Schedule 1

Selling Price
Particulars 2018 2019 2020
Direct Materials Used/Unit 11.86 11.70 10.96
Direct Labor/Unit 7.22 6.67 6.06
Factory Overhead/Unit 3.38 3.29 3.09
Total Cost/Unit 22.46 21.65 20.11
Mark Up 12.54 13.35 14.89
Mark Up % 55.82% 61.68% 74.03%
Selling Price 35.00 35.00 35.00

Schedule 2
Sales Volume
Particulars 2018 2019 2020
Beginning Inventory 0.00 0.00 0.00
Add: Units Produced 32,400.00 35,640.00 39,204.00
Less: Spoiled Units (5%) 1,620.00 1,782.00 1,960.20
Units Available for Sale 30,780.00 33,858.00 37,243.80
Less: Ending Inventory 0.00 0.00 0.00
Sales in Units 30,780.00 33,858.00 37,243.80

Schedule 3
Direct Materials Purchases
Particulars 2018 2019 2020
Eggs 34,560.00 35,769.60 36,771.15
Flour 194,400.00 201,204.00 206,837.71
Butter 1,507.50 1,560.26 1,603.95
Melted Cheese 29,880.00 30,925.80 31,791.72
Water 32,400.00 33,534.00 34,472.95
Salt 28.80 29.81 30.64
Milk (Evaporated) 7,200.00 7,452.00 7,660.66
Mozzarella 55,800.00 57,753.00 59,370.08
Cream Cheese 48,600.00 50,301.00 51,709.43
Direct Materials Purchases 404,376.30 418,529.47 430,248.30
 Schedule 4
Direct Materials Used
Particulars 2018 2019 2020
Direct Materials, Beg 0.00 20,218.82 21,937.41
Add: Direct Materials Purchases 404,376.30 418,529.47 430,248.30
Net Purchases 404,376.30 438,748.29 452,185.71
Less: Direct Materials, End (5%) 20,218.82 21,937.41 22,609.29
Direct Materials Used 384,157.49 416,810.87 429,576.42
Divided by: Annual Production 32,400 35,640 39,204
Direct Materials Used Per Unit 11.86 11.70 10.96

Schedule 5
Direct Labor
Particulars 2018 2019 2020
No. of Factory Workers 2 2 2
Multiply by No. of Days 360 360 360
Total Annual Working Days 720 720 720
Multiply by Labor Rate 325.00 330.00 330.00
Direct Labor Cost 234,000.00 237,600.00 237,600.00
Divided by Annual Production 32,400 35,640 39,204
Direct Labor Cost Per Unit 7.22 6.67 6.06
Rate for 2019-2020 is 330

Schedule 6
Indirect Materials Purchases
Particulars 2018 2019 2020
Carton box/pouch 66,013.00 68,323.46 70,236.51
Gas 2,300.00 2,380.50 2,447.15
Indirect Materials Purchases 68,313.00 70,703.96 72,683.67
 Schedule 7
Indirect Materials Used
Particulars 2018 2019 2020
Indirect Materials, Beg 0.00 3,415.65 3,705.98
Add: Indirect Materials Purchases 68,313.00 70,703.96 72,683.67
Net Purchases 68,313.00 74,119.61 76,389.65
Less: Indirect Materials, End (5%) 3,415.65 3,705.98 3,819.48
Indirect Materials Used 64,897.35 70,413.62 72,570.16
Divided by: Annual Production 32,400 35,640 39,204
Indirect Materials Used Per Unit 2.00 1.98 1.85

Schedule 8
Utilities Expense
Particulars 2018 2019 2020
Electricity
Monthly Expense 1,300.00 1,345.50 1,383.17
Annual Expense 15,600.00 16,146.00 16,598.09
Water
Monthly Expense 300 310.50 319.19
Annual Expense 3600 3726 3830.328
Total Utilities 19,200.00 19,872.00 20,428.42

Schedule 9
Repair Expense
Particulars 2018 2019 2020
Monthly Expense 900 990 1089
Annual Expense 10800 11880 13068
Total Repair 10,800.00 11,880.00 13,068.00
 Schedule 10
Maintenance Supplies Expense
Particulars 2018 2019 2020
Broom 75.00 77.63 79.80
Dust Pan 65.00 67.28 69.16
Dishwashing Liquid 1,050.00 1,086.75 1,117.18
Trash can 70.00 72.45 74.48
Liquid soap 240.00 248.40 255.36
Cleaning rag 50.00 51.75 53.20
Sponge 120.00 124.20 127.68
Total Maintenance Supplies 1,670.00 1,728.45 1,776.85

