07
1,250,757.07
0.22
2020
174,366.25
1,416,831.36
0.12
2021
2020
1,242,465.11
1,416,831.36
0.88
2021
Return on Sales
2019
213,227.73
2,738,593.20
7.79%
2020
264,065.12
2,841,564.31
9.29%
2021
eturn on Assets
2019
249,227.73
1,192,861.37
20.89%
2020
288,065.12
1,333,794.22
21.60%
2021
77,036.58
1,630,262.50
0.05
Equity Ratio
2019
978,400.00
1,250,757.07
0.78
erage Total Assets

2019
1,134,965.67
1,250,757.07
2,385,722.75
2
1,192,861.37
2020
1,250,757.07
1,416,831.36
2,667,588.43
2
1,333,794.22
1,553,225.92
1,630,262.50
0.95
310,760.81
2,948,407.13
10.54%
322,760.81
1,523,546.93
21.18%
2021
1,416,831.36
1,630,262.50
3,047,093.86
2
1,523,546.93
eturn on Equity
2019
213,227.73
871,786.13
24.46%
2020
264,065.12
1,110,432.56
23.78%
2021
age Owner's Equity

2019
765,172.27
978,400.00
2020
978,400.00
1,242,465.11
2021
310,760.81
1,397,845.52
22.23%
1,242,465.11
1,553,225.92
1,743,572.27
2
871,786.13
2,220,865.11
2
1,110,432.56
ales (in pesos and in units)

2019
2020
1,698,870.09
1,749,858.27
84%
84%
2,031,925.91 2,081,661.52
1,698,870.09
3,699.69
459.19
2021
1,883,820.79
84%
2,229,477.31
1,749,858.27
3,719.68
470.43
atio and Cointribution Margin per Unit

2019
2020
2,738,593.20
2,841,564.31
448,886.64
452,926.79
2,289,706.56
2,388,637.52
2,738,593.20
2,841,564.31
84%
84%
2,289,706.56
618.89
3,699.69
2,388,637.52
642.16
3,719.68
tal Variable Cost

2019
427,634.37
21,252.27
448,886.64
2020
430,875.44
22,051.35
452,926.79
Total Fixed Cost

2019
1,050,970.68
131,371.33
89,269.23
21,661.08
7,855.92
130,227.20
58,137.14
26,992.24
19,185.26
163,200.00
2,795,691.04
2
1,397,845.52
2020
1,087,194.14
135,899.27
89,577.40
22,475.54
8,151.30
135,123.74
60,323.10
28,007.15
19,906.62
163,200.00
1,883,820.79
3,738.95
503.84
2021
2,948,407.13
457,118.87
2,491,288.25
2,948,407.13
84%
2,491,288.25
666.31
3,738.95
2021
434,238.39
22,880.48
457,118.87
Author:
Naglibog q if fixed
2021
cost ra ba nga
related
sa production ang iapil
1,128,322.00
140,818.85
89,577.40
23,320.62
8,457.79
140,204.40
140,204.40
29,060.22
20,655.11
163,200.00
1,698,870.09
1,749,858.27
ng Price Net of VAT

2019
693.16
74.27
618.89
2020
719.22
77.06
642.16
1,883,820.79
2021
746.26
79.96
666.31
Year
2017
2018
2019
2020
2021
Investment to
Recover
988,870.00
788,553.54
558,138.78
328,004.29
90,368.98

Net Cash
PV Factor
Inflows
(12%)
224,354.44
0.89286
289,032.27
0.79719
323,322.38
0.71178
373,923.77
0.63552
421,173.08
0.56743
ed Payback Period
PV of Net Cash
Inflows
200,316.46
230,414.76
230,134.49
237,635.31
238,984.92
Balance
788,553.54
558,138.78
328,004.29
90,368.98
(148,615.94)
Payback
Years
1.00
1.00
1.00
1.00
0.38
4.38
A Proposed Production and Distribution of Flour from

Statement of Financial Position
For the Year Ended December 31
Schedule
ASSETS
Current Assets
Cash
Inventory
Non-Current Assets
Security Deposit
Property Plant and Equipment, net
Total Non-Current Assets
TOTAL ASSETS
LIABILITIES AND OWNER'S EQUITY
LIABILITIES
Current Liabilities
Accounts Payable
Accrued Expenses
Loans Payable
Withholding Tax Payable
VAT Payable
Total current liabilites
Non-Current Liabilites
Loans Payable
Total Liabilities
Owner's Capital
Total Owner's Equity
TOTAL LIABILITIES AND OWNER'S EQUITY
SOCF
65
68
Note 13
69
71
78
80
SCOE
2017
416,707.47
18,680.10
30,543.97
465,931.55
34,000.00
553,354.97
587,354.97
1,053,286.52
7,389.09
34,237.20
100,000.00
1,350.00
16,557.38
159,533.67
300,000.00
459,533.67
593,752.85
593,752.85
1,053,286.52
A Proposed Production and Distribution of Flour from

Statement of Changes in Equity
Schedule
Add: Profit
SOFPo
2017
488,870.00
104,882.85
593,752.85
nd Distribution of Flour from Banana Peel

ent of Financial Position
Year Ended December 31
2018
2019
2020
2021
605,739.75
19,657.90
31,375.06
656,772.71
829,062.13
20,397.04
32,266.93
881,726.10
1,094,165.84
21,163.97
33,120.70
1,148,450.50
1,415,338.92
21,959.74
34,053.16
1,471,351.82
34,000.00
444,192.97
478,192.97
1,134,965.67
###
335,030.97
369,030.97
1,250,757.07
34,000.00
234,380.86
268,380.86
1,416,831.36
34,000.00
124,910.68
158,910.68
1,630,262.50
7,417.82
35,587.60
100,000.00
1,368.80
25,419.18
169,793.40
7,482.76
37,111.06
100,000.00
1,388.31
26,374.94
172,357.07
7,550.15
38,129.11
100,000.00
1,408.55
27,278.44
174,366.25
7,620.07
39,591.34
1,429.55
28,395.63
77,036.58
200,000.00
369,793.40
765,172.27
765,172.27
1,134,965.67
100,000.00
272,357.07
978,400.00
978,400.00
1,250,757.07
174,366.25
1,242,465.11
1,242,465.11
1,416,831.36
77,036.58
1,553,225.92
1,553,225.92
1,630,262.50
2020
978,400.00
264,065.12
1,242,465.11
2021
1,242,465.11
310,760.81
1,553,225.92
nd Distribution of Flour from Banana Peel

ent of Changes in Equity
Year Ended December 31
2018
593,752.85
171,419.42
765,172.27
2019
765,172.27
213,227.73
978,400.00
A Proposed P

Net Income (Loss) for the year
(Increase) Decrease in Accounts Receivable, net
Increase (Decrease) of Withholding Tax Payable
Cash Flow from Investing Activities
Total Purchases of Equipment and Machineries-Net of VAT
Payment for security deposit
Net Cash provided by Investing Activities
Cash Flow from Financing Activities
Capital from the Owner
Acquitisition of Loan
Payment of Loan
Net Cash provided by Financing Activities
Net Increase ( Decrease ) in Cash
Add: Cash Balance , beg.
Cash Balance, end
A Proposed Production and Distribution of Flour from Banana Pe

Statement of Financial Performance
Operating Activities
for the year
Schedule
SOFP
27
104,882.85
109,162.00
(18,680.10)
(30,543.97)
7,389.09
34,237.20
1,350.00
16,557.38
224,354.44
25
Financing
(662,516.96)
(34,000.00)
(696,516.96)
Financing
488,870.00
500,000.00
(100,000.00)
888,870.00
416,707.47
0.00
416,707.47
ease in Accounts Receivable, net

ease in Inventory
ase) in Accounts Payable
ase) in Accrued Expenses
ase) of Withholding Tax Payable
ase) of VAT Payable
by Operating Activities
nvesting Activities
of Equipment and Machineries-Net of VAT
urity deposit
by Investing Activities
2017
inancing Activities
by Financing Activities
ease ) in Cash
tion of Flour from Banana Peel

al Performance
December 31
2018
2019
171,419.42
109,162.00
(977.80)
(831.08)
28.73
1,350.40
18.80
8,861.80
289,032.27
213,227.73
109,162.00
(739.14)
(891.87)
64.94
1,523.46
19.51
955.76
323,322.38
0.00
0.00
0.00
0.00
0.00
(100,000.00)
(100,000.00)
189,032.27
416,707.47
605,739.75
2020
0.00
0.00
0.00
0.00
0.00
(100,000.00)
(100,000.00)
223,322.38
605,739.75
829,062.13
264,065.12
109,470.17
(766.93)
(853.77)
67.39
1,018.05
20.24
903.50
373,923.77
(8,820.06)
0.00
(8,820.06)
0.00
0.00
(100,000.00)
(100,000.00)
265,103.71
829,062.13
1,094,165.84
2021
310,760.81
109,470.17
(795.77)
(932.47)
69.92
1,462.23
21.00
1,117.19
421,173.08
0.00
0.00
0.00
0.00
0.00
(100,000.00)
(100,000.00)
321,173.08
1,094,165.84
1,415,338.92
104,882.85
34,237.20
224,354.44
416,707.47
A Proposed Production and Distribution of Flour

Statement of Financial Performan
Total Sales, Net of Vat

Less: Cost of Goods Sold
Gross Profit
Selling Expenses
Net Income before Interest
Less:Interest Expense
Net Income before Interest
Schedule
2
3
2017
2,508,069.33
2,006,455.47
501,613.87
63
64
161,022.45
175,708.57
164,882.85
60,000.00
104,882.85
Schedule 1
Sales Budget in Units (In Sacks)
Schedule
2017
Beginning Inventory
Add: Units Produced
Total Goods Available for Sale
Less: Ending Inventory
Units Sold
0
4425
4425
62
4363
Schedule 2
Projected Sales
Units Sold
Multiply: Selling Price
Schedule
1
Table 11
2017
4,363
643.83
Total Sales-Gross of VAT

Total Sales-Net of VAT
2,809,037.65
300,968.32
2,508,069.33
Cash Sales
64% Cash Sales-Gross of VAT
Cash Sales-Net of VAT
1,797,784.10
192,619.72
1,605,164.37
Credit Sales
36% Credit Sales-Gross of VAT
Credit Sales-Net of VAT
1,011,253.55
108,348.60
902,904.96
Schedule 3
Cost of Goods Sold
Schedule
Finished Goods Inventory, Beg.

Add: Cost of Goods Manufactured
Total Goods Available for Sale
Less: Finished Goods Inventory, End
Cost of Goods Sold
Direct Materials
Direct Labor
4
5
Schedule
8
9
7
2017
0
2,034,968.01
2,034,968.01
28,512.55
2,006,455.47
Schedule 4
Total Cost and Unit Cost of Goods Manu
2017
421,559.27
974,148.53
639,260.21
Total Cost of Goods Manufactured

Unit Cost
2,034,968.01
4,425.00
459.88
Schedule 5
Computation of Finished Goods Inventory
Schedule
Units
2017
Beginning Inventory
Goods Manufactured
Total
Goods Sold
Ending Inventory
0
4,425
4,425
(4,363)
62
Schedule
2018
Beginning Inventory
Goods Manufactured
Total
Goods Sold
Ending Inventory
62
4,425
4,487
(4,425)
62
Schedule
2019
Beginning Inventory
Goods Manufactured
Total
Goods Sold
Ending Inventory
Units
Units
62
4,425
4,487
(4,425)
62
Schedule
2020
Beginning Inventory
Goods Manufactured
Total
Goods Sold
Ending Inventory
Units
62
4,425
4,487
(4,425)
62
Schedule
2021
Beginning Inventory
Goods Manufactured
Total
Goods Sold
Ending Inventory
Units
62
4,425
4,487
(4,425)
62
Schedule 6
Direct Materials
Schedule
Raw Materials, Beg - SM
Add: Raw Materials Purchases - SM
Total Raw Mat. Avail. for Use
Less: Raw Mat, End - SM
Raw Materials Used - SM
Raw Materials Purchases - BP
Total Direct Materials
7
8
6
2017
0
81,753.75
81,753.75
1,629.64
80,124.11
341,435.16
421,559.27
Schedule 7
Kg.of peels needed to produced 1 kg of flour

Multiply: Kg. of flour per sack
Kg. of peels to produce 1 sack of flour
Multiply: No. of Sacks of Flour produced
Kg. of Peels to produce Banana peel flour
Add: 10% Spoilage based on Raw Material Purchases
Raw Material Purchases-Banana Peel (kgs)
Divide: Kg in 1 sack of banana peels
Raw Material Purchases-Banana Peel (in sacks)
Multiply: Price per sack of peels
Raw Material Purchases-banana peels (pesos)
Budgeted Raw Materials Purchases - Banan

