Eighth Fiscal Year

Owner
Beatrice

The Manufacturing Process

Direct Labour Cost to be distributed evenly throughout the production process

Sales and Collections

Jars Units
Homemade Marmalade 302,618

Retailer Location Cash basis only

Grocerrs Credit Terms 30 net

Long Lived Assets

Depreciation /Both Straight Line No Residual Value

Total Facility 2000 Sq Ft

Office 200 Sq Ft
Warehouse 100 Sq Ft
Prodcution 1700 Sq Ft

14-Mar-13
8000 Sq Ft
List Price of facility 877,000
Actual Purchase Price 862,000

Useful life 24 Years 600,000

294,000
Depreciation Straight Line

Debt Financing 1-Dec-05

Loan Amount 696,000 To be paid montly installments

Tenure 8 Years

Interest Rate 5%

Operating Expense

Insurance Premium Paid on each 01 January annualy

1-Apr-13 Annual Lease payment Borrowing rate

4%

Salaries and Wages

Johnson Manager 6200 per month salary
Part time 4
Administrative Assistant 1
Supervisor 2 Per month salaries of supervisors7936.33333333334
Prdouction labourers 6 Per Hour rate 14.30

Total Hours worked in 2013 18,428

Each labourer worked till 15-sep 62.5

Payables
30-Sep-13 30-Sep-12
Advertising & Promotions 3,218 2692
Utilities 1,323 987
Total 4,541 3679

Inventories FIFO

Date Shipped Date Received Raw Material

14-Sep-12 2-Oct-12 Oranges

12-Nov-12 29-Nov-12 Oranges
 3-Feb-13 17-Feb-12 Sugar
8-Aug-13 21-Aug-13 Oranges
19-Sep-13 In Transit Sugar

Value
Oranges 1,863
Sugar 6,125

Value
19-Sep Sugar Ordered 26,354

Date Shipped Date Received Quantity

28-Sep-12 7-Oct-12 60,222
11-Nov-12 29-Nov-12 89,177
30-Dec-12 4-Jan-13 55,387
17-Mar-13 29-Mar-13 89,476
18-Sep-13 Intransit 46,907

Inventory Valuation Method

Weighted Average Method

At year end inventory 7260 jars

Production Supplies 730 Dollars

Raw Material Cost 3,113

Direct labour hours 636
Completed Production unit 3,487

Equity Financing

Trading Investments
Bluebird Wineries Purchased date
30 Bonds 2,011
Interest 6% Semi annualy

Sold 50% bond @ 103

Market interest rate 5%
Previous Year Sales were
257,225.30

No Repair

Corresponding Land
301,700.00

Seller accepted in form of cash

Seller accepted in form of shares
upervisors7936.33333333334
Net Cost
7,829
11,585
6,093
10,737
5,159
On On On
1-Oct 1-Apr 31-Jan-13