Barangay No. of household 2018 percentage no.

of respondents
Aduas Norte 2044 12.11% 11 N
Aduas Sur 1826 10.82% 10 N
Bitas 1404 8.32% 8 N
Caalibangbangan 4430 26.24% 24 N
Daan Sarile 1100 6.52% 6 N
Kapitan Pepe 3355 19.87% 18 N
Mayapyap Sur 2722 16.12% 15 N
TOTAL 16881 35.64% 93
93

Bantug Norte 2228 15.62% 18 E

Barrera 1724 12.09% 14 E
Dicarma 939 6.58% 8 E
Mabini Extension 1943 13.62% 16 E
Magsaysay Norte 1925 13.50% 16 E
Ms Garcia 3353 23.51% 27 E
San Isidro 2149 15.07% 17 E
TOTAL 14261 44.65% 116
116

San Juan Accfa 2193 57.17% 17 S

Sumacab Este 1643 42.83% 12 S
TOTAL 3836 11.20% 29
29

San Josef Sur 2064 57.48% 13 W

Sumacab Norte 1527 42.52% 9 W
TOTAL 3591 8.51% 22
22
260
 2018 99130
2019 105712.232
y1 2020 112731.5
y2 2021 120216.897
y3 2022 128199.299
y4 2023 136711.733
y5 2024 145789.392
YEAR POPULATION POTENTIAL DEMAND
Percentage of
Percentage of Percentage of
those who are
furniture those who are
willing to be the
products that aware of
Growth rate=6.64% customer of the
is made of Space Saving
proposed
wood Furniture
business
(97.78%) (92.05%)
(99.72%)
2020 112,732 110,226 101,458 101,170
2021 120,217 117,545 108,195 107,888
2022 128,199 125,350 115,379 115,052
2023 136,712 133,674 123,041 122,691
2024 145,789 142,550 131,210 130,838

Total Annual Demand Frequency

 Space Saving Dining Set
EFFECTIVE
DEMAND ANNUAL POTENTIAL DEMAND

Percentage of
Family
furniture products
Income *
that they are going
(66.94%)
to buy

67,728 2020 12,342

72,225 2021 13,162 10,880
77,021 2022 14,036 12,664
82,135 2023 14,968 13,159
87,589 2024 15,962 12,866

Space Saving Sala Set

ANNUAL POTENTIAL
DEMAND

Percentage of
furniture products
*
that they are going
to buy

2020 15,247
2021 16,259 13,147
2022 17,338 15,281
2023 18,490 16,723
2024 19,717 16,760
ng Dining Set Space Saving Bed
ANNUAL EFFECTIVE
DEMAND ANNUAL POTENTIAL
DEMAND

Percentage of Percentage of
furniture products furniture products
*
on when they are that they are going to
considering to buy buy

2,282 2020 14,209

1,371 2021 15,153 12,664
1,809 2022 16,159 14,310
3,096 2023 17,232 14,725
3,892 2024 18,376 16,227

ing Sala Set Space Saving Cabinet

ANNUAL EFFECTIVE ANNUAL POTENTIAL
DEMAND DEMAND

Percentage of Percentage of
furniture products furniture products
*
on when they are that they are going to
considering to buy buy

3,112 2020 11,928

2,057 2021 12,720 10,334
1,767 2022 13,564 12,396
2,958 2023 14,465 13,064
5,815 2024 15,425 12,131
ving Bed Space Saving Coffee Table
ANNUAL EFFECTIVE
DEMAND ANNUAL POTENTIAL
DEMAND

Percentage of Percentage of
furniture products furniture products
*
on when they are that they are
considering to buy going to buy

