Table 1.

Purchases for the First month, Galleta

Purchases
Item Description
UM UC Qty Amount
Direct Materials
Oreo pack 7.00 616 4,312.00
butter bar 35.00 7 245.00
Evaporated Milk can 27.00 14 378.00
Caster sugar box 56.50 4 226.00
Cornstarch box 39.50 2 79.00
Chocolate kg 165.00 28 4,620.00
Gelatin pack 13.50 16 216.00
Heavy Cream liter 200.00 28 5,600.00
Sugar cone pack 35.00 39 1,365.00
Subtotal 17,041.00

Indirect Materials
Muffin liner 12/pack 25.00 59 1,475.00
Disposable spoon 500/pack 85.00 2 170.00
Subtotal 1,645.00

add ons:
whip cream kg 250.00 1 250.00
springkles pack 200.00 1 200.00
crushed oreos pack 170.00 1 170.00
marshmallows pack 130.00 1 130.00
Subtotal 750.00

Total 19,436.00 raw mats

 target-1400
perday-70

17,791.00
Table 2. Purchases for the Second month, Galleta
Purchases
Item Description
UM UC Qty Amount
Direct Materials
Oreo pack 7.00 528 3,696.00
butter bar 35.00 6 210.00
Evaporated Milk can 27.00 12 324.00
Caster sugar box 56.50 2 113.00
Cornstarch box 39.50 1 39.50
Chocolate kg 165.00 24 3,960.00
Gelatin pack 13.50 14 189.00
Heavy Cream liter 200.00 24 4,800.00
Sugar cone pack 35.00 33 1,155.00
Subtotal 14,486.50

Indirect Materials
Muffin liner 12/pack 25.00 42 1,050.00
Disposable spoon 500/pack 85.00 1 85.00
Subtotal 1,135.00

add ons:
whip cream kg 250.00 1 250.00
springkles pack 200.00 1 200.00
crushed oreos pack 170.00 1 170.00
marshmallows pack 130.00 1 130.00
Subtotal 750.00

Total 16,371.50
 target-1200
perday-60

15,236.50
2980
1135
4115
Table 3. Purchases for the Third month, Galleta
Purchases
Item Description
UM UC Qty Amount
Direct Materials
Oreo pack 7.00 440 3,080.00
butter bar 35.00 5 175.00
Evaporated Milk can 27.00 10 270.00
Caster sugar box 56.50 3 169.50
Cornstarch box 39.50 1 39.50
Chocolate kg 165.00 20 3,300.00
Gelatin pack 13.50 12 162.00
Heavy Cream liter 200.00 20 4,000.00
Sugar cone pack 35.00 28 980.00
Subtotal 12,176.00

Indirect Materials
Muffin liner 12/pack 25.00 42 1,050.00
disposable spoon 500/pack 85.00 1 85.00
Subtotal 1,135.00

add ons:
whip cream kg 250.00 1 250.00
springkles pack 200.00 1 200.00
crushed oreos pack 170.00 1 170.00
marshmallows pack 130.00 1 130.00
Subtotal 750.00

Total 14,061.00
target-1000
perday-50

12,926.00
17,791.00
15,236.50
45,953.50
Table 4. Tools, equipment, office supplies, miscellaneous, kitchen and rental expense

ITEMS QTY UC AMT

(P) (P)
Tools
measuring cup 1 225.75 225.75
measuring spoon 1 54.75 54.75
mixing bowl 1 60.00 60.00
plastick tupperware 5 15.00 75.00
whisk 2 75.00 150.00
stainless casserole 2 162.67 325.34
glass cabinet 2 1,200.00 2,400.00
icing dispenser 2 49.50 99.00
3,389.84