Schedule
2017
6.944444
25.00
173.61
4,425.00
768,229.12
85,358.79
853,587.91
25.00
34,143.52
10.00
341,435.16
Schedule 8
Budgeted Raw Materials Purchases - Sodium
Schedule
2017
Kg of Sodium Metabisulfite used in production per day
Multiply: No. of business days in a year
Kg of Sodium Metabisulfite used in production per year
Add: Ending Inventory
Total kg of sodium metabisulfite available for use
Less: Inventory, beg.
Raw Material Purchases- Sodium Metabisulfite(kg)
4.68
295.00
1,380.60
28.08
1,408.68
0.00
1,408.68
Mutiply: Price per kg of sodium metabislufite

Raw Materials Purchases- Sodium Metabisulfite(pesos)
gross of VAT
Less: Input VAT
Raw Material Purchases- Sodium Metabisulfite(pesos)
net of VAT
65.00
91,564.20
9,810.45
81,753.75
Schedule 9
Computation Raw Materials Inventory-Sodium Metabisulfite
Units (kg)
2017
Beginning Inventory
Goods Manufactured
Total
Goods Sold
Ending Inventory
0.00
1,408.68
1,408.68
(1,380.60)
28.08
Units (kg)
2018
Beginning Inventory
Goods Manufactured
Total
Goods Sold
Ending Inventory
28.08
1,380.60
1,408.68
(1,380.60)
28.08
Units (kg)
2019
Beginning Inventory
Goods Manufactured
Total
Goods Sold
Ending Inventory
28.08
1,380.60
1408.68
(1,380.60)
28.08
Units (kg)
2020
Beginning Inventory
Goods Manufactured
Total
Goods Sold
Ending Inventory
28.08
1,380.60
1408.68
(1,380.60)
28.08
Units (kg)
2021
Beginning Inventory
Goods Manufactured
Total
Goods Sold
Ending Inventory
28.08
1,380.60
1408.68
(1,380.60)
28.08
Schedule 10
Direct Labor
Annual Salary-Production Personnel
Schedule
11
2017
826,000.00
Add: Production Personnel's

Philhealth Employer's Contribution
13th Month Pay
Total Direct Labor
16
17
18
19
Schedule
No. of Working Days in a Year
Multiply: Rate per day
Annual Salary
Multiply: No. of Personnel
Total Salary
60,115.20
9,600.00
9,600.00
68,833.33
974,148.53
Schedule 11
Annual Salary-Production Personn
2017
295
350
103,250.00
8
826,000.00
Schedule 12
Annual Salary-Driver

Multiply: Rate per Day
Annual Salary
Multiply: No. of Driver
Total Salary
Schedule
2017
295
350
103,250.00
1
103,250.00
Schedule 13
Annual Salary-Delivery Assistan
2017
295
Schedule

Annual Salary
Multiply: No. of Delivery Assistant
Total Salary
Year
350
103,250.00
1
103,250.00
Schedule 14
Allocation of Driver and Delivery Assistant Annual Salary
Schedule
Annual Salary
2017
Driver
Delivery Assistant
Total
12
13
103,250.00
103,250.00
206,500.00
2018
Driver
Delivery Assistant
Total
12
13
107,132.20
107,132.20
214,264.40
2019
Driver
Delivery Assistant
Total
12
13
111,160.37
111,160.37
222,320.74
2020
Driver
Delivery Assistant
Total
12
13
115,340.00
115,340.00
230,680.00
2021
Driver
Delivery Assistant
Total
12
13
Schedule
Annual Salary
Multiply: No. of Office Clerk
Total Salary
119,676.78
119,676.78
239,353.57
Schedule 15
Annual Salary-Office Clerk
2017
295
1
-
Schedule 16
SSS Contribution
Year
2017
Production Personnel
Driver
Delivery Assistant
Office Clerk
Total
2018
Driver
Scd
Annual Salary
11
12
13
15
103,250.00
103,250.00
103,250.00
309,750.00
11
12
107,132.20
107,132.20
Delivery Assistant
Office Clerk
Total
13
15
107,132.20
321,396.60
2019
Driver
Delivery Assistant
Office Clerk
Total
11
12
13
15
111,160.37
111,160.37
111,160.37
333,481.11
2020
Driver
Delivery Assistant
Office Clerk
Total
11
12
13
15
115,340.00
115,340.00
115,340.00
346,020.00
2021
Driver
Delivery Assistant
Office Clerk
Total
11
12
13
15
119,676.78
119,676.78
119,676.78
359,030.35
Schedule 17
PhilHealth Contribution
Year
Scd
Annual Salary
2017
Driver
Delivery Assistant
Office Clerk
Total
11
12
13
15
103,250.00
103,250.00
103,250.00
309,750.00
2018
Driver
Delivery Assistant
Office Clerk
Total
11
12
13
15
107,132.20
107,132.20
107,132.20
321,396.60
2019
Driver
Delivery Assistant
Office Clerk
Total
11
12
13
15
111,160.37
111,160.37
111,160.37
333,481.11
2020
Driver
Delivery Assistant
Office Clerk
Total
11
12
13
15
115,340.00
115,340.00
115,340.00
346,020.00
2021
Driver
Delivery Assistant
Office Clerk
Total
11
12
13
15
119,676.78
119,676.78
119,676.78
359,030.35
Schedule 18
PAG-IBIG Contribution
Year
Scd
Annual Salary
2017
Driver
Delivery Assistant
Office Clerk
Total
11
12
13
15
103,250.00
103,250.00
103,250.00
309,750.00
2018
Driver
Delivery Assistant
Office Clerk
Total
11
12
13
15
107,132.20
107,132.20
107,132.20
321,396.60
11
12
111,160.37
111,160.37
2019
Driver
Delivery Assistant
Office Clerk
Total
13
15
111,160.37
333,481.11
2020
Driver
Delivery Assistant
Office Clerk
Total
11
12
13
15
115,340.00
115,340.00
115,340.00
346,020.00
2021
Driver
Delivery Assistant
Office Clerk
Total
11
12
13
15
119,676.78
119,676.78
119,676.78
359,030.35
Schedule 19
13th Month Pay and its Allocation
Year
2017
Driver
Delivery Assistant
Office Clerk
Total
Scd
11
12
13
15
Annual Salary
103,250.00
103,250.00
103,250.00
309,750.00
2018
Driver
Delivery Assistant
Office Clerk
Total
11
12
13
15
107,132.20
107,132.20
107,132.20
321,396.60
2019
Driver
Delivery Assistant
Office Clerk
Total
11
12
13
15
111,160.37
111,160.37
111,160.37
333,481.11
2020
Driver
Delivery Assistant
Office Clerk
Total
11
12
13
15
115,340.00
115,340.00
115,340.00
346,020.00
2021
Driver
Delivery Assistant
Office Clerk
Total
11
12
13
15
119,676.78
119,676.78
119,676.78
359,030.35
Indirect Labor
Indirect Materials
Depreciation Expense - Manufacturing Overhead
Rent Expense
Total Manufacturing Overhead
Schedule
21
22
42
44
47
52
53
54
56
Schedule 20
2017
121,768.57
19,754.46
89,269.23
20,119.64
7,296.88
120,960.00
54,000.00
25,071.43
17,820.00
163,200.00
639,260.21
Schedule 21
Indirect Labor

13th Month Pay
Total Indirect Labor
Schedule
14
16
17
18
19
2017
103,250.00
7,514.40
1,200.00
1,200.00
8,604.17
121,768.57
Schedule
2017
0
Schedule 22
Indirect Materials
Indirect Materials, Beg.
Add: Indirect Materials Purchases

Total Indirect Materials Purchases Avail. for Use
Less: Indirect Materials, End
Indirect Materials
23
24
20,156.25
20156.25
401.79
19,754.46
Schedule 23
Indirect Material Purchases
Schedule
2017
No. of sacks used daily

Multiply: No. of Days in a year
No. of Sacks Used
Add: Inventory, end
Total No. of Sacks Avail. for Use
Less: Inventory, Beg.
Indirect Material Purchases(units)
Multiply: Unit Cost
15.00
295.00
4,425.00
90.00
4,515.00
4,515.00
5.00
Indirect Materials Purchases(pesos)- Gross of VAT
22,575.00
Less: Input VAT

Indirect Materials Purchases(pesos)- Net of VAT
2,418.75
20,156.25
Schedule 24
Computation of Indirect Materials Inventory
Schedule
2017
Beginning Inventory
Goods Manufactured
Total
Goods Sold
Units
0
4,515.00
4515
(4,425.00)
Ending Inventory
90.00
2018
Beginning Inventory
Goods Manufactured
Total
Goods Sold
Ending Inventory
4,425.00
4515
(4,425.00)
90.00
2019
Beginning Inventory
Goods Manufactured
Total
Goods Sold
Ending Inventory
90.00
4,425.00
4515
(4,425.00)
90.00
2020
Beginning Inventory
Goods Manufactured
Total
Goods Sold
Ending Inventory
90.00
4,425.00
4515
(4,425.00)
90.00
2021
Beginning Inventory
Goods Manufactured
Total
Goods Sold
Ending Inventory
90.00
4,425.00
4515
(4,425.00)
90.00
90
Allocated Depreciation Exp.-Pick Up Van

Depreciation Expense-Drying Machine
Depreciation Expense-Grinding Machine
Depreciation Expense- Sifter
Depreciation Expense-Steamer
Depreciation Expense-Ventilator
Allocated Depreciation Expense- Leasehold
Depreciation-Furniture and Fixtures-Production
Depreciation-Production Tools-Capital Asset
Total Depreciation Expense- Manufacturing
Schedule
37
27
28
29
30
31
38
34
36
Schedule 81
Depreciation Expense- Manufacturing O
2017
10,714.29
27,901.79
8,571.43
6,964.29
19,132.65
1,785.71
4,781.52
6,785.71
2,631.85
89,269.23
Production and Distribution of Flour from Banana Peel

Statement of Financial Performance
2018
2,639,353.51
2,088,940.29
550,413.22
2019
2,738,593.20
2,146,944.02
591,649.18
2020
2,841,564.31
2,202,013.46
639,550.84
2021
2,948,407.13
2,262,479.31
685,927.82
149,012.63
181,981.17
219,419.42
48,000.00
171,419.42
153,798.43
188,623.02
249,227.73
36,000.00
213,227.73
156,584.97
194,900.76
288,065.12
24,000.00
264,065.12
161,752.47
201,414.54
322,760.81
12,000.00
310,760.81
2018
2019
62
4425
4487
62
4425
Schedule 2
Projected Sales
2018
2020
62
4425
4487
62
4425
2019
4,425
668.04
2021
62
4425
4487
62
4425
2020
4,425
693.16
62
4425
4487
62
4425
2021
4,425
719.22
4,425
746.26
2,956,075.93
316,722.42
2,639,353.51
3,067,224.39
328,631.18
2,738,593.20
3,182,552.02
340,987.72
2,841,564.31
3,302,215.98
353,808.86
2,948,407.13
1,891,888.60
202,702.35
1,689,186.25
1,963,023.61
210,323.96
1,752,699.65
2,036,833.30
218,232.14
1,818,601.16
2,113,418.23
226,437.67
1,886,980.56
1,064,187.34
114,020.07
950,167.26
1,104,200.78
118,307.23
985,893.55
1,145,718.73
122,755.58
1,022,963.15
1,188,797.75
127,371.19
1,061,426.57
Schedule 3
Cost of Goods Sold
2018
28,512.55
2,089,696.51
2,118,209.06
29,268.77
2,088,940.29
Schedule 4
tal Cost and Unit Cost of Goods Manufactured
2018
424,511.88
1,011,327.07
653,857.56
2019
29,268.77
2,147,756.73
2,177,025.50
30,081.48
2,146,944.02
2020
30,081.48
2,202,785.06
2,232,866.53
30,853.07
2,202,013.46
2021
30,853.07
2,263,326.51
2,294,179.58
31,700.28
2,262,479.31
2019
427,634.37
1,050,970.68
669,151.68
2020
430,875.44
1,087,194.14
684,715.48
2021
434,238.39
1,128,322.00
700,766.12
2,089,696.51
4,425.00
472.25
2,147,756.73
4,425.00
485.37
le 5
ed Goods Inventory
Unit Cost
0
459.88
459.88
459.88
459.88
Unit Cost
459.88
472.25
472.08
472.08
472.08
Unit Cost
472.08
485.37
485.19
485.19
485.19
Total Cost
0
2,034,968.01
2,034,968.01
(2,006,455.47)
28,512.55
Total Cost
28,512.55
2,089,696.51
2,118,209.06
(2,088,940.29)
29,268.77
Total Cost
29,268.77
2,147,756.73
2,177,025.50
(2,146,944.02)
30,081.48
2,202,785.06
4,425.00
497.80
2,263,326.51
4,425.00
511.49
Unit Cost
485.19
497.80
497.63
497.63
497.63
Unit Cost
497.63
511.49
511.29
511.29
511.29
Schedule 6
Direct Materials
2018
1,629.64
83,136.77
84,766.42
1,689.70
83,076.72
341,435.16
424,511.88
Schedule 7
Total Cost
30,081.48
2,202,785.06
2,232,866.53
(2,202,013.46)
30,853.07
Total Cost
30,853.07
2,263,326.51
2,294,179.58
(2,262,479.31)
31,700.28
2019
1,689.70
86,262.72
87,952.41
1,753.20
86,199.21
341,435.16
427,634.37
2020
1,753.20
89,506.19
91,259.40
1,819.12
89,440.27
341,435.16
430,875.44
2021
1,819.12
92,871.63
94,690.75
1,887.52
92,803.23
341,435.16
434,238.39
eted Raw Materials Purchases - Banana Peel (BP)

