Table 2.

Product Costing

Materials Unit Price Quantity Unit Cost Monthly cost

x 30 pcs.
Direct
Materials:
Cartolina Php 4.50/pc 5 Php 22.50 Php 675.00

Indirect
Materials:
Paint Brush Php 12.00 1/100 0.12 3.60
White Glue Php
25.00/120ml 1/3 8.33 249.90
Ruler Php 6.50 1/100 0.07 2.10
Cutter Php 22.75 1/100 0.23 6.90
Total
Materials Php 31.25 Php 937.50
Add:
Packaging
Sticker and 15.00 1/20 Php 22.50
Printing Php 0.75
Box 16.75 1 16.50 495.00
Total
Packagng Php 17.25 Php 517.50
Costs

Add: labor
Costs
Labor Php 25.00 1 unit Php 25.00 Php 750.00
Total Labor Php 25.00 Php 750.00
Costs
TOTAL
PRODUCT Php 73.50 Php 2,205.00
COSTS

Operating Expenses
Schedule 1: office Supplies

Supplies Quantity Price Total Cost

Record Book 1pc Php 45.00 Php 45.00
Ballpen 12pcs 4.50 54.00
Calculator 1pc 380.00 380.00
total Php 479.00

Schedule 2: Executive Salary

Salary expense Monthly Yearly

Executive Salary Php 500.00 6,000.00

Schedule 3: promotional Expense

Advertising Quantity Price TOTAL COST

Expense
Tarpaulin (2x3) 3 Php 150.00 Php 450

Schedule 4: transportation Expense

Transportation Monthly Yearly

jeepney Php 6.00x 4trips= Php 24.00
Purchase of Materials: Php 24.00 x
542 Pala-o to City Proper Php 6.00 12months=
City Proper to 542 Pala-o 6.00
Deliver to Outlets Php 288.00
542-pala- to Go 100 Shoppe (SMC) 6.00
Go 100 shoppe to 542 Pala-o 6.00

Schedule 5: Rental Expense

 Rental expenses Monthly Yearly

Room with power and Php 150.00 Php 1,800.00

water

Table 3: Costs of Goods Sold

Year 1 Year 2 Year 3

Costs of Good Php 23,641.20 Php 24,823.26 Php 26,064.42

Sold

Cost of Goods Sold per Month Php 1,970.10

Multiplied by no. of months in a year 12

Cost of Goods Sold (Year 1) Php 23,641.20

Multiplied by increased per year .05

Php
1,182.06

Add: Cost of Goods Sold (Year 1) 23,641.20

Cost of Goods Sold (Year 2) Php 24,823.26

Multiplied by increased per year .05

Php 1,241.16

Add: Cost of Goods Sold (Year 2) 24,823.26

Cost of Goods Sold (Year 3) Php 26,064.42

Cost of Goods Sold is projected to increase by 5% per annum.

Selling Price

Product Cost = Php 73.50

Add: Mark-Up (30%) 22.05

Selling Price Php 95.55~ Php 100.00

Sales Forecast

Year 1 Year 2 Year 3

Sales Forecast Php 36,000.00 Php 39,600.00 Php 43,560.00

Sales Forecast for Cirquilled Php 100.00

Price per Cirquilled 30

Total Sales per Month Php 3,000

Multiplied by the no. of months in a year 12

Sales (year 1) Php36,000.00

Multiplied by (10%) .10

Php 3,600.00

Add: Sales (Year 1) 36,000.00

Sales (Year 2) Php 39,6000.00

Multiplied by (10%) .10

Php 3,960.00

Add: Sales (Year 2) 39,600.00

Sales (Year 3) Php 43,560.00