Equipment
stall/housing 1 5,000.00 5,000.00
weighing scale 1 120.00 120.00
extension chord 1 230.00 230.00
fridge 1 6,000.00 6,000.00
11,350.00
Office Supplies
record book 1 40.00 40.00
ballpen 1 6.00 6.00
46.00
Operating expense
Rent 1,500.00 1,500.00
Transportation 500.00 500.00
Utilities 500.00 500.00
2,500.00
Miscellaneous Expense
hairnet 3 10.00 30.00
gloves 1 50.00 50.00
apron 3 75.00 225.00
tarpaulin 1 250.00 250.00
t-shirt 3 150.00 450.00
1,005.00
Kitchen Expense
LPG Gas 1 680.00 680.00
tissue 1 130.00 130.00
disposable spoon 1 85.00 85.00
895.00
TOTAL 19,185.84
 Note 1. Bank
Cash on Bank 43,245.66
43,245.66

Note 2. Ending inventory, direct materials

ITEM UNIT OF AMOUNT QUANTITY
MEASUREMENT (P)
Caster sugar box 56.50 0.76
Cornstarch box 39.50 0.56
Gelatin pack 13.50 0.83
Sugar cone pack 35.00 0.78
TOTAL

Note 3. Ending inventory, indirect materials

ITEM UM AMOUNT QTY
Muffin liner pack 25.00 0.33
Disposable spoon pack 85.00 0.40
TOTAL

Note 4. Tools andquipment accumulated depreciation

ITEM COST LIFE SPAN AD
weighing scale 120 60 months 8.00
fridge 6,000 120 months 200.00
Subtotal 208.00
Stall 5,000 24 months 833.33
TOTAL 1,041.33

Note 5. Sales
Galleta Cone 45,000.00
Galleta Muffin 45,000.00

Add-ons
Whip Cream 990.00
Sprinkles 240.00
Marshmallow 400.00
Crushed Oreos 120.00
TOTAL 91,750.00

Note 6. Cost of Sales

Purchases, Direct materials 45,953.50
Purchases, Indirect materials 4,115.00
Total 50,068.50
Less: Raw materials end 146.22
Raw materials used 49,922.28
Overhead:
Depreciation, tools and equipment 208
Depreciation, stall 833.33
Rent 1,500.00
Utilities 500
Uniform 450
Kitchen supplies 895 4,386.33
Total

Note 7. Operating expense

Rent
Transportation
Promotional expense
Office supplies
Utilities

Note 8. Other Income

Interest income
Total
 TOTAL
AMOUNT
43.12
22.31
11.23
27.22
103.89

TOTAL AMOUNT
8.33
34.00
42.33

BV
112.00
5,800.00
5,912.00
4,166.67
10,078.67
54,308.61

4,500.00
500.00
800.00
46.00
500.00
6,346.00

0.25
0.25
Table 5. Production cost of Galleta
PRODUCT UM QTY UNIT COST TOTAL COST
Galleta Cone
Direct Materials
Oreo Biscuits pc 22 170.00
Heavy Cream liter 1 200.00
Butter bar 1/4 35.00
Chocolate kg 1 165.00
Evaporated milk can 1/2 13.50
Caster sugar tbsp 4 6.46
Gelatin tbsp 1 7.72
Cornstarch tsp 4 1.88
599.56
/50 11.99
Indirect Materials
Sugar cone pc 1 2.11 2.11
14.10

Indirect Materials
Muffin liner pc 1 2.08
Disposable spoon pc 1 0.17
2.25
14.24
Table 6. Production summary, Galleta

PRODUCT PRODUCTION 1ST MONTH 2ND MONTH

COST (P) QTY AMT (P) QTY AMT (P)
Galleta Sugar Cone 14.10 700 9,870.00 600 8,460.00
Galleta Muffin 14.24 700 9,968.00 600 8,544.00

Add-ons
Whip Cream 3.00 150 450.00 130 390.00
Sprinkles 2.00 50 100.00 40 80.00
Marshmallow 2.00 100 200.00 80 160.00
Crushed Oreos 2.00 30 60.00 20 40.00
1730 20,648.00 1470 17,674.00
3RD MONTH TOTAL
QTY AMT (P) QTY AMT (P)
500 7,050.00 1800 25,380.00
500 7,120.00 1800 25,632.00