2018
2019
6.944444
6.944444
25.00
25.00
173.61
173.61
4,425.00
4,425.00
768,229.12
768,229.12
2020
6.944444
25.00
173.61
4,425.00
768,229.12
2021
6.944444
25.00
173.61
4,425.00
768,229.12
85,358.79
85,358.79
85,358.79
85,358.79
853,587.91
25.00
34,143.52
10.00
341,435.16
853,587.91
25.00
34,143.52
10.00
341,435.16
853,587.91
25.00
34,143.52
10.00
341,435.16
853,587.91
25.00
34,143.52
10.00
341,435.16
Schedule 8
ed Raw Materials Purchases - Sodium Metabisulfite
2018
2019
2020
2021
4.68
4.68
4.68
4.68
295.00
295.00
295.00
295.00
1,380.60
1,380.60
1,380.60
1,380.60
28.08
28.08
28.08
28.08
1,408.68
1,408.68
1,408.68
1,408.68
28.08
28.08
28.08
28.08
1,380.60
1,380.60
1,380.60
1,380.60
67.44
69.98
72.61
75.34
93,113.19
96,614.24
100,246.94
104,016.22
9,976.41
10,351.53
10,740.74
11,144.60
83,136.77
86,262.72
89,506.19
92,871.63
le 9
entory-Sodium Metabisulfite
Unit Cost -Net of
VAT
0.00
58.04
58.04
58.04
58.04
Unit Cost -Net of
VAT
58.04
60.22
60.17
60.17
60.17
Unit Cost -Net of
VAT
Total Cost- Net of Vat

0.00
81,753.75
81,753.75
(80,124.11)
1,629.64
1,629.64
83,136.77
84,766.42
(83,076.72)
1,689.70
60.17
62.48
62.44
62.44
62.44
Unit Cost -Net of
VAT
62.44
64.83
64.78
64.78
64.78
Unit Cost -Net of
VAT
64.78
67.27
67.22
67.22
67.22
Schedule 10
Direct Labor
2018
857,057.60
1,689.70
86,262.72
87,952.41
(86,199.21)
1,753.20
1,753.20
89,506.19
91,259.40
(89,440.27)
1,819.12
1,819.12
92,871.63
94,690.75
(92,803.23)
1,887.52
2019
889,282.97
2020
922,720.01
2021
957,414.28
63,648.00
9,600.00
9,600.00
71,421.47
1,011,327.07
Schedule 11
Annual Salary-Production Personnel
2018
295
363.16
107,132.20
8
857,057.60
Schedule 12
2018
295
363.16
107,132.20
1
107,132.20
Schedule 13
Annual Salary-Delivery Assistant
2018
295
67,180.80
10,800.00
9,600.00
74,106.91
1,050,970.68
67,180.80
10,800.00
9,600.00
76,893.33
1,087,194.14
70,723.20
10,800.00
9,600.00
79,784.52
1,128,322.00
2019
295
376.81
111,160.37
8
889,282.97
2020
295
390.98
115,340.00
8
922,720.01
2021
295
405.68
119,676.78
8
957,414.28
2019
295
376.81
111,160.37
1
111,160.37
2020
295
390.98
115,340.00
1
115,340.00
2021
295
405.68
119,676.78
1
119,676.78
2019
2020
295
2021
295
295
363.16
107,132.20
1
107,132.20
376.81
111,160.37
1
111,160.37
e 14
ry Assistant Annual Salary
Charged To
Indirect Labor
Selling
51,625.00
51,625.00
103,250.00
51,625.00
51,625.00
103,250.00
53,566.10
53,566.10
107,132.20
53,566.10
53,566.10
107,132.20
55,580.19
55,580.19
111,160.37
55,580.19
55,580.19
111,160.37
57,670.00
57,670.00
115,340.00
57,670.00
57,670.00
115,340.00
390.98
115,340.00
1
115,340.00
405.68
119,676.78
1
119,676.78
59,838.39
59,838.39
119,676.78
Schedule 15
Annual Salary-Office Clerk
2018
295
59,838.39
59,838.39
119,676.78
2019
295
-
2020
295
-
1
-
Monthly Salary
2021
295
1
-
Monthly Contribution
ER
No. of Employees
EE
8,604.17
8,604.17
8,604.17
25,812.50
626.20
626.20
626.20
626.20
2,504.80
308.80
308.80
308.80
308.80
1,235.20
8.00
1.00
1.00
1.00
11.00
8,927.68
8,927.68
663.00
663.00
327.00
327.00
8.00
1.00
8,927.68
26,783.05
663.00
663.00
2,652.00
327.00
327.00
1,308.00
1.00
1.00
11.00
9,263.36
9,263.36
9,263.36
27,790.09
699.80
699.80
699.80
699.80
2,799.20
345.20
345.20
345.20
345.20
1,380.80
8.00
1.00
1.00
1.00
11.00
9,611.67
9,611.67
9,611.67
28,835.00
699.80
699.80
699.80
699.80
2,799.20
345.20
345.20
345.20
345.20
1,380.80
8.00
1.00
1.00
1.00
11.00
9,973.07
9,973.07
9,973.07
29,919.20
736.70
736.70
736.70
736.70
2,946.80
363.30
363.30
363.30
363.30
1,453.20
8.00
1.00
1.00
1.00
11.00
Monthly Salary
No. of Employees
ER
EE
8,604.17
8,604.17
8,604.17
25,812.50
100.00
100.00
100.00
100.00
400.00
100.00
100.00
100.00
100.00
400.00
8
1
1
1
11
8,927.68
8,927.68
8,927.68
26,783.05
100.00
100.00
100.00
100.00
400.00
100.00
100.00
100.00
100.00
400.00
8
1
1
1
11
9,263.36
9,263.36
9,263.36
27,790.09
112.50
112.50
112.50
112.50
450.00
112.50
112.50
112.50
112.50
450.00
8
1
1
1
11
9,611.67
9,611.67
9,611.67
28,835.00
112.50
112.50
112.50
112.50
450.00
112.50
112.50
112.50
112.50
450.00
8
1
1
1
11
9,973.07
9,973.07
9,973.07
29,919.20
112.50
112.50
112.50
112.50
450.00
Monthly Salary
112.50
112.50
112.50
112.50
450.00
ER
8
1
1
1
11
No. of Employees
EE
8,604.17
8,604.17
8,604.17
25,812.50
100.00
100.00
100.00
100.00
400.00
100.00
100.00
100.00
100.00
400.00
8
1
1
1
11
8,927.68
8,927.68
8,927.68
26,783.05
100.00
100.00
100.00
100.00
400.00
100.00
100.00
100.00
100.00
400.00
8
1
1
1
11
9,263.36
9,263.36
100.00
100.00
100.00
100.00
8
1
9,263.36
27,790.09
100.00
100.00
400.00
100.00
100.00
400.00
1
1
11
9,611.67
9,611.67
9,611.67
28,835.00
100.00
100.00
100.00
100.00
400.00
100.00
100.00
100.00
100.00
400.00
8
1
1
1
11
9,973.07
9,973.07
9,973.07
29,919.20
100.00
100.00
100.00
100.00
400.00
100.00
100.00
100.00
100.00
400.00
8
1
1
1
11
Monthly Salary
No. of Employees
13th Month Pay
Em
DL
8,604.17
8,604.17
8,604.17
25,812.50
8
1
1
1
11
68,833.33
8,604.17
8,604.17
86,041.67
68,833.33
68,833.33
8,927.68
8,927.68
8,927.68
26,783.05
8
1
1
1
11
71,421.47
8,927.68
8,927.68
89,276.83
71,421.47
71,421.47
9,263.36
9,263.36
9,263.36
27,790.09
8
1
1
1
11
74,106.91
9,263.36
9,263.36
92,633.64
74,106.91
74,106.91
9,611.67
9,611.67
9,611.67
28,835.00
8
1
1
1
11
76,893.33
9,611.67
9,611.67
96,116.67
76,893.33
76,893.33
9,973.07
9,973.07
9,973.07
29,919.20
8
1
1
1
11
79,784.52
9,973.07
9,973.07
99,730.65
79,784.52
79,784.52
Schedule 20
2018
126,415.88
20,482.43
89,269.23
20,876.14
7,571.24
125,508.10
56,030.40
26,014.11
18,490.03
163,200.00
653,857.56
2019
131,371.33
21,252.27
89,269.23
21,661.08
7,855.92
130,227.20
58,137.14
26,992.24
19,185.26
163,200.00
669,151.68
2020
135,899.27
22,051.35
89,577.40
22,475.54
8,151.30
135,123.74
60,323.10
28,007.15
19,906.62
163,200.00
684,715.48
2021
140,818.85
22,880.48
89,577.40
23,320.62
8,457.79
140,204.40
62,591.25
29,060.22
20,655.11
163,200.00
700,766.12
Schedule 21
Indirect Labor
2018
107,132.20
7,956.00
1,200.00
1,200.00
8,927.68
126,415.88
2019
111,160.37
8,397.60
1,350.00
1,200.00
9,263.36
131,371.33
2020
115,340.00
8,397.60
1,350.00
1,200.00
9,611.67
135,899.27
2021
119,676.78
8,619.00
1,350.00
1,200.00
9,973.07
140,818.85
2019
2020
2021
2018
401.79
416.59
432.25
448.50
20,497.23
20899.0178571429
416.59
20,482.43
2018
21,267.93
21684.5197895112
432.25
21,252.27
2019
22,067.60
22499.8517308248
448.50
22,051.35
2020
22,897.34
23345.8460362472
465.37
22,880.48
2021
15.00
295.00
4,425.00
90.00
4,515.00
90.00
4,425.00
5.19
15.00
295.00
4,425.00
90.00
4,515.00
90.00
4,425.00
5.38
15.00
295.00
4,425.00
90.00
4,515.00
90.00
4,425.00
5.59
22,956.90
23,820.08
24,715.71
25,645.03
2,459.67
20,497.23
2,552.15
21,267.93
2,648.11
22,067.60
2,747.68
22,897.34
Unit Cost
Total Cost-Net of VAT
0
4.46
4.46
4.46
20156.25
20156.25
(19,754.46)
###
###
4,425.00
###
4,515.00
90.00
4,425.00
5.80
4.46
401.79
4.46
4.63
4.63
4.63
4.63
401.7857142857
20497.2321428571
20899.0178571429
(20,482.43)
416.59
4.63
4.81
4.80
4.80
4.80
416.59
21267.9280714286
21,684.52
(21,252.27)
432.25
4.80
4.99
4.98
4.98
4.98
432.25
22067.6021669143
22,499.85
(22,051.35)
448.50
4.98
5.17
5.17
5.17
5.17
448.50
22897.3440083903
23,345.85
(22,880.48)
465.37
Schedule 81
preciation Expense- Manufacturing Overhead
2018
10,714.29
27,901.79
8,571.43
6,964.29
19,132.65
1,785.71
4,781.52
6,785.71
2,631.85
89,269.23
2019
10,714.29
27,901.79
8,571.43
6,964.29
19,132.65
1,785.71
4,781.52
6,785.71
2,631.85
89,269.23
2020
10,714.29
27,901.79
8,571.43
6,964.29
19,132.65
1,785.71
4,781.52
6,785.71
2,940.02
89,577.40
2021
10,714.29
27,901.79
8,571.43
6,964.29
19,132.65
1,785.71
4,781.52
6,785.71
2,940.02
89,577.40
0.25
220.15
Refer to Production Process
Total Annual
Contribution
Annual Contribution
ER
EE
Employer's Contribu
DL
60,115.20
7,514.40
7,514.40
7,514.40
82,658.40
29,644.80
3,705.60
3,705.60
3,705.60
40,761.60
89,760.00
11,220.00
11,220.00
11,220.00
123,420.00
60,115.20
60,115.20
63,648.00
7,956.00
31,392.00
3,924.00
95,040.00
11,880.00
63,648.00
-
7,956.00
7,956.00
87,516.00
3,924.00
3,924.00
43,164.00
11,880.00
11,880.00
130,680.00
67,180.80
8,397.60
8,397.60
8,397.60
92,373.60
33,139.20
4,142.40
4,142.40
4,142.40
45,566.40
100,320.00
12,540.00
12,540.00
12,540.00
137,940.00
67,180.80
8,397.60
8,397.60
8,397.60
92,373.60
33,139.20
4,142.40
4,142.40
4,142.40
45,566.40
100,320.00
12,540.00
12,540.00
12,540.00
137,940.00
70,723.20
8,840.40
8,840.40
8,840.40
97,244.40
34,876.80
4,359.60
4,359.60
4,359.60
47,955.60
105,600.00
13,200.00
13,200.00
13,200.00
145,200.00
Annual Contribution
Total Annual
Contribution
63,648.00
67,180.80
67,180.80
67,180.80
67,180.80
70,723.20
70,723.20
Employer's Contribu
ER
EE
DL
9,600.00
1,200.00
1,200.00
1,200.00
13,200.00
9,600.00
1,200.00
1,200.00
1,200.00
13,200.00
19,200.00
2,400.00
2,400.00
2,400.00
26,400.00
9,600.00
9,600.00
9,600.00
1,200.00
1,200.00
1,200.00
13,200.00
9,600.00
1,200.00
1,200.00
1,200.00
13,200.00
19,200.00
2,400.00
2,400.00
2,400.00
26,400.00
9,600.00
9,600.00
10,800.00
1,350.00
1,350.00
1,350.00
14,850.00
10,800.00
1,350.00
1,350.00
1,350.00
14,850.00
21,600.00
2,700.00
2,700.00
2,700.00
29,700.00
10,800.00
10,800.00
10,800.00
1,350.00
1,350.00
1,350.00
14,850.00
10,800.00
1,200.00
1,200.00
1,200.00
14,400.00
21,600.00
2,550.00
2,550.00
2,550.00
29,250.00
10,800.00
10,800.00
10,800.00
1,350.00
1,350.00
1,350.00
14,850.00
10,800.00
10,800.00
10,800.00
10,800.00
43,200.00
Total Annual
Contribution
Annual Contribution
ER
21,600.00
12,150.00
12,150.00
12,150.00
58,050.00
EE
10,800.00
10,800.00
Employer's Contribu
DL
9,600.00
1,200.00
1,200.00
1,200.00
13,200.00
9,600.00
1,200.00
1,200.00
1,200.00
13,200.00
19,200.00
2,400.00
2,400.00
2,400.00
26,400.00
9,600.00
9,600.00
9,600.00
1,200.00
1,200.00
1,200.00
13,200.00
9,600.00
1,200.00
1,200.00
1,200.00
13,200.00
19,200.00
2,400.00
2,400.00
2,400.00
26,400.00
9,600.00
9,600.00
1,200.00
9,600.00
1,200.00
19,200.00
2,400.00
9,600.00
9,600.00
1,200.00
1,200.00
13,200.00
1,200.00
1,200.00
13,200.00
2,400.00
2,400.00
26,400.00
9,600.00
1,200.00
1,200.00
1,200.00
13,200.00
9,600.00
1,200.00
1,200.00
1,200.00
13,200.00
19,200.00
2,400.00
2,400.00
2,400.00
26,400.00
9,600.00
1,200.00
1,200.00
1,200.00
13,200.00
9,600.00
1,200.00
1,200.00
1,200.00
13,200.00
19,200.00
2,400.00
2,400.00
2,400.00
26,400.00
Employer's Contribution Charge to

