© PEANUT QUEEN’S PEANUT ROLL

Presented to:

Mrs. Editha Peralta

Prepared by:
ALONSAGAY, KYLENE CATE
ANTIDO, PATRICIA
BALBALOSA, DIVINE GRACE
BALDEO, RESIENA KEH
BIASURA, JHAZREEL MAE N.

BINUYA, FRANCHESCA

CALLEJA, KRISTINE CARLA

ABM 12-11
 TABLE OF CONTENTS
I. EXECUTIVE SUMMARY………………………………………………………………………………………………………………1

1.1 Objectives
1.2 Mission

II. MANAGEMENT TEAM PLAN/ ORGANIZATIONAL PLAN………………………………………………………………2-3

2.1 Organizational Plan

2.2 Personnel Plan

III. OPERATIONAL PLAN………………………………………………………………………………………………………………….4-5

3.1 Gantt Chart

3.2 Schedules of Selling the Products

4.0 MARKETING PLAN……………………………………………………………………………………………………………………6-9

4.1 Target Market

4.2 Marketing Strategy
4.3 Promotional Plan
4.4 Marketing Budget

5.0 ACCOUNTING …………………………………………………………………………………………………………………………9-1

5.1 Chart of Accounts
5.2 General Journal
5.3 Cash Receipts
5.4 Cash Disbursement
5.4 Ledger
5.5 Trial Balance
5.6 Worksheet
5.7 Income Statement
5.8 Capital Statement
5.9 Balance Sheet
5.10 Post-Closing Trial Balance
5.11 Direct and Indirect Labor Computation
5.12 Source Documents

6.0 DOCUMENTATION …………………………………………………………………………………………………………………9-10

 Group 1

Company Name: Peanut Queen

 EXECUTIVE SUMMARY

The company is inspired by the well-known Korean Drama, "Baker King". Our specialty

is the oh-so-called "Peanut Roll" or the famous sweet peanut brittle. We offer a pack of mini

sizes as well as big sizes. For more details, we also have our Facebook page for Peanut Queen.

a. Objectives

The objectives of Peanut Queen’s Peanut Roll are”

 Be the best and top "mango graham ice candy" company that promotes high
quality products and services.
 Provide enjoyment through the taste of our own product.
 Help the country's farmers in increasing their productivity and promote sustainable
and organic agricultural with them.
 Build and honor healthy, sustainable partnerships with our farmers, our
employees, our vendors, and our customers.
 Increase sales substantially in the first month of operation.
 Increase gross margins in the next two years.
 Increase production and sale from 125 pieces of mango graham in the first week
of operation and reach maximum capacity of 300 pieces per month.

b. Mission

Our company aims to provide an affordable and delicious snack and pasalubong.
2.0 Management Team Plan/ Organizational Plan
The management team is organized into three functional areas: product
sourcing, sales, and marketing; production; and finance and administration. Detailed
descriptions are found in the following section.

3.1 Organizational Plan

Jhazreel Mae
Biasura
C.E.O

Kristine Carla Calleja

Vice President
Finance

Kylene Alonsagay Patricia Antido Resiena Baldeo

Marketing Manager H.R Manager Product Manager

Divine Grace
Franchesca Binuya
Balbalosa
Staff
Staff

The Chief Executive Officer, JhazreelBiasura, is responsible for the overall development

of the company. She is responsible for the top-managerial and final decision-making regarding
the company’s stand. She is responsible for dividing the labor and work among the workers

below her. In behalf of the company, she is the representative for the matters outside the

business. She ensures that the business is going in accord with the social responsibility of the

firm.

The Vice President, Kristine Calleja, monitors day- to- day operations to support growth

and add to an organization’s bottom line. She focuses on strategic planning and target setting and

direct the company's operations in support of its objectives. She is responsible for directing the

work of HR, Brand Manager, Head Production and other members.

The Human Resource Manager, Patricia Antido, is responsible for managing the head

production and is focused on strengthening and enhancing the company’s strategy. She plans,

directs and coordinates an organization's administrative functions.

The Brand Manager, ResienaBaldeo, she plans, develops and directly markets the value

and performance of a particular brand, service or product. She is responsible for adapting a brand

strategy for a company target market. She must concentrate on the development of profit and loss

performance of a brand, image and positioning relative to competitors.

The Hand of Production, KyleneAlonsagay, is responsible for upholding the visions and

goals of the company. She is responsible for the main role of production of the product, she is

liable for assessing the product and its strength in the market.