50 150.00 330 990.00

30 60.00 120 240.00
20 40.00 200 400.00
10 20.00 60 120.00 25,380.00
1110 14,440.00 4310 52,762.00 25,632.00
51,012.00
 Table 7. Purchases, production cost and ending inventory for the first month, Galleta
PURCHASES PRODUCTION
ITEMS DESCRIPTION UM UC QTY AMT(P) QTY AMT(P)

Direct Materials
Oreo pack 7.00 616 4,312.00 616 4,312.00
butter bar 35.00 7 245.00 7 245.00
Evaporated Milk can 27.00 14 378.00 14 378.00
Caster sugar box 56.50 4 226.00 3.2032 180.98
Cornstarch box 39.50 2 79.00 1.3363 52.78
Chocolate kg 165.00 28 4,620.00 28 4,620.00
Gelatin pack 13.50 16 216.00 16 216.00
Heavy Cream liter 200.00 28 5,600.00 28 5,600.00
Marshmallow pack 130.00 1 130.00 1 130.00
Crushed oreo pack 170.00 1 170.00 1 170.00
Whip cream pack 250.00 1 250.00 1 250.00
Sprinkles pack 200.00 1 200.00 1 200.00
Sugar cone pack 35.00 39 1,365.00 38.1111 1,333.89
Subtotal 17,791.00 17,688.65

Indirect Materials
Muffin liner pack 25.00 59 1,475.00 58.67 1,466.67
Disposable spoon pack 85.00 2 170.00 1.40 119.00
Subtotal 1,645.00 1,585.67

Total 19,436.00 19,274.32

 INVENTORY
QTY AMT(P)

- -
- -
- -
0.80 45.02
0.66 26.22
- -
- -
- -
- -
- -
- -
- -
0.89 31.11
102.35

0.33 8.33
0.60 51.00
59.33

161.68
Table 8. Purchases, production cost and ending inventory for the second month, Galleta
PURCHASES PRODUCTION
ITEMS DESCRIPTION UM UC QTY AMT(P) QTY AMT(P)

Direct Materials
Oreo pack 7.00 528 3,696.00 528 3,696.00
butter bar 35.00 6 210.00 6 210.00
Evaporated Milk can 27.00 12 324.00 12 324.00
Caster sugar box 56.50 2 113.00 1.9488 110.11
Cornstarch box 39.50 1 39.50 0.4811 19.00
Chocolate kg 165.00 24 3,960.00 24 3,960.00
Gelatin pack 13.50 14 189.00 13.728 185.33
Marshmallow pack 130.00 1 130.00 1 130.00
Crushed oreo pack 170.00 1 170.00 1 170.00
Whip cream pack 250.00 1 250.00 1 250.00
Sprinkles pack 200.00 1 200.00 1 200.00
Heavy Cream liter 200.00 24 4,800.00 24 4,800.00
Sugar cone pack 35.00 33 1,155.00 32.4444 1,135.55
Subtotal 15,236.50 15,189.99

Indirect Materials
Muffin liner pack 25.00 42 1,050.00 41.67 1,041.67
Disposable spoon pack 85.00 1 85.00 0.60 51.00
Subtotal 1,135.00 1,092.67

Total 16,371.50 16,282.66

 INVENTORY
QTY AMT(P)

- -
- -
- -
0.05 2.89
0.52 20.50
- -
0.27 3.67
- -
- -
- -
- -
- -
0.56 19.45
46.51

0.33 8.33
0.40 34.00
42.33

88.84
Table 9. Purchases, production cost and ending inventory for the third month, Galleta
PURCHASES PRODUCTION
ITEMS DESCRIPTION UM UC QTY AMT(P) QTY AMT(P)

Direct Materials
Oreo pack 7.00 440 3,080.00 616 3,080.00
butter bar 35.00 5 175.00 7 175.00
Evaporated Milk can 27.00 10 270.00 14 270.00
Caster sugar box 56.50 3 169.50 2.2368 126.38
Cornstarch box 39.50 1 39.50 0.4351 17.19
Chocolate kg 165.00 20 3,300.00 28 3,300.00
Gelatin pack 13.50 12 162.00 11.168 150.77
Heavy Cream liter 200.00 20 4,000.00 28 4,000.00
Marshmallow pack 130.00 1 130.00 1 130.00
Crushed oreo pack 170.00 1 170.00 1 170.00
Whip cream pack 250.00 1 250.00 1 250.00
Sprinkles pack 200.00 1 200.00 1 200.00
Sugar cone pack 35.00 28 980.00 27.2222 952.78
Subtotal 12,926.00 12,822.11