2,489 2020 14,002

1,849 2021 14,932 12,546
2,507 2022 15,923 14,157
2,150 2023 16,980 15,302
5,804 2024 18,108 14,934

ng Cabinet
ANNUAL EFFECTIVE
DEMAND

Percentage of
furniture products
on when they are
considering to buy

2,386
1,168
1,401
3,294
3,903
ving Coffee Table
ANNUAL EFFECTIVE
DEMAND

Percentage of
furniture products
on when they are
considering to buy

2,386
1,766
1,678
3,174
5,421
 Total Res
Gender:
Male 140
Female 220 360
Status:
Single 155
Married 205 360
Occupation:
Employed 256
Self- employed 55
Unemployed 45
Student 4 360
(
Below 10,000 73
10,001- 20,000 46
20,001-30,000 117
30,001- 40,000 96
40,001- 50,000 21
Above 50,000 7 360
1. What are the types of furniture that you have in your house?(You may choose
Sala set 318
Cabinet 336
Coffee table 200
Bed 351
Dining table 341
Others 0 1546
2. When did you last buy your furniture?
Last Year 84
2 years ago 144
6 mos. Ago 43
Others
Last month 1
3 years ago 29
4 years ago 18
5 years ago 22
6 years ago 9
7 years ago 9 360
10 years ago 1
3. If you will buy furniture would you prefer to buy furniture made of wood?
Yes 352
No 8 360
4. What furniture do you wish to buy?(You can choose more than one)
Cabinet 106
Sala set 122
Bed 98
Dining set 99
Coffee table 149
Others
Study Table 2
Computer Table 1 577
5. How often do you buy Dining set?
Once a year 3
Once every 2 years 6
once every 3 years 10
once every 4 years 28
once every 5 years 110
others
6 years 27
7 years 19
8 years 19
9 years 28
10 years 58
11 years 21
12 years 5
13 years
14 years
15 years 4 338
6. How often do you buy Sala set?
Once a year 3
Once every 2 years 9
once every 3 years 9
once every 4 years 29
once every 5 years 88
others
When needed 1
6 years 15
7 years 25
8 years 22
9 years 18
10 years 55
11 years 15
12 years 27
13 years 1
14 years
15 years 1 318
7. How often do you buy Bed?
Once a year 3
Once every 2 years 10
once every 3 years 13
once every 4 years 37
once every 5 years 109
others
When needed 1
6 years 22
7 years 22
8 years 29
9 years 20
10 years 50
11 years 17
12 years 6
13 years 1
14 years
15 years 2 342
8. How often do you buy Cabinet?
Once a year 5
Once every 2 years 10
once every 3 years 14
once every 4 years 29
once every 5 years 103
others
6 years 19
7 years 30
8 years 19
9 years 20
10 years 49
11 years 14
12 years 17
13 years
14 years 2
15 years 5 336
9. How often do you buy Coffee Table?
Once a year
Once every 2 years 2
once every 3 years 1
once every 4 years 11
once every 5 years 86
others
6 years 15
7 years 14
8 years 14
9 years 11
10 years 27
11 years 7
12 years 7
13 years
14 years
15 years 5 200
10. What are your criteria/ qualifications when buying furniture?(You can choo
Price 286
Quality 310
Usefulness 181
Design/ Style 264
Durability 246 1287
11. Aside from the said qualification above, which
service/s do you need from the seller or dealer?
(You can choose more than one)
Free delivery 309
Warranty 213
Good customer service 274
Duration 204 1000
12. Have you heard about space saving furniture?
Yes 324
No 28 352
13. If we are going to establish a Build it better furniture shop that offers
Yes 351
No 1 352
14. What kinds of furniture are you going to buy? (You can choose more than on
Space Saving Dining Set 119
Space Saving Sala Set 147
Space Saving Bed 137
Space Saving Cabinet 115
Space Saving Coffee Table 135 653
15. When do you consider to buy space saving dining set?
Next year 22
After 2 years 15
After 3 years 17
After 4 years 28
After 5 years 36
others
After 6 years 1 119
16. When do you consider to buy space saving sala set?
Next year 30
After 2 years 23
After 3 years 17
After 4 years 26
After 5 years 51
others
After 6 years 147
17. When do you consider to buy space saving bed?
Next year 24
After 2 years 20
After 3 years 24
After 4 years 20
after 5 years 49
others
After 6 years 137
18. When do you consider to buy space saving cabinet?
Next year 23
After 2 years 13
After 3 years 13
After 4 years 29
after 5 years 37
others
After 6 years 115
19. When do you consider to buy space saving coffee table?
Next year 23
After 2 years 19
After 3 years 16
After 4 years 28
after 5 years 49
others
After 6 years 135
20. How much are you willing to pay for a 2-in-1 furniture?
Space Saving Sala Set
Below 25,000 101
25,001 - 26,000 35
26,001 - 27,000 6
27,001 - 28,000 1
28,001 - 29,000 3 146
Space saving Coffee table
Below 18,000 92
18,001 - 19,000 33
19,001 - 20,000 8
20,001 - 21,000 1
21,001 - 22,000 1 135
Space saving cabinet
Below 27,000 84
27,001 - 28,000 23
28,001 - 29,000 2
29,001 - 30,000 4
30,001 - 31,000 2 115
Space saving dining table
Below 21,000 98
21,001 - 22,000 15
22,001 - 23,000 6
23,001 - 24,000
24,001 - 25,000 1 120
Space saving bed
Single
Below 19,000 76
19,001 - 20,000 39
20,001 - 21,000 5
21,001 - 22,000 1
22,001 - 23,000 5 126
Twin Size
Below 20,000 40
20,001 - 21,000 23
21,001 - 22,000 7
22,001 - 23,000 2
23,001 - 24,000 6 78
 Percentage