IDL
Selling
4,302.08
4,302.08
8,604.17
GAE
4,302.08
4,302.08
8,604.17
###
-
9,600.00
9,600.00
9,600.00
9,600.00
9,600.00
4,463.84
4,463.84
8,927.68
4,463.84
4,463.84
8,927.68
###
-
4,631.68
4,631.68
9,263.36
4,631.68
4,631.68
9,263.36
###
-
4,805.83
4,805.83
9,611.67
4,805.83
4,805.83
9,611.67
###
-
4,986.53
4,986.53
9,973.07
4,986.53
4,986.53
9,973.07
###
-
103.76%

13th Month Pay
Total Indirect Labor
Schedule 12A
Indirect Labor- Delivery Assistant
Schedule
2017
103,250.00
7514.4
1200
1200
8604.1666666667
121,768.57

IDL
Selling
GAE
3,757.20
3,757.20
3,757.20
3,757.20
7,514.40
7,514.40
3,978.00
3,978.00
3,978.00
3,978.00
7,956.00
7,956.00
4,198.80
4,198.80
4,198.80
4,198.80
8,397.60
8,397.60
4,198.80
4,198.80
4,198.80
4,198.80
8,397.60
8,397.60
4,420.20
4,198.80
4,198.80
4,198.80
8,619.00
8,397.60
IDL
Selling
GAE
600.00
600.00
600.00
600.00
1,200.00
1,200.00
600.00
600.00
600.00
600.00
1,200.00
1,200.00
675.00
675.00
1,350.00
675.00
675.00
1,350.00
675.00
675.00
1,350.00
675.00
675.00
1,350.00
675.00
675.00
1,350.00
675.00
675.00
1,350.00

IDL
Selling
600.00
600.00
1,200.00
600.00
600.00
1,200.00
600.00
600.00
600.00
600.00
1,200.00
1,200.00
600.00
600.00
GAE
-
600.00
600.00
1,200.00
1,200.00
600.00
600.00
600.00
600.00
1,200.00
1,200.00
600.00
600.00
600.00
600.00
1,200.00
1,200.00
Schedule 12A
Indirect Labor- Delivery Assistant
2018
2019
2020
2021
107132.2 111160.371
115340
119676.78
7956
8397.6
8397.6
8619
1200
1350
1350
1350
1200
1200
1200
1200
8927.68333 9263.36423 9611.66672 9973.0654
126415.883 131371.335 135899.267 140818.85
Pick up Van
Drying Machine
Grinding Machine
Sifter
Steamer
Ventilator
Leasehold Improvement
Office Equipment
Furniture and Fixtures-Production
Furniture and Fixtures-Office
Production Tools-Capital Asset
Total Purchases-Gross of VAT
Less: Input VAT
Total Purchases-Net of VAT
Schedule 25
Total Purchases of Equipment and Machineries-Net of VAT
Schedule
2017
2018
26
120,000.00
0
26
250,000.00
0
26
48,000.00
0
26
39,000.00
0
26
150,000.00
0
26
10,000.00
0
26
52,833.00
0
26
20,400.00
0
26
38,000.00
0
26
4,223.00
0
26
8,843.00
0
741,299.00
0
78,782.04
0
662,516.96
0
Schedule 25
Acquisition Cost of Property and Equipment
Schedule
Acquisition Cost-Gross of VAT

Less: Input VAT
Acquisition Cost-Net of VAT
Financing
Schedule
Acquistition Cost-Gross of VAT
Less: Input VAT
Acquistition Cost-Net of VAT
Financing
Pick-up Van
120,000.00
12,857.14
107,142.86
Ventilator
10,000.00
1,071.43
8,928.57
Drying
250,000.00
26,785.71
223,214.29
Leasehold
Improvement
(Note *)
52,833.00
5,017.82
47,815.18
Continutation
Production Tools-Capital Asset
2017
919.00
2,349.00
2,000.00
1,500.00
2,075.00
8,843.00
947.46
7,895.54
Sack Trolley
Weighing Scale
Plastic Barrels
Basins
Storage Containers
Acquisition Cost-Gross of VAT
Less: Input VAT
Depreciation
Depreciation
Depreciation
Depreciation
Depreciation
Depreciation
Depreciation
Depreciation
of
of
of
of
of
of
of
of
Pick up Van
Drying Machine
Grinding Machine
Sifter
Steamer
Ventilator
Office Equipment
Schedule
28
29
30
31
32
33
34
35
2020
1,026.61
2,624.05
2,234.19
1,675.64
2,317.97
9,878.47
1,058.41
8,820.06
Schedule 27
Total Depreciation Expense
2017
2018
21,428.57
21,428.57
27,901.79
27,901.79
8,571.43
8,571.43
6,964.29
6,964.29
19,132.65
19,132.65
1,785.71
1,785.71
9,563.04
9,563.04
3,642.86
3,642.86
Depreciation of Furniture and FixturesProduction
36
6,785.71
6,785.71
Depreciation of Furniture and Fixtures-Office
37
754.11
754.11
Depreciation of Production Tools-Capital Asset

Total Depreciation
38
2,631.85
109,162.00
2,631.85
109,162.00
Schedule 28
Depreciation-Pick Up Van

Divide by: Useful Life
Annual Depreciation Expense




Schedule
26
2017
107,142.86
5
21,428.57
2018
107,142.86
5
21,428.57
Schedule
26
Schedule 29
Depreciation-Drying Machine
2017
2018
223,214.29
223,214.29
8
8
27,901.79
27,901.79
Schedule
26
Schedule 30
Depreciation-Grinding Machine
2017
2018
42,857.14
42,857.14
5
5
8,571.43
8,571.43
Schedule
26
Schedule 31
Depreciation-Sifter
2017
2018
34,821.43
34,821.43
5
5
6,964.29
6,964.29
Schedule 32
Depreciation-Production Steamer
Schedule
2017
2018
26
133,928.57
133,928.57
7
7
19,132.65
19,132.65

Schedule
26
Schedule 33
Depreciation-Ventilator
2017
2018
8,928.57
8,928.57
5
5
1,785.71
1,785.71

Schedule 34
Depreciation-Leasehold Improvement
Schedule
2017
2018
26
47,815.18
47,815.18
5
5
9,563.04
9,563.04

Schedule 35
Depreciation-Office Equipment
2017
2018
18,214.29
18,214.29
5
5
3,642.86
3,642.86
Schedule
26

Schedule 36
Depreciation-Furniture and Fixtures-Production
Schedule
2017
2018
26
33,928.57
33,928.57
5
5
6,785.71
6,785.71

Schedule 37
Depreciation-Furniture and Fixtures-Office
Schedule
2017
2018
26
3,770.54
3,770.54
5
5
754.11

Schedule 38
Depreciation-Production Tools-Capital Asset
Schedule
2017
2018
26
7,895.54
7,895.54
3
3
2,631.85
2,631.85
Factory Overhead-50%
Selling Expenses-50%
Schedule 39
Allocation of Depreciation Expense-Pick Up Van
Schedule
2017
2018
10,714.29
10,714.29
10,714.29
10,714.29
28
21,428.57
21,428.57
Factory Overhead-50%
Gen. and Admin. Expenses-50%
Depreciation Expense-LI
754.11
Schedule 40
Allocation of Depreciation Expense-Leasehold Improvements
Schedule
2017
2018
4,781.52
4,781.52
4,781.52
4,781.52
34
9,563.04
9,563.04
Schedule 41
Production Tools and Supplies-Present Annual Cost
Items
Gloves
Mask
Hair net
Plastic boots
Apron
Monthly Cost
120.00
200.00
240.00
3,192.00
1,592.00
Frequency of
Purchase per
Year
12
12
12
1
6
Present annual
Cost
1,440.00
2,400.00
2,880.00
3,192.00
9,552.00
Fire Extinguisher
Measuring Cups
Knife
Total Amount-Gross of VAT
1,500.00
575.00
995.00
1
1
1
1,500.00
575.00
995.00
22,534.00
Schedule 42
Cleaning Supplies-Present Annual Cost
Items
Brooms
Dust Pan
Garbage Can
Rugs (Big)
Rugs (small)
Cleaning Detergents
Toilet Bowl Cleaner
Tissue
Dishwashing Soap
Sponge
Floor Mop
Mop Bucket
Brush
Toilet brush
Monthly Cost
Frequency of
Purchase per
Year
40.00
42.00
276.00
120.00
15.00
55.00
230.00
280.00
66.00
55.00
350.00
50.00
20.00
15.00
6
3
2
12
12
12
12
12
12
12
2
2
3
3
Present annual
Cost
240.00
126.00
552.00
1,440.00
180.00
660.00
2,760.00
3,360.00
792.00
660.00
700.00
100.00
60.00
45.00
11,675.00
Schedule 43
Office Supplies-Present Annual Cost
Items
Bond paper(short)
Bond paper(long)
Pencil
Monthly Cost
155
175
6
Frequency of
Purchase per
Year
Present annual
Cost
12
12
12
1860
2100
72
Ballpen
Calculator
Official receipts
Journal
Ledger
Stapler
Staple wire
Puncher
Plastic Fastener
Folder(short)
Folder(long)
Scissors
Scotch tape
Logbook
Carbon Paper
Gloves
Mask
Hair net
Plastic boots
Apron
Fire Extinguisher
Measuring Cups
Knife
Less: Input VAT
Total Amount-Net of VAT
5
500
200
25
22
36
15
115
25
15
20
35
20
115
60
12
1
12
12
12
1
12
1
12
12
12
1
12
12
12
60
500
2400
300
264
36
180
115
300
180
240
35
240
1380
720
10982
Schedule 44
Production Tools and Supplies-Projected Annual Cost
Schedule
2017
2018
41
1,440.00
1,494.14
41
2,400.00
2,490.24
41
2,880.00
2,988.29
41
3,192.00
3,312.02
41
9,552.00
9,911.16
41
1,500.00
1,556.40
41
575.00
596.62
41
995.00
1,032.41
22,534.00
23,381.28
2,414.36
2,505.14
20,119.64
20,876.14
Brooms
Dust Pan
Garbage Can
Rugs (Big)
Rugs (small)
Cleaning Detergents
Toilet Bowl Cleaner
Tissue
Dishwashing Soap
Sponge
Floor Mop
Mop Bucket
Brush
Toilet brush
Less: Input VAT
Schedule 45
Cleaning Supplies-Projected Annual Cost
Schedule
2017
2018
42
240.00
249.02
42
126.00
130.74
42
552.00
572.76
42
1,440.00
1,494.14
42
180.00
186.77
42
660.00
684.82
42
2,760.00
2,863.78
42
3,360.00
3,486.34
42
792.00
821.78
42
660.00
684.82
42
700.00
726.32
42
100.00
103.76
42
60.00
62.26
42
45.00
46.69
11,675.00
12,113.98
1,250.89
1,297.93
10,424.11
10,816.05
Factory Overhead - 70%

