Families and Children for Empowerment

And Development Foundation

2290 President Quirino Avenue, Paco, Manila

Date: December 10, 2008 ANNEX G

Income Statement:
 300 pcs Pot Holder
 Canvass
Sales:
 300 pcs Pot Holder @ Php 22.00 Php 6,600.00
Less returns Php____0__
Total Sales: Php 6,600.00

Less:
Production Cost:
 Materials Cost
o Canvass 17 yards x Php 65.00 Php 1,105.00
o Thread 3 cones x Php 33.00 Php 99.00

 Labor Cost
Cutting:
o 300 pcs x Php 5.00 Php 1,500.00
Sewing:
o 300 pcs x Php 8.00 Php 2,400.00
Trimming and cleaning:
o 300 pcs x Php 2.00 Php 600.00

 Transportation Cost
o Purchase/Delivery of Products Php 300.00 Php 6, 004.00
Net Income: Php 596.00

Prepared by:

Albert Edquila
MED Coordinator
FCED

Noted By:

Norilix Mansos
Project Manager
FCED