The members, Divine Balbalosa and FranchescaBinuya, are the main laborers of the

company. They are responsible for making and creating the product and making sure of its

quality and taste on point. They are also responsible for the success of the company.
the success of the team by problem solving participating and contributing to decision making

2.3 Personnel Plan

The team currently has no need to add additional personnel for this venture. All
administration, accounting, and miscellaneous work will be conducted by the
management and sales staff.

3.0 Operational Plan

Rona’s Mango creates Delice Mango that undergo several processes to
produce.Assignment of tasks is appropriate to the position of each people in the
company.

3.1 Gantt Chart

1st Week 2nd Week 3rd Week 4th Week 5th Week 1st 2nd Week
of of of of of Week of of
January January January January January February February

Planning of the
possible
product
Approval of the
paper of the
product
Making and
selling of the
product with
documentation
Making of the
paper, special
journals, and
financial
statements
Presentation of
the results

The 1st Week of January is allotted for brainstorming, deciding what product
shall the company sell, establishing of company name and its organization. The
company will be looking for financial funds that will be used as an investment for the
company. It is also the week to find supplies for raw materials and the approval and
actual making of the product. The ingredients of mango graham ice candy are: 2 packs
of crushed graham, 2kg of ripe mangoes, 6 cans of evaporated milk, and 5 cans of
condensed milk. In a large bowl, mix the evaporated milk, crushed graham, mashed
mango, and condensed milk until the mixture well blended. Then, the mixture will place
in ice candy plastic. Finally, after putting in the plastic, freeze the ice candy on the fridge
for 2 days (so the mixture will be turned into ice). On the 2nd week of January, the
products are to be sold. 3rd week up to 4th week of January, selling of products in PUP
Main 5th floor and 6th floor with immediate documentation. The preparation of financial
statements is to be done on the 1st week of February. And lastly, the business
presentation will be on the 2nd week of February.

3.3 Schedules of Selling the Products

Every Thursday of the school week, the assigned students of the business will
sell the products in our target customers.
4.0 Marketing Plan
In this section, the strategies are provided in order to distribute the product

MARKETING STRATEGY

On January 23, our team conduct a room to room selling of our product. And our

product was easily sold out because we offer affordable price. And we chose to sell our product

during break time because we assumed that it is the best time to sell our product . The total

amount of sales that we earned that day was 320 pesos.

On January 25 which is our second time in selling. We decided to increase the

production since the previous sales was good. And just like the first day of selling, our product

was easily sold out. And the result amount of sales during that day was 640 pesos.

4.1 Target Market

 Students of Polytechnic University of the Philippines Main Campus

 Online Buyers

4.2 Marketing Strategy

Direct selling will be the main way of
customers. We, as the management team and
to gather sufficient experience in customer
relationship to the customers in the future
development of the product.
distribution of the products to the
main provider of the product, aim
relations and create an optimal
for the improvement and further
 We also have a planning promo gimmicks like giving discount to consumer/customer for

buying a certain number of our products.We also doing a direct selling or room to room basis.

And lastly we will make a fliers that contain the details of our products and contact number in

case that they want to buy or order from us.

4.3 Promotional Plan

To expand our product to increase company profit, Peanut Queen Company decided to

use online promotions to make our product be recognized more. The use of social media like

facebook, instagram, twitter, blogs etc are the ways of disseminating the information about the

product. With that the product will known to public and will increase the profit of the company.

4.4 Marketing Budget

The Delice Mango will produce a mango graham dessert with high quality
content and nutritious value as well. Mango graham will need raw materials to produce
the goods to be sold. These include Ripe Mangoes, Evaporated Milk, Condensed, and
Crushed Graham. Raw materials will be purchase at Puregold, España and Galas
where we can assure the quality and the aspect of perish ability. The price is
determined.by

In this section, the items are listed with its estimated price and corresponding actual price

that are needed to operate an effective and efficient production.