Gen. and Admin. Expense - 30%
Annual Cleaning Supplies Expense
Schedule 46
Allocation of Cleaning Supplies Expense
Schedule
2017
2018
45
7,296.88
7,571.24
45
3,127.23
3,244.82
10,424.11
10,816.05
Bond paper(short)
Bond paper(long)
Schedule 47
Office Supplies-Projected Annual Cost
Schedule
2017
2018
43
72.00
74.71
43
60.00
62.26
Pencil
Ballpen
Calculator
Official receipts
Journal
Ledger
Stapler
Staple wire
Puncher
Plastic Fastener
Folder(short)
Folder(long)
Scissors
Scotch tape
Logbook
Carbon Paper
Less: Input VAT
Factory Equipment
Delivery Equipment
Total Monthly Repairs and Maintenance
Multiply: No. of Months
Annual Repairs and Maintenance
43
43
43
43
43
43
43
43
43
43
43
43
43
43
43
43
500.00
2,400.00
300.00
264.00
300.00
264.00
36.00
180.00
115.00
300.00
210.00
240.00
35.00
240.00
1,380.00
720.00
7,616.00
816.00
6,800.00
518.80
2,490.24
311.28
273.93
311.28
273.93
37.35
186.77
119.32
311.28
217.90
249.02
36.32
249.02
1,431.89
747.07
7,902.36
846.68
7,055.68
Schedule 48
Schedule
2017
2018
10,376.0000
10,000.00
1,245.1200
1,200.00
11,200.00
11,621.12
12
12
134,400.00
139,453.44
Schedule 49
Allocation of Repairs and Mentainance
Schedule
2017
2018

Selling Expense - 10%
Annual Repairs and Mentainance
48
48
120,960.00
13,440.00
134,400.00
125,508.10
13,945.34
139,453.44
Monthly Bill-Gross of VAT

Multiply: No. of months
Annual Electricity Expense
Schedule 50
Electricity Expense
2017
2018
5,000.00
5,188.00
12
12
60,000.00
62,256.00

Annual Billings-Gross of VAT
Less: Input VAT
Annual Fuel Expense-Net of VAT
Schedule 51
Fuel Expense
2017
2018
2,600.00
2,697.76
12
12
31,200.00
32,373.12
3,342.86
3,468.55
27,857.14
28,904.57
Monthly Bill
Annual Water Expense
Schedule 52
Water Expense
2017
2018
1,650.00
1,712.04
12
12
19,800.00
20,544.48

Annual Billings-Gross of VAT
Schedule 53
Telephone Expense
2017
2018
999.00
1,036.56
12
12
11,988.00
12,438.75
Schedule
Schedule
Schedule
Schedule
Less: Input VAT

Annual Telephone Expense-Net of VAT

Annual Electricity Expense

Selling Expense -10%
Annual Fuel Expense

Annual Water Expense
Monthly Rent Expense

Annual Rent Expense
Multiply:5%
Withholding Tax on Rent
1,284.43
10,703.57
Schedule
50
50
Schedule
51
51
Schedule
53
53
1,332.72
11,106.03
Schedule 54
Allocation of Electricity Expense
2017
2018
54,000.00
56,030.40
6,000.00
6,225.60
60,000.00
62,256.00
Schedule 55
Allocation of Fuel Expense
2017
2018
25,071.43
26,014.11
2,785.71
2,890.46
27,857.14
28,904.57
Schedule 56
Allocation of Water Expense
2017
2018
17,820.00
18,490.03
1,980.00
2,054.45
19,800.00
20,544.48
Schedule 57
Rent Expense and Expanded Withholding Tax on Rent
Schedule
2017
2018
17,000.00
17,000.00
12
12
204,000.00
204,000.00
5%
5%
10,200.00
10,200.00

Annual Rent Expense
Schedule
57
57
Schedule 58
Allocation of Rent Expense
2017
2018
163,200.00
163,200.00
40,800.00
40,800.00
204,000.00
204,000.00
Monthly Advertising Expense

Annual Advertising Expense-Gross of VAT
Less: Input VAT
Annual Advertising Expense-Net of VAT
Schedule 59
Advertising Expense
2017
2018
1,680.00
1,743.17
12
12
20,160.00
20,918.02
2,160.00
2,241.22
18,000.00
18,676.80
No. of Weeks to Promote

Multiply: Rate per Week
Total fee per Promoter
No. of Promoters
Total Promoter's Fee
Schedule 60
Promoter's Fee
2017
2018
2
2
1,500.00
1,556.40
3,000.00
3,112.80
3
3
9,000.00
9,338.40
Schedule
Schedule
Monthly Professional Fees

Annual Professional Fees
Multiply: 10%
Withholding Tax on Professional Fees
Schedule 61
Professional Fees and Expanded Withholding Tax on Professional Fees
Schedule
2017
2018
5,000.00
5,188.00
12
12
60,000.00
62,256.00
10%
10%
6,000.00
6,225.60
Schedule
Schedule 62
2017
2018
1,000.00
1,037.60
100.00
103.76
215.00
223.08
100.00
103.76
100.00
103.76
5,815.00
3,570.00
3,704.23
500.00
518.80
1,000.00
1,200.00
1,245.12
13,600.00
7,040.12
Mayor's Permit
Barangay Clearance
Police Clearance
Fire Safety Inspection
Sanitary Permit
DTI Registration
LTO Registration
BIR Registration
BMBE Registration
Documentary Stamp Tax
Total Permits and Licenses
Financing

Office Clerk Salary
13th Month Pay
Bookkeeper's Fee
Schedule 63
Schedule
2017
2018
Financing
7,850.00
62
13,600.00
7,040.12
15
16
17
18
19
61
60,000.00
62,256.00
40
4,781.52
4,781.52
35
3,642.86
3,642.86
Depreciation Expense-Furniture and FixturesOffice

37
46
47
754.11
3,127.23
6,800.00
754.11
3,244.82
7,055.68
Rent Expense

13th Month Pay
Advertising Expense
Promoter's Fee
54
56
53
58
66
Schedule
14
16
17
18
19
28
49
55
59
60
Schedule
Accounts Receivable, beg.
Add: Credit Sales, Gross of VAT
Total Accounts Receivable
Less: Collections
From prior year credit sales
From current year credit sales
Total Collections
Accounts Recievable, end
6,000.00
1,980.00
10,703.57
40,800.00
983.16
161,022.45
6,225.60
2,054.45
11,106.03
40,800.00
51.46
149,012.63
Schedule 64
Selling Expense
2017
2018
103,250.00
107,132.20
7,514.40
7,956.00
1,200.00
1,200.00
1,200.00
1,200.00
8,604.17
8,927.68
10,714.29
10,714.29
13,440.00
13,945.34
2,785.71
2,890.46
18,000.00
18,676.80
9,000.00
9,338.40
175,708.57
181,981.17
Schedule 65
Accounts Receivable
2017
2018
19,663.26
1,011,253.55
1,064,187.34
1,011,253.55
1,083,850.60
991,590.29
991,590.29
19,663.26
19,663.26
1,043,494.80
1,063,158.07
20,692.53
Schedule 66
Allowance for Doubtful Accounts and Doubtful Accounts Expense
Schedule
65
Multiply: Percentage Uncollectible
Allowance for Doubtful Accounts, end
Less: Allowance for Doubtful Accounts, beg
Pick-up Van
Drying Machine
Grinding Machine
Sifter
Steamer
2018
20,692.53
5%
1,034.63
983.16
51.46
Schedule
2017
2018
19,663.26
20,692.53
983.16
1,034.63
18,680.10
19,657.90

Less: Allowance for Doubtful Accounts, end
Accounts Recievable, net
Raw Materials Inventory

Indirect Materials Inventory
Finished Goods Inventory
Total Inventory
2017
19,663.26
5%
983.16
983.16
Schedule
9
24
5
Schedule 68
Total Inventory
2017
2018
1,629.64
1,689.70
401.79
416.59
28,512.55
29,268.77
30,543.97
31,375.06
Schedule 69
Property and Equipment, net of Accumulated Depreciation
Schedule
2017
2018
70
85,714.29
64,285.71
70
195,312.50
167,410.71
70
34,285.71
25,714.29
70
27,857.14
20,892.86
70
114,795.92
95,663.27
Ventilator
Office Equipment
Furniture and Fixture-Production
Furniture and Fixture-Office
Production Tools-Capital Assets
Total
70
70
70
70
70
70
Schedule
Cost
Beginning
Additions
Disposals
Ending Balance
Accumulated Depreciation
Beginning
Provision
Additions
Disposals
Ending Balance
Book Value
26
28
Schedule
Cost
Beginning
Additions
Disposals
Ending Balance
26
7,142.86
38,252.14
14,571.43
27,142.86
3,016.43
5,263.69
553,354.97
5,357.14
28,689.11
10,928.57
20,357.14
2,262.32
2,631.85
444,192.97
Schedule 70
Lapsing Schedule
Pick-up Van
2017
2018
107,142.86
107,142.86
107,142.86
107,142.86
21,428.57
21,428.57
85,714.29
21,428.57
21,428.57
42,857.14
64,285.71
Drying Machine
2017
2018
223,214.29
223,214.29
223,214.29
223,214.29
Beginning
Provision
Additions
Disposals
Ending Balance
Book Value
29
Schedule
Cost
Beginning
Additions
Disposals
Ending Balance
Beginning
Provision
Additions
Disposals
Ending Balance
Book Value
26
30
0
27,901.79
27,901.79
195,312.50
27,901.79
27,901.79
55,803.57
167,410.71
Grinding Machine
2017
2018
42,857.14
42,857.14
42,857.14
42,857.14
8,571.43
8,571.43
34,285.71
8,571.43
8,571.43
17,142.86
25,714.29
Sifter
Schedule
Cost
Beginning
Additions
Disposals
Ending Balance
26
2017
34,821.43
34,821.43
2018
34,821.43
34,821.43
Beginning
Provision
Additions
Disposals
Ending Balance
Book Value
31
6,964.29
6,964.29
27,857.14
6,964.29
6,964.29
13,928.57
20,892.86
Steamer
Schedule
Cost
Beginning
Additions
Disposals
Ending Balance
Beginning
Provision
Additions
Disposals
Ending Balance
Book Value
26
32
Schedule
Cost
Beginning
Additions
Disposals
Ending Balance
26
2017
2018
133,928.6
133,928.6
133,928.6
133,928.6
19,132.7
19,132.7
114,795.9
19,132.7
19,132.7
38,265.3
95,663.3
Ventilator
2017
8,928.57
8,928.57
2018
8,928.57
8,928.57
Beginning
Provision
Additions
Disposals
Ending Balance
Book Value
33
Schedule
Cost
Beginning
Additions
Disposals
Ending Balance
Beginning
Provision
Additions
Disposals
Ending Balance
Book Value
26
34
Schedule
Cost
Beginning
Additions
Disposals
Ending Balance
Beginning
26
1,785.71
1,785.71
7,142.86
1,785.71
1,785.71
3,571.43
5,357.14
2017
2018
47,815.18
47,815.18
47,815.18
47,815.18
9,563.04
9,563.04
38,252.14
9,563.04
9,563.04
19,126.07
28,689.11
Office Equipment
2017
2018
18,214.29
18,214.29
18,214.29
18,214.29
3,642.86
Provision
Additions
Disposals
Ending Balance
Book Value
35
Schedule
Cost
Beginning
Additions
Disposals
Ending Balance
Beginning
Provision
Additions
Disposals
Ending Balance
Book Value
26
36
Schedule
Cost
Beginning
Additions
Disposals
Ending Balance
Beginning
Provision
26
37
3,642.86
3,642.86
14,571.43
3,642.86
7,285.71
10,928.57
Furniture and Fixture-Production

2017
2018
33,928.57
33,928.57
33,928.57
33,928.57
6,785.71
6,785.71
27,142.86
6,785.71
6,785.71
13,571.43
20,357.14
Furniture and Fixture-Office

2017
2018
3,770.54
3,770.54
3,770.54
3,770.54
754.11
754.11
754.11
Additions
Disposals
Ending Balance
Book Value
754.11
3,016.43
Schedule
Cost
Beginning
Additions
Disposals
Ending Balance
Beginning
Provision
Additions
Disposals
Ending Balance
Book Value
Raw Materials Purchases - Banana Peel