38.89%
61.11%

43.06%
56.94%

71.11%
15.28%
12.50%
1.11%

20.28%
12.78% 66.94%
32.50% 66.94%
26.67%
5.83%
1.94%
?(You may choose more than one)
20.57%
21.73%
12.94%
22.70%
22.06%
0.00%

23.33%
40.00%
11.94%

0.28%
8.06%
5.00%
6.11%
2.50%
2.50%
0.28%
made of wood?
97.78%
2.22%

18.37%
21.14%
16.98%
17.16%
25.82%

0.35%
0.17%

0.89%
1.78%
2.96%
8.28%
32.54%

7.99%
5.62%
5.62%
8.28%
17.16%
6.21%
1.48%
0.00%
0.00%
1.18%

0.94%
2.83%
2.83%
9.12%
27.67%

0.31%
4.72%
7.86%
6.92%
5.66%
17.30%
4.72%
8.49%
0.31%
0.00%
0.31%
 0.88%
2.92%
3.80%
10.82%
31.87%

0.29%
6.43%
6.43%
8.48%
5.85%
14.62%
4.97%
1.75%
0.29%
0.00%
0.58%

1.49%
2.98%
4.17%
8.63%
30.65%

5.65%
8.93%
5.65%
5.95%
14.58%
4.17%
5.06%
0.00%
0.60%
1.49%

0.00%
1.00%
0.50%
5.50%
43.00%

7.50%
7.00%
 7.00%
5.50%
13.50%
3.50%
3.50%
0.00%
0.00%
2.50%
re?(You can choose more than one)
22.22%
24.09%
14.06%
20.51%
19.11%

30.90%
21.30%
27.40%
20.40%

92.05%
7.95%
hop that offers a space saving home furniture that is free delivery within Cabanatuan
99.72%
0.28%
ose more than one)
18.22%
22.51%
20.98%
17.61%
20.67%