Direct Materials ESTIMATED PRICE ACTUAL PRICE

½ Peanut P 50.00 P 40.00

10 Lumpia Wrapper P 100.00 P 100.00

½Brown Sugar P 40.00 P 25.00

½Dark Brown Sugar P 40.00 P 25.00

2 liters of Cooking Oil P 98.00 P 100.00

2 packs of Plastic P 60.00 P 40.00

Total cost of direct material P 358.00 P 330.00

Indirect Material Estimated Price Actual Price

Transportation 90 70
Gas 70 40
Total Cost of Indirect Material 160 110

Direct Material 358 330

Indirect Material 160 110
Total 518 440
300 peanut roll sticks 300 300
Total Cost 1.73 1.47

The total cost of Delice Mango will be 1.50 pesos. Adding a 100 % markup price, the
selling price is 3 pesos.
5.0 Accounting

5.1 Chart of Accounts

Rona’s Mango Corporation uses a job order cost system. The chart of accounts used by
the company is shown below:

Assets Revenue and Expenses

101 Cash 401 Sales
102 Raw Materials Inventory 402 Cost of Goods Sold
103 Work in Process Inventory
104 Finished Goods Inventory Manufacturing Overhead
105 Equipment 501 Manufacturing Overhead
106 Accumulated Depreciation –
Equipment

Liabilities Operating Expenses

201 Accrued Salaries 601 Selling Expense
202 Accounts Payable 602 General Expense
603 Salaries Expense
Owner’s Equity
301 Income Summary
302 Rosales, Capital
5.2 General Journal

DATE DESCRIPTION PR DEBIT CREDIT

2019 105
18 Raw Materials Inventory 330 -
January
Cash 301 330 -
Purchase of raw material

Work in Process – Direct 103

16 190 -
Materials
Raw Materials Inventory 102 190 -
Issuance of materials

16 Work in Process – Indirect 103

55 -
Materials
Manufacturing Overhead 501 55 -
To record cost of raw
materials used

16 Salaries Expense 10-

Accrued Salaries 10=
To record factory payroll

16 Work in Process Inventory – 103 10-

Direct Labor
Salaries Expense 10-
To distribute labor cost

16 Finished Goods Inventory 104

Work in Process Inventory 103
Transfer of finished
goods.

17 Cost of Goods Sold 402

Finished Goods Inventory 104 155
To record cost of
goods sold

19 Work in Process – Direct 103

380 -
Materials
Raw Materials Inventory 102 380 -
Issuance of materials

2019 19 Work in Process – Indirect 103

100 -
January Materials
 Manufacturing Overhead 501 100 -
To record cost of raw
materials used

19 Salaries Expense 20-

Accrued Salaries 20=
To record factory payroll

19 Work in Process Inventory – 20-

Direct Labor
Salaries Expense 20-
To distribute labor cost

19 Finished Goods Inventory 104 500 -

Work in Process Inventory 103 500 -
Transfer of finished
goods.

19 Cost of Goods Sold 402 525.27

Finished Goods Inventory 104 525.27
To record cost of goods
Sold

21 Work in Process – Direct 103

482 -
Materials
Raw Materials Inventory 102 482 -
Issuance of materials

21 Work in Process – Indirect 103

110 -
Materials
Manufacturing Overhead 501 110 -
To record cost of raw
materials used

21 Salaries Expense 40.50

Accrued Salaries 40.50
To record factory payroll

2019 21 Work in Process Inventory – 40.50

January Direct Labor
 Salaries Expense 40.50
To distribute labor cost

21 Finished Goods Inventory 104 592 -

Work in Process Inventory 103 592 -
Transfer of finished
goods.

23 Cost of Goods Sold 402 884.98

Finished Goods Inventory 104 884.98
To record cost of
goods sold.

CASH RECEIPTS JOURNAL

DATE ACCOUNTS PR SUNDRY ACCOUNTS SALES CREDIT CASH
CREDITED CREDIT DEBIT

2019 17 640- 640 -

Cash Sales
January
21 Cash Sales 1280 - 1280 -
23 Cash Sales 2000- 2 000 -
Total: 700 - 3920 - 3920 -
(401) (101)
5.4 Cash Disbursement

CASH DISBURSEMENT JOURNAL

DATE ACCOUNTS PR SUNDRY ACCOUNTS CASH
DEBITED DEBIT CREDIT

2019 102 634 - 634 -

15 Raw Materials Inventory
January
16 Manufacturing Overhead 501 110 - 110 -
– Indirect Materials
19 Raw Materials Inventory 102 573 - 573 -
19 Manufacturing Overhead 501 162 - 162 -
21 Raw Materials Inventory 102 482 - 482 -
21 Manufacturing Overhead 501 110 - 110 -
Total: 2 071 - 2 071 -
() (101)
5.5 Ledger