Indirect Materials
Muffin liner pack 25.00 42 1,050.00 41.67 1,041.67
Disposable spoon pack 85.00 1 85.00 0.60 51.00
Subtotal 1,135.00 1,092.67

Total 14,061.00 13,914.78

 INVENTORY
QTY AMT(P)

- -
- -
- -
0.76 43.12
0.56 22.31
- -
0.83 11.23
- -
- -
- -
- -
- - 146.22
0.78 27.22
103.89

0.33 8.33
0.40 34.00
42.33

146.22
Table 13. Sales summary, Galleta

PRODUCT PRODUCTION 1ST MONTH 2ND MONTH

COST (P) QTY AMT (P) QTY AMT (P)

Galleta Cone 25.00 700.00 17,500.00 600.00 15,000.00

Galleta Muffin 25.00 700.00 17,500.00 600.00 15,000.00

Add-ons
Whip Cream 3.00 150 450.00 130 390.00
Sprinkles 2.00 50 100.00 40 80.00
Marshmallow 2.00 100 200.00 80 160.00
Crushed Oreos 2.00 30 60.00 20 40.00
TOTAL 35,810.00 30,670.00
 3RD MONTH TOTAL
QTY AMT (P) QTY AMT (P)

500.00 12,500.00 1,800.00 45,000.00

500.00 12,500.00 1,800.00 45,000.00

50 150.00 330 990.00

30 60.00 120 240.00
20 40.00 200 400.00
10 20.00 60 120.00
25,270.00 91,750.00
Table 11. Unit cost, mark up and selling price of GALLETA

PRODUCT UNIT MARK UP SELLING

COST AMOUNT PERCENTAGE PRICE
(Peso) (P)

Galleta cone 14.1 10.9 77.30% 25

Galleta muffin 14.24 10.76 75.56% 25
Table 12. Promotional tools of GALLETA

ITEM QUANTITY AMOUNT

tarpaulin 4 800.00

TOTAL 4 800.00
Table 14. Initial capital breakdown of Galleta

ITEM AMOUNT (P)

Raw Materials 2,492.00

Tools and equipments 14,739.84
Rent 1,500.00
Office Supplies 46.00
Kitchen supplies 895.00
Promotional expense 800.00
Miscellaneous expense 1,005.00
TOTAL 21,477.84
2492

(8,522.16)
Income Statement table 16

Note
Sales 5 91,750.00
Less: Cost of sales 6 52,108.61
Gross Profit 39,641.39
Less: Operating expense 7 6,346.00
Operating Profit 33,295.39
Add: Other income 8 0.00
Net income 33,295.39
Statement of changes in Partner's Equity

Amangan De Guzman Malapote Total

Capital Beginning 10,000.00 10,000.00 10,000.00 30,000.00
Add: Net Income 10,365.21 10,365.21 10,365.21 31,095.63
Ending Balance 20,365.21 20,365.21 20,365.21 61,095.63

11,098.46 11,098.46 11,098.46

10,000.00 10,000.00 10,000.00
21,098.46 21,098.46 21,098.46
63,295.38
Statement of Cash Flows table 17

Cash flow from Operating Activities

Cash Sales 91,750.00
Interest Income
Purchase of Direct Materials 45,953.50
Purchase of Indirect Materials 3,915.00
Cash Payment for Uniforms 450.00
Purchase of Office Supplies 46.00
Cash Payment for Transportation 500.00
Purchase of Kitchen Supplies 895.00
Cash Payment for Promotional Expenses 800.00
Cash Payment for Utilities Expense 500.00
Cash Payment for Rent Expense 4,500.00
Cash Payment for Other Expenses 1,005.00
Net Cash Provided by Operating Activities 32,985.50