Raw Materials Purchases - Sodium Metabisulfite
Indirect Materials Purchases
Total Raw and Indirect Materials Purchases
Less: Percentage of Purchases on Account
Total Purchases on Account
Total Accounts Payable
Less: Payments
26
38
Schedule
7
8
9
1,508.21
2,262.32

2017
2018
7,895.54
7,895.54
7,895.54
7,895.54
2,631.85
2,631.85
5,263.69
2,631.85
2,631.85
5,263.69
2,631.85
Schedule 81
Accounts Payable
2017
2018
341,435.16
341,435.16
81,753.75
83,136.77
20,156.25
20,497.23
443,345.16
445,069.17
20%
20%
88,669.03
89,013.83
7,389.09
88,669.03
96,402.92
From prior year purchases on account

From current year purchases on account
Total Payments
81,279.95
81,279.95
7,389.09
Schedule
Accrued Salaries
Accrued SSS Contribution
Accrued PHILHEALTH Contribution
Accrued Pag-ibig Contribution, end
Utilities Payable-Electricity
Utilities Payable-Water
Utilities Payable-Telephone
Total Accruals
Annual Salary-Production Personnels

Annual Salary-Delivery Assistant
Total Salaries
Accrued Salaries, beg
Total Accrued Salaries
Less: Payments
From prior year salaries
From current year salaries
Total Payments
72
73
74
75
76
77
Schedule
11
12
13
Schedule 71
Accruals
2017
17,500.00
6,888.20
1,100.00
1,100.00
5,000.00
1,650.00
999.00
34,237.20
7,389.09
81,596.01
88,985.10
7,417.82
2018
18,158.00
7,293.00
1,100.00
1,100.00
5,188.00
1,712.04
1,036.56
35,587.60
Schedule 81
Accrued Salaries
2017
2018
826,000.00
857,057.60
103,250.00
107,132.20
103,250.00
107,132.20
1,032,500.00
1,071,322.00
17,500.00
1,032,500.00
1,088,822.00
1,015,000.00
1,015,000.00
17,500.00
Schedule 72
17,500.00
1,053,164.00
1,070,664.00
18,158.00
Schedule
Accrued SSS Contribution, beg
Add: Annual Contribution
Total
Less: Payments
Prior Year
Current Year
Total Payments
Accrued SSS Contribution, end
16
75,770.20
75,770.20
6,888.20
Schedule
Accrued PHILHEALTH Contribution, beg
Total
Less: Payments
Prior Year
Current Year
Total Payments
Accrued PHILHEALTH Contribution, end
17
18
6,888.20
80,223.00
87,111.20
7,293.00
Schedule 73
Accrued PHILHEALTH Contribution
2017
2018
1,100.00
13,200.00
13,200.00
13,200.00
14,300.00
12,100.00
12,100.00
1,100.00
Schedule
Accrued Pag-ibig Contribution, beg
Total
Less: Payments
Prior Year
Current Year
Total Payments
Accrued SSS Contribution

2017
2018
6,888.20
82,658.40
87,516.00
82,658.40
94,404.20
1,100.00
12,100.00
13,200.00
1,100.00
Schedule 74
Accrued Pag-ibig Contribution
2017
2018
1,100.00
13,200.00
13,200.00
13,200.00
14,300.00
12,100.00
12,100.00
1,100.00
12,100.00
13,200.00
Accrued Pag-ibigContribution, end
1,100.00
Schedule
Utilities Payable, beg.
Add: Total Billings for the year
Total Utilities Payable
Less: Payments
Prior Year
Current Year
Total Payments
Utililities Payable, end
50
52

53
5,000.00
57,068.00
62,068.00
5,188.00
Schedule 76
Utilities Payable-Water
2017
2018
1,650.00
19,800.00
20,544.48
19,800.00
22,194.48
18,150.00
18,150.00
1,650.00
Schedule
Add: Total Billings for the year-Gross of VAT

Schedule 75
Utilities Payable-Electricity
2017
2018
5,000.00
60,000.00
62,256.00
60,000.00
67,256.00
55,000.00
55,000.00
5,000.00
Schedule
Add: Total Billings for the year
Less: Payments
Prior Year
Current Year
Total Payments
1,100.00
1,650.00
18,832.44
20,482.44
1,712.04
Schedule 77
Utilities Payable-Telephone
2017
2018
999.00
11,988.00
11,988.00
12,438.75
13,437.75
Less: Payments
Prior Year
Current Year
Total Payments
10,989.00
10,989.00
999.00
999.00
11,402.19
12,401.19
1,036.56
Schedule 78
Expanded Withholding Tax Payable
Schedule
2017
2018
On Rent
Annual Withholding Tax
Add: Withholding Tax Payable, beg.
Total
Less: Payments
Prior Year
Current Year
Total Payments
Withholding Tax Payable, end
On Professional Fees
Annual Withholding Tax
Add: Withholding Tax Payable, beg.
Total
Less: Payments
Prior Year
Current Year
Total Payments
Withholding Tax Payable, end
Total Expanded Withholding Tax Payable
57
61
Schedule
10,200.00
10,200.00
10,200.00
850.00
11,050.00
9,350.00
9,350.00
850.00
850.00
9,350.00
10,200.00
850.00
6,000.00
6,000.00
6,225.60
500.00
6,725.60
5,500.00
5,500.00
500.00
1,350.00
500.00
5,706.80
6,206.80
518.80
1,368.80
Schedule 79
Total Input VAT
2017
2018
Raw Materials Purchases-Sodium Metabisulfite

Indirect Materials Purchases
Pick Up Van
Dying Machine
Grinding Machine
Sifter
Steamer
Ventilator
Leasehold Improvement-Materials
Office Equipment
Furnitures and Fixtures-Production
Furnitures and Fixtures-Office
Production Tools and Supplies
Cleaning Supplies
Office Supplies
Fuel Expense
Telephone Expense
Advertising Expense
Total Input VAT
Output VAT
Less: Input VAT
Annual Value Added Tax
Add: VAT Payable, beg.
Total
Less: Payments
Prior Year
Current Year
8
23
26
26
26
26
26
26
26
26
26
26
26
44
45
47
51
53
59
Schedule
2
79
9,810.45
2,418.75
12,857.14
26,785.71
5,142.86
4,178.57
16,071.43
1,071.43
5,017.82
2,185.71
4,071.43
452.46
947.46
2,414.36
1,250.89
816.00
3,342.86
1,284.43
2,160.00
102,279.77
Schedule 80
VAT Payable
2017
300,968.32
102,279.77
198,688.55
198,688.55
182,131.17
2,505.14
1,297.93
846.68
3,468.55
1,332.72
2,241.22
11,692.23
2018
316,722.42
11,692.23
305,030.19
16,557.38
321,587.57
16,557.38
279,611.01
Total Payments
VAT Payable, end.
182,131.17
16,557.38
January 1,
December 31,
December 31,
December 31,
December 31,
December 31,
Date
2017
2017
2018
2019
2020
2021
Schedule
296,168.39
25,419.18
Schedule 81
Loans Payable
Annual Payment Interest Expense
100,000.00
100,000.00
100,000.00
100,000.00
100,000.00
60,000.00
48,000.00
36,000.00
24,000.00
12,000.00
neries-Net of VAT
2019
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2020
0
0
0
0
0
0
0
0
0
0
9,878.47
9,878.47
1,058.41
8,820.06
2021
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Equipment
Grinding
48,000.00
5,142.86
42,857.14
Office Equipment
20,400.00
2,185.71
18,214.29
Sifter
39,000.00
4,178.57
34,821.43
Furniture and
FixtureProduction
38,000.00
4,071.43
33,928.57
Production
Steamer
150,000.00
16,071.43
133,928.57
Furniture and
Fixture-Office
4,223.00
452.46
3,770.54
Note *
Leasehold Improvements
Materials Used-Gros
46,833.00
Less: Input VAT
5,017.82
Materials Used-Net
41,815.18
Add: Labor
6,000.00
Acquistition Cost-Ne
47,815.18
se
2019
21,428.57
27,901.79
8,571.43
6,964.29
19,132.65
1,785.71
9,563.04
3,642.86
2020
21,428.57
27,901.79
8,571.43
6,964.29
19,132.65
1,785.71
9,563.04
3,642.86
2021
21,428.57
27,901.79
8,571.43
6,964.29
19,132.65
1,785.71
9,563.04
3,642.86
6,785.71
6,785.71
6,785.71
754.11
754.11
754.11
2,631.85
109,162.00
2,940.02
109,470.17
2,940.02
109,470.17
2019
107,142.86
5
21,428.57
2020
107,142.86
5
21,428.57
2021
107,142.86
5
21,428.57
2019
223,214.29
8
27,901.79
2020
223,214.29
8
27,901.79
2021
223,214.29
8
27,901.79
2019
42,857.14
5
8,571.43
2020
42,857.14
5
8,571.43
2021
42,857.14
5
8,571.43
2019
34,821.43
5
6,964.29
2020
34,821.43
5
6,964.29
2021
34,821.43
5
6,964.29
2019
133,928.57
7
19,132.65
2020
133,928.57
7
19,132.65
2021
133,928.57
7
19,132.65
ine
hine
amer
r
2019
8,928.57
5
1,785.71
2020
8,928.57
5
1,785.71
2021
8,928.57
5
1,785.71
2019
47,815.18
5
9,563.04
2020
47,815.18
5
9,563.04
2021
47,815.18
5
9,563.04
2019
18,214.29
5
3,642.86
2020
18,214.29
5
3,642.86
2021
18,214.29
5
3,642.86
2019
33,928.57
5
6,785.71
2020
33,928.57
5
6,785.71
2021
33,928.57
5
6,785.71
2019
3,770.54
5
2020
3,770.54
5
2021
3,770.54
5
vement
ment
s-Production
res-Office
754.11
754.11
754.11
2019
7,895.54
3
2,631.85
2020
8,820.06
3
2,940.02
2021
8,820.06
3
2,940.02
2019
10,714.29
10,714.29
21,428.57
2020
10,714.29
10,714.29
21,428.57
2021
10,714.29
10,714.29
21,428.57
hold Improvements
2019
4,781.52
4,781.52
9,563.04
2020
4,781.52
4,781.52
9,563.04
2021
4,781.52
4,781.52
9,563.04
pital Asset
-Pick Up Van
ed Annual Cost
2019
1,550.32
2,583.87
3,100.65
3,436.55
10,283.81
1,614.92
619.05
1,071.23
24,260.41
2,599.33
21,661.08
2020
1,608.62
2,681.03
3,217.23
3,565.77
10,670.49
1,675.64
642.33
1,111.51
25,172.61
2,697.06
22,475.54
2021
1,669.10
2,781.83
3,338.20
3,699.84
11,071.70
1,738.65
666.48
1,153.30
26,119.10
2,798.47
23,320.62
nual Cost
2019
258.39
135.65
594.29
1,550.32
193.79
710.57
2,971.45
3,617.42
852.68
710.57
753.63
107.66
64.60
48.45
12,569.47
1,346.73
11,222.74
2020
268.10
140.75
616.64
1,608.62
201.08
737.28
3,083.18
3,753.44
884.74
737.28
781.97
111.71
67.03
50.27
13,042.08
1,397.37
11,644.71
2021
278.18
146.05
639.82
1,669.10
208.64
765.00
3,199.11
3,894.57
918.00
765.00
811.37
115.91
69.55
52.16
13,532.46
1,449.91
12,082.55
2019
7,855.92
3,366.82
11,222.74
2020
8,151.30
3,493.41
11,644.71
2021
8,457.79
3,624.77
12,082.55
2019
2020
2021
Expense
ual Cost
77.52
64.60
80.43
67.03
83.45
69.55
538.31
2,583.87
322.98
284.23
322.98
284.23
38.76
193.79
123.81
322.98
226.09
258.39
37.68
258.39
1,485.73
775.16
8,199.49
878.52
7,320.97
558.55
2,681.03
335.13
294.91
335.13
294.91
40.22
201.08
128.47
335.13
234.59
268.10
39.10
268.10
1,541.59
804.31
8,507.79
911.55
7,596.24
579.55
2,781.83
347.73
306.00
347.73
306.00
41.73
208.64
133.30
347.73
243.41
278.18
40.57
278.18
1,599.55
834.55
8,827.68
945.82
7,881.86
2019
10,766.14
1,291.94
12,058.07
12
144,696.89
2020
11,170.94
1,340.51
12,511.46
12
150,137.49
2021
11,590.97
1,390.92
12,981.89
12
155,782.66
2019
2020
2021
pense
ainance
130,227.20
14,469.69
144,696.89
135,123.74
15,013.75
150,137.49
140,204.40
15,578.27
155,782.66
2019
5,383.07
12
64,596.83
2020
5,585.47
12
67,025.67
2021
5,795.49
12
69,545.83
2019
2,799.20
12
33,590.35
3,598.97
29,991.38
2020
2,904.45
12
34,853.35
3,734.29
31,119.06
2021
3,013.65
12
36,163.83
3,874.70
32,289.14
2019
1,776.41
12
21,316.95
2020
1,843.21
12
22,118.47
2021
1,912.51
12
22,950.12
2019
1,075.54
12
12,906.45
2020
1,115.98
12
13,391.73
2021
1,157.94
12
13,895.26
1,382.83
11,523.61
1,434.83
11,956.90
1,488.78
12,406.48
2019
58,137.14
6,459.68
64,596.83
2020
60,323.10
6,702.57
67,025.67
2021
62,591.25
6,954.58
69,545.83
2019
26,992.24
2,999.14
29,991.38
2020
28,007.15
3,111.91
31,119.06
2021
29,060.22
3,228.91
32,289.14
2019
19,185.26
2,131.70
21,316.95
2020
19,906.62
2,211.85
22,118.47
2021
20,655.11
2,295.01
22,950.12
2020
17,000.00
12
204,000.00
5%
10,200.00
2021
17,000.00
12
204,000.00
5%
10,200.00
ense
se
nse
ing Tax on Rent