CASH 101
DATE ITEMS PR DEBIT DATE ITEMS PR CREDIT
2019 2019
31 CRJ1 4 810 - 31 CDJ1 2 071 -
JAN JAN
Bal 2 739 -

RAW MATERIALS INVENTORY 102

DATE ITEMS PR DEBIT DATE ITEMS PR CREDIT
2019 2019
15 CDJ1 634 - 16 GJ1 634 -
JAN JAN
19 CDJ1 573 - 19 GJ2 573 -
21 CDJ1 482 - 21 GJ3 482 -

WORK IN PROCESS INVENTORY 103

DATE ITEMS PR DEBIT DATE ITEMS PR CREDIT
2019 2019
16 GJ1 634 - 16 GJ1 775.50
JAN JAN
16 GJ1 110 - 19 GJ2 777.75
16 GJ1 31.50 21 GJ3 632.50
19 GJ2 573 -
19 GJ2 162 -
19 GJ2 42.75
21 GJ3 482 -
21 GJ3 110 -
21 GJ3 40.50

FINISHED GOODS INVENTORY 104

DATE ITEMS PR DEBIT DATE ITEMS PR CREDIT
2019 2019
16 GJ1 775.50 17 GJ1 775.50
JAN JAN
19 GJ2 777.75 19 GJ2 525.27
21 GJ3 632.50 23 GJ3 884.98

EQUIPMENT 105
DATE ITEMS PR DEBIT DATE ITEMS PR CREDIT
2019 16 GJ1 100 -
JAN

ACCUMULATED DEPRECIATION – 106

EQUIPMENT
DATE ITEMS PR DEBIT DATE ITEMS PR CREDIT
2019 31 ADJ GJ3 10 -
JAN

ACCRUED SALARIES 201

DATE ITEMS PR DEBIT DATE ITEMS PR CREDIT
2019
16 GJ1 31.50
JAN
19 GJ2 42.75
21 GJ2 40.50
31 ADJ GJ3 49 -
Bal 163. 75

ACCOUNTS PAYABLE 202

DATE ITEMS PR DEBIT DATE ITEMS PR CREDIT
2019
31 ADJ GJ3 50 -
JAN

ROSALES, CAPITAL 302

DATE ITEMS PR DEBIT DATE ITEMS PR CREDIT
2019
16 GJ1 100 -
JAN
16 CRJ1 700 -
Bal 800 -

SALES 401
DATE ITEMS PR DEBIT DATE ITEMS PR CREDIT
2019
31 CRJ1 4 110 -
JAN

COST OF GOODS SOLD 402

DATE ITEMS PR DEBIT DATE ITEMS PR CREDIT
2019
17 775. 50
JAN
19 525.27
23 884. 98
bal 2 185. 75

MANUFACTURING OVERHEAD 501

DATE ITEMS PR DEBIT DATE ITEMS PR CREDIT
2019 2019
16 CDJ1 110 - 16 110 -
JAN JAN
19 CDJ1 162 - 19 162 -
21 CDJ1 110 - 21 110 -

SELLING EXPENSE 601

DATE ITEMS PR DEBIT DATE ITEMS PR CREDIT
2019
31 ADJ GJ3 49 -
JAN

GENERAL EXPENSE 602

DATE ITEMS PR DEBIT DATE ITEMS PR CREDIT
2019
31 ADJ GJ3 50 -
JAN
31 ADJ GJ3 10 -

SALARIES EXPENSE 603

DATE ITEMS PR DEBIT DATE ITEMS PR CREDIT
2019 2019
16 GJ1 31.50 16 GJ1 31.50
JAN JAN
19 GJ2 42.75 19 GJ2 42.75
21 GJ2 40.50 21 GJ3 40.50
 5.5 Worksheet

Rona’s Mango Corporation

WORKSHEET
For the month ended January 31, 2019
Account Trial Adjusted Income Balance
Adjustments
Titles Balance Trial Balance Statement Sheet
Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit

Cash 2 739 - 2 739 - 2 739 -

Raw Materials
Inventory
Work in Process
Inventory
Finished Goods
Inventory
Equipment 100 - 100 - 100 -
Accumulated 10 - 10 - 10 -
Depreciation -
Equipment
Accrued 114. 75 49 - 163.75 163.75
Salaries
Accounts Payable 50 - 50 - 50 -
Rosales, Capital 800 - 800 - 800 -
Sales 4 110 - 4 110 - 4 110 -
Cost of Goods 2185.75 2185.75 2185.75
Sold
Manufacturing
Overhead
Selling Expense 49 - 49 - 49 -
General 60 - 60 - 60 -
Expense
P 5024.75 P 5024.75 P 109 - P 109 - P 5133.75 P 5133.75 P 2 294.75 P 4 110 - P 2 839 - P 1 023.75
Net Income 1 815.25 1 815.25
(Loss)
P 4 110 - P 4 110 - P 2 839 - P 2 839 -
5.7 Income Statement