Cash Flow from Investing Activities

Acquisition of tools and Equipment -6,000.00
Payment for Stall -5,000
Net Cash Used in Investing Activities -11,000.00

Cash Flow from Financing Activities

Investment by Partners 30,000
Net Cash provided by Financing Activities 30,000
Ending Cash Balance 51,985.50
Statement of Financial Position table 15
Current Assets Note
Cash on Bank 1 43,245.66
Direct Materials end 2 103.89
Indirect materials end 3 42.33
Total current assets 43,391.88

Non-current Asset
Tools and Equipment 4 5,912.00
Stall 4 4,166.67
Total Non-current assets 10,078.67

Total Assets 53,470.55

Partner's Equity
Amangan, Capital 17,823.52
De Guzman, Capital 17,823.52
Malapote, Capital 17,823.52
53,470.56

61,750.00
Note 2. Ending inventory, direct materials
ITEM UNIT OF AMOUNT QUANTITY TOTAL
MEASUREMENT (P) AMOUNT
Caster sugar box 56.50 0.76 43.12
Cornstarch box 39.50 0.56 22.31
Gelatin pack 13.50 0.83 11.23
Sugar cone pack 35.00 0.78 27.22
TOTAL 103.89

Note 1. Cash
Cash on bank 43,245.66

43,245.66

Note 3. Ending inventory, indirect materials

ITEM UNIT OF AMOUNT QUANTITY TOTAL
MEASUREMENT (P) AMOUNT
Muffin liner pack 25.00 0.33 8.33
Disposable spoon pack 85.00 0.40 34.00
TOTAL 42.33

Note 4. Tools and Equipment accumulated depreciation

ITEM COST LIFE ACCUMULATED BOOK
(P) SPAN DEPRECIATION VALUE
(P)
weighing scale 120 60 months 8.00 112.00
fridge 6,000 120 months 200.00 5,800.00
Subtotal 208.00 5,912.00
Stall 5,000 24 months 833.33 4,166.67
TOTAL 1,041.33 10,078.67
Note 5. Sales

Galleta Cone 45,000.00

Galleta Muffin 45,000.00

Add-ons
Whip Cream 990.00
Sprinkles 240.00
Marshmallow 400.00
Crushed Oreos 120.00
TOTAL 91,750.00

Note 6. Cost of Sales

Purchases, Direct materials 45,953.50
Purchases, Indirect materials 3,915.00
Total 49,868.50
Less: Raw materials end 146.22
Raw materials used 49,722.28
Overhead:
Depreciation, tools and equipment 208
Depreciation, stall 833.33
Uniform 450
Kitchen supplies 895 2386.33
Total 52,108.61
Note 7. Operating expense

Rent 4,500.00
Transportation 500.00
Promotional expense 800.00
Office supplies 46.00
Utilities 500.00
6,346.00

Note 8. Other Income

Interest income 0.25 0.0002%
Total 0.25
Activities August Sept. Oct. Nov. Dec. Jan. Feb. Mar.
1 2 3 4 1 2 3 4 1 2 3 4 1 2 34 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3
Pre-operating Activities
Planning
Preparation of Proposal
Proposal Defense
Revision of proposal
Actual Operations
Deposit of capital
Procurement of tools and equipment
Procurement of raw materials
Promotion of the products
Production
Selling of products
Evaluation of the Project
Final Defense
Revision of Manuscript
Mar. Apr. May
4 1 2 3 4 1 2 3 4
Statement of Financial Position table 15
Current Assets Note
Cash on Bank 1 51,985.50
Direct Materials end 2 103.89
Indirect materials end 3 42.33
Total current assets 52,131.72

Non-current Asset
Tools and Equipment 4 5,912.00
Stall 4 4,166.67
Total Non-current assets 10,078.67

Total Assets 62,210.39

Partner's Equity
Amangan, Capital 17,823.52 20, 736.89
De Guzman, Capital 17,823.52
Malapote, Capital 17,823.52
53,470.56