18.49%
12.61%
14.29%
23.53%
30.25%

0.84%

20.41%
15.65%
11.56%
17.69%
34.69%

0.00%

17.52%
14.60%
17.52%
14.60%
35.77%

0.00%

20.00%
11.30%
11.30%
25.22%
32.17%

0.00%

17.04%
14.07%
11.85%
20.74%
36.30%

0.00%

69.18%
23.97%
4.11%
0.68%
2.05%

68.15%
24.44%
5.93%
0.74%
0.74%
73.04%
20.00%
1.74%
3.48%
1.74%

81.67%
12.50%
5.00%
0.00%
0.83%

60.32%
30.95%
3.97%
0.79%
3.97%

51.28%
29.49%
8.97%
2.56%
7.69%
within Cabanatuan City, will you be one of our customer?(If No, please stop)
please stop)
 Tally (Competitors)

1.What is the form of your business organization? C1 C6 C5 C4

Sole Proprietorship 1 1 1 1
Partnership
Corporation

2.How many employees do you have?

2 1
3 1 1
4
5 1
6

3.What are the criteria in hiring your employees?

Personality
Educational Attainment
Skills 1 1
Overall Experience 1
Work Experience 1 1 1
Others, Please specify:
4.How do you promote your business?
Advertisement
Flyers/Leaflets
Poster
Others, Please specify:
Facebook Page 1
None 1 1 1
5.Do you give discounts to your customers? What kind of discount?
Cash Discounts 1 1 1 1

6.What is the average number of customers per day?

One (1) 1 1
Two (2)
Three(3) 1
Four (4)
Ten (10)
Fifteen (15) 1

Page 22
 Tally (Competitors)

Twenty (20)

7. How many customers buy the following products per week?

Coffee table 2 2
Dining set 1 5 7
Bed 3 5 7
Sala set 1 5 7
Cabinet 3 7
8. Which of your furniture have the highest demand/sales?
Coffee table 1
Dining set 1
Bed 1
Sala set 1
Cabinet 1
Doors 1
Duyan 1
Rocking Chair 1
Baby Crib 1
Folding Table 1
9. Where do you get the furniture that you sell in your business?
Local market
Own manufacturing 1 1
Abroad
Others, please specify:
Supplier 1 1

10. How often do you order your supplies?

Daily
Weekly 1 1
Monthly
Others, please specify:
Twice a month 1 1

11. How often do you manufacture your supplies?

Daily
Weekly
Monthly
Others, please specify:
None 1 1 1 1

Page 23
 Tally (Competitors)

12. How do you pay your supplies?

Cash 1 1 1
Credit
Others, please specify:
Checks 1
13. How many days in a week does the business operate?
5 days
6 days
7 days 1 1 1 1

14. How many hours a day does the business operate?

7 hours
8 hours 1
9 hours 1 1
24 hours 1

15. How much is your beginning/initial capital?

Php. 50,000 1 1
Php. 80,000 1
Php 100,000
Php. 150,000
Php 1,000,000 1

16. What is the source of your capital?

Personal Investment 1 1 1 1
Family

17. What is the mode of payment use in wages/salary of employees?

Daily 1
Weekly 1 1
Twice a Month
Monthly 1
Per unit
18. How much is your monthly expenses?
Php. 12,000 1
Php. 15,000 1
Php 20,000 1
Php 25,000

Page 24
 Tally (Competitors)

Php. 30,000
Php. 50,000 1

19. How much is your daily gross sales?

Php. 10,000 1
Php. 12,000
Php. 15,000 1 1
Confidential 1

20. What are the Peak and Lean months of your business?
Peak months:
January 1 1
February 1 1
March 1
April 1
May 1
June
July
August
September 1 1
October 1 1
November 1 1
December 1 1 1 1
Lean months:
January
February
March
April
May 1
June 1 1
July 1 1
August 1 1 1 1
September 1 1
October 1
November
December
21. What are the benefits given to your employees?
SSS

Page 25
 Tally (Competitors)

GSIS
PhilHealth
Pag-Ibig
Others, please specify;
None 1 1 1 1
22. What problems have you encountered during the operation of your business?
Delay in production
Customer Related Problems 1
Arrogant attitude of some customers
Lack of employee
Stocks
Low Sales 1 1
Money 1
Compete with other furniture shops

