Families and Children for Empowerment

And Development Foundation

2290 President Quirino Avenue, Paco, Manila

Date: October 15, 2008 ANNEX E

Income Statement:
 154 pcs tote bags Medium
 62 pcs tote bags Small
 30 pcs tote bags Large
Sales:
 138 pcs tote bage medium @ Php 18.00 Php 2,484.00
 61 pcs tote bags Small @ Php 15.00 Php 915.00
 30 pcs tote bage Large @ Php 20.00 Php 600.00
Less returns Php____0__
Total Sales: Php 3,999.00

Less:
Production Cost:
 Labor Cost
Cutting:
o 229 pcs x Php 5.00 Php 1,145.00
Sewing:
o 138 pcs tote bags medium @ Php 8.00 Php 1,104.00
o 61 pcs tote bags Small @ Php 6.00 Php 366.00
o 30 pcs tote bage Large @ Php 11.00 Php 330.00
Trimming and cleaning:
o 229 pcs x Php 2.00 Php 458.00

 Transportation Cost
o Purchase/Delivery of Products Php 300.00 Php 3,703.00
Net Income: Php 296.00

Prepared by:

Albert Edquila
MED Coordinator
FCED

Noted By:

Norilix Mansos
Project Manager
FCED