Families and Children for Empowerment

And Development Foundation

2290 President Quirino Avenue, Paco, Manila

Date: December 10, 2008 ANNEX H

Income Statement:
 300 pcs of Table napkins kusot mayaman
Sales:
 300 pcs table napkin @ Php 40.00 Php 12,000.00
Less returns Php____0__
Total Sales: Php 12,000.00

Less:
Production Cost:
 Materials Cost
o Kusot mayaman 75 yards x Php 95.00 Php 7,125.00
o Thread 3 cones x Php 33.00 Php 99.00

 Labor Cost
Cutting:
o 300 pcs x Php 3.00 Php 900.00
Sewing:
o 300 pcs x Php 5.00 Php 1,500.00
Trimming and cleaning:
o 300 pcs x Php 2.00 Php 600.00

 Transportation Cost
o Purchase/Delivery of Products Php 300.00 Php 10,524.00
Net Income: Php 1,476.00

Prepared by:

Albert Edquila
MED Coordinator
FCED

Noted By:

Norilix Mansos
Project Manager
FCED