Rona’s Mango Corporation

Statement of Comprehensive Income
For the month ended January 31, 2019

Sales P 4 110 -
Cost of Goods Sold (2185.75)
Gross Profit P 1 924.25
Less: Expenses
Selling Expense P 49 -
General Expense 60 - 109 -
Net Income P 1 815.25

5.8 Capital Statement

Rona’s Mango Corporation
Statement of Changes in Owner’s Capital
For the month ended January 31, 2019

Rosales, Capital – January 1, 2019 P 0-

Add: Additional Investment P 800 -
Net Income 1 815.25 2 615.25
Total P 2 615.25
Less: Withdrawals 0-
Rosales, Capital – January 31, 2019 P 2 615.25

Product: Peanut Roll

 Production Process

The must buy delicacies or "pasalubong" that is beyond your expectation.

INGREDIENTS

Peanut

Lumpia Wrapper
Brown Sugar

Dark Brown Sugar

Cooking Oil

PROCEDURES

1) Sanitize all the materials and equipments.

2) Prepare all the ingredients needed.

3) Fry the nuts.Mix it well.

4) Transfer the fried nuts into a clean bowl and leave it until it's ready to peel.

5) Powderized the peeled nuts using the blender and put it into a clean bowl.

6) Blend the powderized nuts and the brown sugar in a bowl and mix it well.

7) Split the lumpia wrapper.

8) Prepare a bowl and put a small amount of water to stick the lumpia wrapper together when

you roll it.

9) Get a piece of lumpia wrapper and put an amount of mixed powderized nuts and sugar.

10) Fold the both sides of the wrapper until it meets together.

11) Roll the bottom part of the wrapper until it reaches the top and put an amount of water on

the end of the wrapper to stick it so that it will not loose.

12) Heat the pot and deep fry the peanut roll.

13) After frying put it in a strainer.

14) Prepare another pot and put an amount of dark brown sugar and wait until the sugar melts.

15) Fry again the fried peanut roll into the pot with melted sugar and mix it.

16) Put the fried peanut roll into a strainer and let the oil drain for 15 minutes.

17) Prepare the plastics for packing the peanut roll.

18) Put 5 pieces of peanut roll in a pack of large plastic and 3 pieces in a pack of small plastic

and close it.

19 ) Peanut roll is ready to serve.

5.11 Computation of Cost of Goods Sold

Cost of Goods Sold (January 18, 2019)

Direct Materials P 330. 00
Direct Labor 10
Manufacturing Overhead 110. 00
Total Manufacture Goods Cost P 450.00
Work in Process, beg 0.00
Total Cost Put into Process P 450.00
Work in Process, end (0.00)
Cost of Goods Manufactured P 450.00
Finished Goods Inventory, beg 0.00
Total Goods Available for Sale P 450.00
Finished Goods Inventory, end (0.00)
Cost of Goods Sold P 450.00


Cost of Goods Sold (January 19, 2019)
Direct Materials P 450. 00
Direct Labor 30
Manufacturing Overhead 240. 00
Total Manufacture Goods Cost P 720. 00
Work in Process, beg 0.00
Total Cost Put into Process P 720.00
Work in Process, end (0.00)
Cost of Goods Manufactured P 720.00
Finished Goods Inventory, beg 0.00
Total Goods Available for Sale P 720. 00
Finished Goods Inventory, end (0)
Cost of Goods Sold P 720.00


Cost of Goods Sold (January 21, 2019)
Direct Materials P 500. 00
Direct Labor 35
Manufacturing Overhead 240. 00
Total Manufacture Goods Cost P 632. 50
Work in Process, beg 0.00
Total Cost Put into Process P 632. 50
Work in Process, end (0.00)
Cost of Goods Manufactured P 632. 50
Finished Goods Inventory, beg 252.48
Total Goods Available for Sale P 777. 75
Finished Goods Inventory, end (252.48)
Cost of Goods Sold P 884.98
