MMK Wrap n' Roll

Income statement

For the year ended December 31 2020

Sales
Cost of Goods Sold
Direct Materials
Direct Labor
Overhead
Cost of Goods Sold
  Gross margin (Sales – Cost of goods sold)
Operating Expenses:
Selling Expenses
General Expenses
Operating Profit
 MMK Wrap n' Roll

Income statement

For the year ended

December 31 2021

2536500 Sales
Cost of Goods Sold
902905.5 Direct Materials
669970 Direct Labor
493900 Overhead
2066776 Cost of Goods Sold
469724.5   Gross margin (Sales – Cost of goods sold)
Operating Expenses:
70350 Selling Expenses
8977 General Expenses
390397.5 Operating Profit
2937000
YEAR No. of Days Piece per day Units per year Price per unit
2020 267 500 133500 19
2021 267 550 146850 20
2022 267 550 146850 21
2023 267 550 146850 22
2024 267 600 160200 23
PESO SALES PER YEAR
2536500
2937000
3083850
3230700
3684600
Direct Materials
Dough 1377.5
plus: Filling 1745
Direct Materials per day 3122.5
Multiply: 267
Total 833707.5

Direct Labor
Empanada Maker 309312
Empanada Stall Keeper 309312
Total 618624

Overhead C1
Indirect Materials 112140 C1 Price per pack

Indirect Labor 0 Multiply: nos. of packs per day

Rent Expense 210000 C2 Multiply: no. of days
Depreciation Expense - Equipment 6330.7 C3 Indirect Materials
Depreciation Expense - Furnitures and Fixtures 3850 C4
Factory Supplies 250
Utilities Expense 111606 C5
Depreciation Expense - Vehicle 2333.34 C6
Sanitary Supplies 9538
Total Overhead 456048

Manufacturing Cost
Direct Materials 833707.5 69198
Direct Labor 618624 51346
Overhead 456048 37852
Total Manufacturing Cost 1908380

1month buy 1 take 1 158396

 C2 C3 C4 C5
42 Factory Rent 90000 Equipment 63307 Furnitures 38500 Electricty 60,000.00
Gas (LPG) 40,206.00
10 Stall Rent 120000 Useful Life 10 Useful Life 10
267 Total 210000 Total 6330.7 Total 3850
112140 Water 11,400.00
Total 111,606

902905.5
669970
493900

2066775.5
C6
Vehicle 35000

Useful Life 15
Total 2333.333
 Advertisement Expense
Quantit
Items Price Amount
y
Fliers 500 0.6 300
Tarpaulin 3 550 1,650
Mini Tarpaulin 24 200 4,800
6750

Diesel - Vehicle 6000

Driver Salary 57600

Total Selling Expenses 70350

 Fees 2020 2021 2022 2023 2024

Kind of
Permit
/Licenses
(Require
ments)

SEC
Permit

Company
name 100 P100
verificatio
n slip

Documen
tary 30 P30
Stamp

Filling Fee 4800 P4800

Legal
research 48 P48
fee

Registrati
on of 75 P75
Members
hip

Barangay
Clearance
(Annually
)

Barangay P500 P500 P500 P500 P500 P500

Clearance

Communi
ty tax P500 P500 P500
certificate

Mayor’s
Permit
(annually)
Mayor’s P500 P500 P500 P500 P500 P500
Permit
Sanitary P90 P90 P90 P90 P90 P90
Permit
Garbage P1200 P1200 P1200 P1200 P1200 P1200
Fee
Signboard P200 P200 P200 P200 P200 P200
Fee

Fire
Safety
Inspectio P304 P304 P304 P304 P304 P304
n fee

BIR
Annual
Registrati P500 P500 P500 P500 P500 P500
on Fee
Certificati P100 P100
on fee
Documen
tary P30 P30
stamp
P 8977 P3294 P3294 P3294 P3294