Families and Children for Empowerment

And Development Foundation

2290 President Quirino Avenue, Paco, Manila

Date: December 20, 2008 ANNEX M

Income Statement:
 21 pcs Butterfly Bookmarks
Sales:
 21 pcs Bookmarks@ Php 30.00 Php 630.00
Less returns Php____0__
Total Sales: Php 630.00

Less:
Production Cost:
 Materials Cost
o Glass beads 4 packs x Php 24.00 Php 96.00
o Cut Beads 1 pack x Php 6.00 Php 6.00
o Wire # 5 21 pcs x Php 0.64 Php 13.44

 Labor Cost
Beading:
o 21 pcs x Php 7.00 Php 147.00

 Transportation Cost
o Purchase/Delivery of Products Php 48.00 Php 310.44
Net Income: Php 319.56

Prepared by:

Albert Edquila
MED Coordinator
FCED

Noted By:

Norilix Mansos
Project Manager
FCED