2019
17,000.00
12
204,000.00
5%
10,200.00
se
2019
163,200.00
40,800.00
204,000.00
2020
163,200.00
40,800.00
204,000.00
2021
163,200.00
40,800.00
204,000.00
2019
1,808.71
12
21,704.53
2,325.49
19,379.05
2020
1,876.72
12
22,520.62
2,412.92
20,107.70
2021
1,947.28
12
23,367.40
2,503.65
20,863.75
2019
2020
2021
2
1,675.64
3,351.28
3
10,053.85
2
1,738.65
3,477.29
3
10,431.87
2020
5,585.47
12
67,025.67
10%
6,702.57
2021
5,795.49
12
69,545.83
10%
6,954.58
2
1,614.92
3,229.84
3
9,689.52
Tax on Professional Fees

2019
5,383.07
12
64,596.83
10%
6,459.68
2019
1,076.61
107.66
231.47
107.66
107.66
3,843.51
538.31
1,076.61
1,291.94
8,381.44
2020
1,117.09
111.71
240.18
111.71
111.71
3,988.03
558.55
1,340.51
7,579.49
2021
1,159.10
115.91
249.21
115.91
115.91
4,137.98
579.55
1,159.10
1,390.92
9,023.57
2019
2020
2021
xpenses
8,381.44
64,596.83
4,781.52
3,642.86
7,579.49
67,025.67
4,781.52
3,642.86
9,023.57
69,545.83
4,781.52
3,642.86
754.11
3,366.82
7,320.97
754.11
3,493.41
7,596.24
754.11
3,624.77
7,881.86
6,459.68
2,131.70
11,523.61
40,800.00
38.90
153,798.43
6,702.57
2,211.85
11,956.90
40,800.00
40.36
156,584.97
6,954.58
2,295.01
12,406.48
40,800.00
41.88
161,752.47
2019
111,160.37
8,397.60
1,350.00
1,200.00
9,263.36
10,714.29
14,469.69
2,999.14
19,379.05
9,689.52
188,623.02
2020
115,340.00
8,397.60
1,350.00
1,200.00
9,611.67
10,714.29
15,013.75
3,111.91
20,107.70
10,053.85
194,900.76
2021
119,676.78
8,397.60
1,350.00
1,200.00
9,973.07
10,714.29
15,578.27
3,228.91
20,863.75
10,431.87
201,414.54
2019
20,692.53
1,104,200.78
1,124,893.31
2020
21,470.57
1,145,718.73
1,167,189.30
2021
22,277.86
1,188,797.75
1,211,075.62
20,692.53
1,082,730.21
1,103,422.74
21,470.57
21,470.57
1,123,440.86
1,144,911.44
22,277.86
22,277.86
1,165,682.24
1,187,960.11
23,115.51
2019
21,470.57
5%
1,073.53
1,034.63
38.90
2020
22,277.86
5%
1,113.89
1,073.53
40.36
2021
23,115.51
5%
1,155.78
1,113.89
41.88
2019
21,470.57
1,073.53
20,397.04
2020
22,277.86
1,113.89
21,163.97
2021
23,115.51
1,155.78
21,959.74
2019
1,753.20
432.25
30,081.48
32,266.93
2020
1,819.12
448.50
30,853.07
33,120.70
2021
1,887.52
465.37
31,700.28
34,053.16
ated Depreciation
2019
42,857.14
139,508.93
17,142.86
13,928.57
76,530.61
2020
21,428.57
111,607.14
8,571.43
6,964.29
57,397.96
2021
et
83,705.36
38,265.31
3,571.43
19,126.07
7,285.71
13,571.43
1,508.21
335,030.97
1,785.71
9,563.04
3,642.86
6,785.71
754.11
5,880.04
234,380.86
2,940.02
124,910.68
2019
2020
2021
107,142.86
###
107,142.86
107,142.86
107,142.86
107,142.86
107,142.86
42,857.14
21,428.57
###
64,285.71
42,857.14
64,285.71
21,428.57
85,714.29
21,428.57
85,714.29
21,428.57
107,142.86
-
2019
2020
223,214.29
###
223,214.29
223,214.29
223,214.29
2021
223,214.29
223,214.29
55,803.57
27,901.79
###
83,705.36
139,508.93
2019
83,705.36
27,901.79
111,607.14
111,607.14
2020
111,607.14
27,901.79
139,508.93
83,705.36
2021
42,857.14
###
42,857.14
42,857.14
42,857.14
42,857.14
42,857.14
17,142.86
8,571.43
###
25,714.29
17,142.86
25,714.29
8,571.43
34,285.71
8,571.43
34,285.71
8,571.43
42,857.14
-
2019
34,821.43
###
34,821.43
2020
34,821.43
34,821.43
2021
34,821.43
34,821.43
13,928.57
6,964.29
###
20,892.86
13,928.57
2019
20,892.86
6,964.29
27,857.14
6,964.29
2020
27,857.14
6,964.29
34,821.43
-
2021
133,928.6
###
133,928.6
133,928.6
133,928.6
133,928.6
133,928.6
38,265.3
19,132.7
###
57,398.0
76,530.6
57,398.0
19,132.7
76,530.6
57,398.0
76,530.6
19,132.7
95,663.3
38,265.3
2019
8,928.57
###
8,928.57
2020
8,928.57
8,928.57
2021
8,928.57
8,928.57
3,571.43
1,785.71
###
5,357.14
3,571.43
5,357.14
1,785.71
7,142.86
1,785.71
7,142.86
1,785.71
8,928.57
-
t
2019
2020
2021
47,815.18
###
47,815.18
47,815.18
47,815.18
47,815.18
47,815.18
19,126.07
9,563.04
###
28,689.11
19,126.07
28,689.11
9,563.04
38,252.14
9,563.04
38,252.14
9,563.04
47,815.18
-
2019
2020
2021
18,214.29
###
18,214.29
18,214.29
18,214.29
18,214.29
18,214.29
7,285.71
10,928.57
14,571.43
3,642.86
###
10,928.57
7,285.71
3,642.86
14,571.43
3,642.86
3,642.86
18,214.29
-
ction
2019
2020
2021
33,928.57
###
33,928.57
33,928.57
33,928.57
33,928.57
33,928.57
13,571.43
6,785.71
###
20,357.14
13,571.43
20,357.14
6,785.71
27,142.86
6,785.71
27,142.86
6,785.71
33,928.57
-
ffice
2019
2020
2021
3,770.54
###
3,770.54
3,770.54
3,770.54
3,770.54
3,770.54
1,508.21
754.11
2,262.32
754.11
3,016.43
754.11
###
2,262.32
1,508.21
3,016.43
754.11
3,770.54
-
sets
2019
2020
2021
7,895.54
###
7,895.54
7,895.54
8,820.06
(7,895.54)
8,820.06
8,820.06
8,820.06
5,263.69
2,631.85
###
7,895.54
-
7,895.54
2,940.02
(7,895.54)
2,940.02
5,880.04
2,940.02
2,940.02
5,880.04
2,940.02
2019
341,435.16
86,262.72
21,267.93
448,965.81
20%
89,793.16
7,417.82
97,210.98
2020
341,435.16
89,506.19
22,067.60
453,008.96
20%
90,601.79
7,482.76
98,084.56
2021
341,435.16
92,871.63
22,897.34
457,204.13
20%
91,440.83
7,550.15
98,990.98
Author:
20% of the purchases are
on account. And the credit
purchases for the last
month will remain unpaid
until the last day of the
year
7,417.82
82,310.40
89,728.22
7,482.76
7,482.76
83,051.64
90,534.41
7,550.15
7,550.15
83,820.76
91,370.91
7,620.07
2019
18,840.74
7,697.80
1,237.50
1,100.00
5,383.07
1,776.41
1,075.54
37,111.06
2020
19,549.15
7,697.80
1,237.50
1,100.00
5,585.47
1,843.21
1,115.98
38,129.11
2021
20,284.20
8,103.70
1,237.50
1,100.00
5,795.49
1,912.51
1,157.94
39,591.34
2019
889,282.97
111,160.37
111,160.37
1,111,603.71
18,158.00
1,129,761.71
2020
922,720.01
115,340.00
115,340.00
1,153,400.01
18,840.74
1,172,240.75
2021
957,414.28
119,676.78
119,676.78
1,196,767.85
19,549.15
1,216,317.00
18,158.00
1,092,762.97
1,110,920.97
18,840.74
18,840.74
1,133,850.85
1,152,691.59
19,549.15
19,549.15
1,176,483.65
1,196,032.80
20,284.20
Author:
Naay accrued salaries
Author:
The salaries for the last 5
days will be accrued.
Author:
The salaries for the last 5
days will be accrued.
n
2019
7,293.00
92,373.60
99,666.60
2020
7,697.80
92,373.60
100,071.40
2021
7,697.80
97,244.40
104,942.20
7,293.00
84,675.80
91,968.80
7,697.80
7,697.80
84,675.80
92,373.60
7,697.80
7,697.80
89,140.70
96,838.50
8,103.70
2019
1,100.00
14,850.00
15,950.00
2020
1,237.50
14,850.00
16,087.50
2021
1,237.50
14,850.00
16,087.50
1,100.00
13,612.50
14,712.50
1,237.50
1,237.50
13,612.50
14,850.00
1,237.50
1,237.50
13,612.50
14,850.00
1,237.50
2019
1,100.00
13,200.00
14,300.00
2020
1,100.00
13,200.00
14,300.00
2021
1,100.00
13,200.00
14,300.00
1,100.00
12,100.00
13,200.00
1,100.00
12,100.00
13,200.00
1,100.00
12,100.00
13,200.00
bution
tion
1,100.00
1,100.00
1,100.00
2019
5,188.00
64,596.83
69,784.83
2020
5,383.07
67,025.67
72,408.74
2021
5,585.47
69,545.83
75,131.30
5,188.00
59,213.76
64,401.76
5,383.07
5,383.07
61,440.19
66,823.26
5,585.47
5,585.47
63,750.35
69,335.82
5,795.49
2019
1,712.04
21,316.95
23,028.99
2020
1,776.41
22,118.47
23,894.88
2021
1,843.21
22,950.12
24,793.33
1,712.04
19,540.54
21,252.58
1,776.41
1,776.41
20,275.26
22,051.68
1,843.21
1,843.21
21,037.61
22,880.82
1,912.51
2019
1,036.56
2020
1,075.54
2021
1,115.98
12,906.45
13,943.01
13,391.73
14,467.27
13,895.26
15,011.23
ty
ne
1,036.56
11,830.91
12,867.47
1,075.54
1,075.54
12,275.75
13,351.29
1,115.98
1,115.98
12,737.32
13,853.30
1,157.94
ayable
2019
2020
2021
10,200.00
850.00
11,050.00
10,200.00
850.00
11,050.00
10,200.00
850.00
11,050.00
850.00
9,350.00
10,200.00
850.00
850.00
9,350.00
10,200.00
850.00
850.00
9,350.00
10,200.00
850.00
6,459.68
518.80
6,978.48
6,702.57
538.31
7,240.87
6,954.58
558.55
7,513.13
518.80
5,921.38
6,440.18
538.31
1,388.31
538.31
6,144.02
6,682.33
558.55
1,408.55
558.55
6,375.03
6,933.58
579.55
1,429.55
2019
2020
2021
###
###
###
###
###
###
###
###
###
###
###
###
2,599.33
1,346.73
878.52
3,598.97
1,382.83
2,325.49
12,131.86
1,058.41
2,697.06
1,397.37
911.55
3,734.29
1,434.83
2,412.92
13,646.43
2,798.47
1,449.91
945.82
3,874.70
1,488.78
2,503.65
13,061.33
2019
328,631.18
12,131.86
316,499.32
25,419.18
341,918.51
2020
340,987.72
13,646.43
327,341.29
26,374.94
353,716.23
2021
353,808.86
13,061.33
340,747.53
27,278.44
368,025.97
25,419.18
290,124.38
26,374.94
300,062.85
27,278.44
312,351.90
315,543.56
26,374.94
Carrying Amount
500,000.00
400,000.00
300,000.00
200,000.00
100,000.00
-
326,437.79
27,278.44
Author:
Ambot if sakto ba ning
loans payable
339,630.34
28,395.63
Price per 25kg-sack of Banana Peel Flour

