Families and Children for Empowerment

And Development Foundation

2290 President Quirino Avenue, Paco, Manila

Date: March 10, 2009 ANNEX N

Income Statement:
 6 pcs Grocery Bags
 Cheese Cloth
 Short Strap
 14”x 16”x5”
Sales:
 6 pcs Grocery bags@ Php 100.00 Php 600.00
Less returns Php____0__
Total Sales: Php 600.00

Less:
Production Cost:
 Materials Cost
o Canvass 3 yards x Php 65.00 Php 195.00
o Nylon Strap 6 straps x Php 15.00 Php 90.00
o Thread 1 roll x Php 33.00 Php 33.00

 Labor Cost
Cutting:
o 6 pcs x Php 5.00 Php 30.00
Sewing:
o 6 pcs x Php 10.00 Php 60.00
Strapping:
o 6 pcs x Php 3.00 Php 18.00
Trimming:
o 6 pcs x Php 2.00 Php 12.00

 Transportation Cost
o Purchase/Delivery of Products Php 42.00 Php 438.00
Net Income: Php 162.00

Prepared by:

Albert Edquila
MED Coordinator
FCED
Noted By:

Norilix Mansos
Project Manager
FCED