Schedule 11
Factory Tools and Supplies Expense
Particulars 2018 2019 2020
Hairnet (big) 240.00 248.40 255.36
Plastic Gloves 1,560.00 1,614.60 1,659.81
Apron 500.00 517.50 531.99
Pot Holder 20.00 20.70 21.28
Large spoon 378.00 391.23 402.18
Mixing Bowl 1,040.00 1,076.40 1,106.54
Spatula 560.00 579.60 595.83
Chopping Board 299.00 309.47 318.13
Plastic Container 1,050.00 1,086.75 1,117.18
Small Spoon 100.00 103.50 106.40
Knife 400.00 414.00 425.59
Total Factory Tools and Supplies 6,147.00 6,362.15 6,540.29
 Schedule 12
Annual Depreciation of Property, Plant and Equipment
Particulars Cost Useful Life Depreciation
Factory Machinery and Equipment
Flat Pan 2,400.00 3 800.00
Gas Stove 6,580.00 5 1,316.00
Glass Display 8,000.00 5 1,600.00
Stall 15,000.00 5 3,000.00
Total 31,980.00 6,716.00
Factory Furniture and Fixtures
Working Chair 800.00 5 160.00
Total 800.00 160.00

Schedule 13
Factory Overhead
Particulars 2018 2019 2020
Indirect Materials Used 64,897.35 70,413.62 72,570.16
Utilities Expense 19,200.00 19,872.00 20,428.42
Repair Expense 10,800.00 11,880.00 13,068.00
Maintenance Supplies Expense 1,670.00 1,728.45 1,776.85
Factory Tools and Supplies Expense 6,147.00 6,362.15 6,540.29
Dep-Machinery and Equipment 6,716.00 6,716.00 6,716.00
Dep-Furniture and Fixtures 160.00 160.00 160.00
Total Factory Overhead 109,590.35 117,132.22 121,259.71
Divided by: Annual Production 32,400.00 35,640.00 39,204.00
Factory Overhead Per Unit 3.38 3.29 3.09

Schedule 14
Advertising Expense
Particulars 2018 2019 2020
Leaflets 2,500.00 2,000.00 1,500.00
Stickers 1,500.00 1,200.00 900.00
Total Advertising Expense 4,000.00 3,200.00 2,400.00
 Schedule 15
Uniform Expense
Particulars 2018 2019 2020
Polo Shirt 1,800.00 1,863.00 1,915.16
Total Uniform Expense 1,800.00 1,863.00 1,915.16

Schedule 16
Other Supplies Expense
Particulars 2018 2019 2020
Ballpen 48.00 49.68 51.07
Bond Paper 140.00 144.90 148.96
Business Receipts 80.00 82.80 85.12
Calculator 350.00 362.25 372.39
Folder 14.00 14.49 14.90
Pencil 15.00 15.53 15.96
Record Book 160.00 165.60 170.24
Scissors 90.00 93.15 95.76
Stapler 150.00 155.25 159.60
Staple wire 35.00 36.23 37.24
Total Office Supplies 1,082.00 1,119.87 1,151.23

Schedule 17
Rent Expense
Particulars 2018 2019 2020
Monthly Expense 10,000.00 10,000.00 10,000.00
Annual Expense 120,000.00 120,000.00 120,000.00
Total Rent 120,000.00 120,000.00 120,000.00

Schedule 18
Permits and License Expense
Particulars 2018 2019 2020
DTI & City Hall Permit 3,500.00 3,500.00 3,500.00
BIR 2,500.00 2,500.00 2,500.00
Total Permits and License Expense 6,000.00 6,000.00 6,000.00
 Total Project Cost
OH CREPE
For the First Two Months of Operations
Fixed Assets Requirement Total Amount
Factory Machinery and Equipment 31,980.00
Factory Furniture and Fixtures 800.00
Total Fixed Assets 32,780.00
Working Capital Requirement
Direct Materials 67,396.05
Direct Labor 39,000.00
Manufacturing Overhead:
Indirect Material 11,385.50
Utilities 3,200.00
Repairs and Maintenance 1,800.00
Maintenance Supplies 278.33
Factory Tools and Supplies 1,024.50
Depreciation Expense 1,146.00
Total Working Capital 125,230.38
Selling and Administrative Expenses
Administrative Expense 21,180.33
Selling Expense 966.67
Total Other Expenses 22,147.00
Total Expenditures 180,157.38
Cash Contingencies 19,842.62
Total Project Cost 200,000.00

Contribution per partner 66,666.67

Payback Period
2018 2019 2020
Cost of Investment 200,000.00
Net Cash Inflow 139,164.85 203,205.06 275,182.79
Balance 60,835.15 -142,369.91 0.00
Payback Period 1.44 0.30 -0.52