Direct Materials
Banana Peel
Sodium Metabisulfite
Schedule
341,435.16
80,124.11
Direct Labor
Factory Overhead
Indirect Materials
Indirect Labor
Rent Expense
Utilities Expense
Total Production Cost
Divide: Annual Production Capacity
Total Production Unit Cost
Add: Profit Margin 25%
Price per 25kg-sack - w/out VAT
Add: Value Added Tax
Price per 25kg-sack - w/ VAT
974,148.53
89,269.23
19,754.46
121,768.57
163,200.00
96,891.43
120,960.00
20,119.64
7,296.88
2,017.00
2018
2019
2020
2021
639,260.21
2,034,968.01
4,425.00
459.88
114.97
574.85
68.98
643.83
668.04
693.16
719.22
746.26
Year
2010
2011
2012
2013
2014
Average
Inflation Rate
3.8
4.7
3.2
2.9
4.2
3.76
Year
Present Selling Price
3.76% Increase
Projected Selling Price
2017
2018
2019
2020
2021
0
643.83
668.04
693.16
719.22
0
24.21
25.12
26.06
27.04
643.83
668.04
693.16
719.22
746.26
82% will be paid in cash

18% will be paid on credit basis
Sodium meta
Present Selling Price
3.76% Increase
Year
2016
2017
2018
2019
2020
2021
Projected Selling Price
Income Statement for BMBE

Sales
Less: Cost of Sales
Gross Profit
Less: Operating Expense
Net income from operations
Less: Income Tax
Net income from operations
2017
2,809,037.65
2018
2,956,075.93
2019
3,067,224.39
2020
3,182,552.02
2021
3,302,215.98
Table 7
Projected Market Share
Year
2017
2018
2019
2020
2021
Projected Annual
Demand
4,363
4,450
4,539
4,630
4,722
Market Share
Production In sacks 25
Capacity
kg
4425
4,363
4425
4,425
4425
4,425
4425
4,425
4425
4,425
Market Share
Percentage
100%
99%
97%
96%
94%
Price per 25kg-sack of Banana Peel Flour

Direct Materials
Banana Peel
Sodium Metabisulfite
Direct Labor
Factory Overhead
Indirect Materials
Indirect Labor
Rent Expense
Utilities Expense
Other Production Expense
Total Production Cost
Add: Profit Margin
Price per 25kg-sack - w/out VAT
Add: Value Added Tax
Price per 25kg-sack - w/ VAT
20.74
4.46
27.71
36.88
19.76
2.28
5.88
69.33
0.27
See 'DM, DL ,IL' Sheet

221.71
117.72
409.03
102.26
511.29
61.35
573
See
See
See
See
See
See
See
'Factory Overhead'
'Factory Overhead'
'DM, DL ,IL' Sheet
'Factory Overhead'
'Factory Overhead'
'Factory Overhead'
'Factory Overhead'
Sheet
Sheet
Sheet
Sheet
Sheet
Sheet
Lapsing Schedule
Cost
Add: Acquisitions
Less: disposal
Table 5
Annual Percentage of Increase in Population
Inc (Dec) From Year 2000
(2010 Population
- 2000 Population)
Year
2000
2010
Population
89,199
107,323
18,124
Table 5
ntage of Increase in Population
Annual Inc(Dec) of
Percentage Annual
Population
Increase (Decrease)
(Inc (Dec) From
(Annual Increase of
Year 2000 / 10) Population/2000 Population)
1,812
2%
Table 6
Projected Annual De
Year
2015
2016
2017
2018
2019
2020
2021
Percentage of Respondents
Population of Target
willing to buy the Banana
Market
Peel Flour (Table 2)
a
22
22
22
22
22
22
22
b
73%
73%
73%
73%
73%
73%
73%
Notes:
* Annual Average Demand of Banana Peel times 1.2
Table 6
Projected Annual Demand
Percentage of Reasonability of
Projected Total Number of
Suggested Price of Php 600 per 25- Local Bakeshps Willing To
kg Sack (Table 3)
Purchase Banana Peel Flour
c
73%
73%
73%
73%
73%
73%
73%
(a*b*c)
12
12
12
12
12
12
12
*Annual Average Demand of

Banana Peel Flour per
Respondent with 2%
Increase
359
366
374
381
389
396
404
Projected Annual
Demand
4,193
4,277
4,363
4,450
4,539
4,630
4,722
Cost of Goods Manufactured

Direct Materials
Direct Labor
Factory Overhead
Indirect Labor
Indirect Materials
Depreciation- Grinding Machine
Depreciation- Steamer
Depreciation- Ventilator
421,559.27
974148.5333
121768.567
19,754.46
#REF!
Raw Materials
Banana Peels
Sodium Metabisulfate
Total RM
Raw materials, beg.
306,800.00
1201.86
308,001.86
Depreciation E
Grinding
Machine
Cost- Gross of VAT
Less: Input VAT
Cost- Net of Vat
Divide: Useful Life
Deprecitation Expense
% Allocation to Production
Alloc. Dep. Exp.- Production
Cost- Gross of VAT
Less: Input VAT
Cost- Net of Vat
Divide: Useful Life
Deprecitation Expense
Production
Steamer
Drying Machine
#REF!
#REF!
#REF!
5
#REF!
100%
#REF!
#REF!
#REF!
7
#REF!
100%
#REF!
#REF!
#REF!
8
#REF!
100%
#REF!
#REF!
#REF!
From Financing except for Pick-Up Van(from 80K to 120K). Assu

Cost Gross of VAT divided by 1.12 times .12
All are assumed to have a useful life of 5 years, except for Steam
Equipment are to be decided pa. :)
Assumptions: for Leashold Improvements, 80% Factory Overhea

Pick-Up Van, 50% Factory Overhead, 50% Selling
Furniture &
Fixtures Production Tools
Office
- Capital Assets
#REF!
#REF!
Cost - Gross of VAT
Cost- Gross of VAT

Less: Input VAT
Cost- Net of Vat
#REF!
#REF! From Financing. Copy to Depreciatio
Indirect
Materials
#REF! Unit Price From Financing
#REF!
#REF!
Production Tools
Gloves
Mask
Hair net
Plastic boots
Apron
Fire Extinguisher
Cost - Gross of VAT
Less: Input VAT
Cost- Net of Vat
Unit
Quantity
pairs
piece
piece
pairs
piece
piece
8
8
8
8
8
2
Unit Price
15.00
25.00
30.00
399.00
199.00
750.00
Cleaning Supplies
Brooms
Dust Pan
Garbage Can
Rugs (Big)
Rugs (small)
Cleaning Detergents
Unit
Quantity
pieces
piece
piece
pieces
pieces
gallon
2
1
2
8
15
1
Unit Price
20.00
42.00
138.00
15.00
1.00
55.00
Toilet Bowl Cleaner

Tissue
Dishwashing Soap
Sponge
Floor Mop
Mop Bucket
Brush
Toilet brush
Cost - Gross of VAT
Less: Input VAT
Cost- Net of Vat
Alloc. Cost- Net of Vat
liters
rolls
pieces
pieces
pieces
piece
piece
piece
2
5
2
10
2
1
1
1
115.00
56.00
33.00
5.50
175.00
50.00
20.00
15.00
Repairs and
Maintenance
Cost
Allocated Cost
Div: Annual Production
#REF! From Financing

90% Assumptions: 90% Factory Overhead, 10% Gen and
#REF!
4425 15 sacks per day * 295 days
#REF!
Monthly
No. of Months
Annual
Allocated Cost
Div: Annual Production
Rent Expense
#REF!
12
#REF!
80%
#REF!
4425
#REF!
Water
1,650.00
12
19,800.00
90%
17820
4425
4.03
Utilities
Electricity
5,000.00
12
60,000.00
90%
54000
4425
12.20
19.76
Total Utilites
Factory Overhead
Gen and Admin
Selling
Production Tools
Cleaning Supplies
Annual Production
80%
20%
-
90%
10%
-
90%
10%
-
Other
Production
Expense
18,717.86
7,296.88
26,014.73
5.88
Sifter
Ventilator
#REF!
#REF!
#REF!
5
#REF!
100%
#REF!
#REF!
#REF!
5
#REF!
100%
#REF!
#REF!
Pick-Up Van
120,000.00
12,857.14
107,142.86
5
21,428.57
50%
10,714.29
Leasehold
Improvements
Furniture &
Fixtures - Office
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
5
1
#REF!
#REF!
80%
0%
#REF!
Furniture &
Office Equipment
Fixtures Production
#REF!
#REF!
#REF!
#REF!
#REF!
#REF!
5
1
#REF!
#REF!
100%
0%
#REF!
#REF!
n(from 80K to 120K). Assumed to be Gross of VAT

es .12
of 5 years, except for Steamer and Drying Machine. Useful lives of Office Furniture and
ents, 80% Factory Overhead and 20% Gen and Admin ( for Selling?) ;
50% Selling
for
#REF!
ancing. Copy to Depreciation Exp. Sched
ng
Monthly Cost
120.00
200.00
240.00
3,192.00
1,592.00
1,500.00
Monthly Cost
40.00
42.00
276.00
120.00
15.00
55.00
Frequency of
Purchase
12
12
12
1
6
1
Frequency of
Purchase
6
3
2
12
12
12
Annual Cost
1,440.00
2,400.00
2,880.00 Unit, Quantity, Unit Price and Monthly Cost are from Financing. But for
items from glove to apron, quantity is changed from 6 tp 8 and monthly
3,192.00 cost consequently changed.
9,552.00
1,500.00
20,964.00
2,246.14
Copy to Other Production Expense
18,717.86
Annual Cost
240.00
126.00
552.00
1,440.00
180.00
660.00
Unit, Quantity, Unit Price and Monthly Cost are from Financing.
230.00
280.00
66.00
55.00
350.00
50.00
20.00
15.00
12
12
12
12
2
2
3
3
2,760.00
Unit, Quantity, Unit Price and Monthly Cost are from Financing.
3,360.00
792.00
660.00
700.00
100.00
60.00
45.00
11,675.00
1,250.89
10,424.11
70% Assumptions: 70% Factory Overhead, 30% Gen and Admin
Copy to Other Production Expense
7,296.88
ory Overhead, 10% Gen and Admin
days
ities
Fuel
2,600.00 From Financing
12
31,200.00
50%
15600
3.53
.76
days
50%
10%
40%
Assumptions
Production Tools
- Capital Assets
#REF!
#REF!
#REF!
3
#REF!
100%
#REF!
Total
Annual Production
Capacity
15
295
#REF!
4,425.00
#REF!
m Financing. But for

m 6 tp 8 and monthly
m Financing.
m Financing.
d Admin

November 26 - Tere

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

November 26 - Tere

Uploaded by

Copyright:

Available Formats

Discounted Payback Period

Total Current Assets

Accounts Payable Turnover

Accounts Payable, beg

Average Accounts Payable

Age of Accounts Payable

Net Income before Interest and Taxes

Average Total Assets

Owner's Equity, end

Breakeven Sales (in pesos and in units)

Contribution Margin Ratio and Cointribution Margin per U

Total Variable Cost

Production Tools and Supplies Expense

Selling Price, Gross of VAT

Selling Price Net of VAT

Total Sales, net of VAT based on Produced Units

Selling Price- Net of VAT

Break Even Support Computation

ution Margin per Unit

Naglibog q if fixed cost ra ba

Discounted Payback Period

Total Fixed Cost

Utilities Expense - Water

Contribution Margin Ratio and Cointribution Margin per Unit

Total Fixed Cost

Selling Price Net of VAT

Total Variable Cost

Total Fixed Cost

Selling Price Net of VAT

Break Even Support Computation

Gross Sales, net of VAT

Gross Sales, net of VAT

Gross Sales, net of VAT

(Increase) Decrease in Inventory

Increase (Decrease) in Accounts Payable

Cash Inflows PV Factor (12%)

Divide: Contribution Margin per Unit

Decrease sales, constant cost and exp

Constant sales, increase cost and expe

PV of Net Cash Inflows Balance

PV of Net Cash Infl Balance

Increase (Decrease) of Withholding Tax Pay

Total Variable Cost

1,845,473.42 Total Fixed Cost

ales, constant cost and expense

ales, increase cost and expense

Average Owner's Equity

Discounted Payback Period

Net Cash Inflows

Loss) for the year

Decrease in Accounts Receivable, net

Decrease) in Accounts Payable

Decrease) in Accrued Expenses

Decrease) of Withholding Tax Payable

Decrease) of VAT Payable

vided by Operating Activities

Total Variable Cost

Total Variable Cost

Total Fixed Cost

Cost of Goods Sold effect

PV of Net Cash Inflows

Total Sales, net of VAT

Contribution Margin Ratio and Coi

Less: Variable Cost