23. How did you resolve the problem?

Page 26
 Tally (Competitors)

C3 C2 C7 C8 C9 C10 TOTAL PERCENTAGE

1 1 1 1 1 1 10 100.00%

0 10 0.00%

1 2 20.00%
1 3 30.00%
1 1 2 20.00%
1 2 20.00%
1 1 10.00%
0 0.00%
0 10 0.00%

0 0.00%
0 0.00%
1 1 1 1 1 7 53.85%
1 7.69%
1 1 5 13 38.46%

0 0.00%
0 0.00%
0 0.00%
0 0.00%
1 2 20.00%
1 1 1 1 1 8 10 80.00%

1 1 1 1 1 1 10 100.00%
0 0.00%
0 0.00%
0 0.00%
0 10 0.00%

2 20.00%
1 1 1 3 30.00%
1 1 3 30.00%
1 1 10.00%
0 0.00%
1 10.00%

Page 27
 Tally (Competitors)

0 0.00%
0 10 0.00%

2 2 2 10 10.31%
4 1 1 1 2 22 22.68%
3 2 1 4 2 27 97 27.84%
3 1 1 4 22 22.68%
2 2 2 16 16.49%

1 6.25%
1 2 12.50%
1 6.25%
1 1 3 18.75%
1 6.25%
1 1 1 4 25.00%
1 16 6.25%
1 6.25%
1 6.25%
1 6.25%

0 0.00%
1 1 1 1 1 7 70.00%
0 0.00%
0 0.00%
1 3 30.00%
0 10 0.00%

0 0.00%
1 1 1 1 1 7 10 70.00%
1 1 10.00%
0 0.00%
2 20.00%

1 1 10.00%
1 1 1 1 4 40.00%
0 0.00%
0 0.00%
1 5 50.00%

Page 28
 Tally (Competitors)

0 10 0.00%

1 1 1 1 1 1 9 90.00%
0 0.00%
0 10 0.00%
1 10.00%

0 0.00%
1 1 1 1 4 40.00%
1 1 6 60.00%
0 10 0.00%

0 0.00%
1 1 1 1 1 6 60.00%
1 3 30.00%
1 10.00%
0 10 0.00%

1 1 1 5 50.00%
1 10.00%
1 1 10.00%
1 1 2 20.00%
1 10.00%
0 0.00%
0 10 0.00%

1 5 50.00%
1 1 1 1 1 5 50.00%
0 10 0.00%

1 2 20.00%
1 1 1 5 50.00%
0 10 0.00%
1 10.00%
1 1 2 20.00%

1 10.00%
1 1 1 4 40.00%
1 10.00%
1 1 10 10.00%

Page 29
 Tally (Competitors)

1 1 2 20.00%
1 10.00%

1 2 20.00%
1 1 2 20.00%
1 3 30.00%
1 1 3 30.00%
0 0.00%
0 0.00%
0 10 0.00%

2 5.71%
2 35 5.71%
1 2.86%
1 2.86%
1 2 5.71%
0 0.00%
0 0.00%
0 0.00%
1 1 1 1 6 17.14%
1 1 1 1 6 17.14%
1 1 1 1 6 17.14%
1 1 1 1 1 9 25.71%

0 0.00%
0 0.00%
1 1 3.13%
1 1 3.13%
1 1 1 1 5 15.63%
1 1 1 1 6 18.75%
1 1 1 1 6 18.75%
1 1 1 1 1 9 28.13%
2 6.25%
1 3.13%
0 0.00%
1 1 32 3.13%

1 1 9.09%

Page 30
 Tally (Competitors)

0 0.00%
1 1 2 18.18%
0 0.00%
0 0.00%
1 1 1 1 8 11 72.73%

1 1
1 10.00%
0 0.00%
0 0.00%
0 0.00%
1 1 1 5 50.00%
1 10.00%
1 1 2 20.00%
0 0.00%
0 0.00%
0 10 0.00%

Page 31
 Tally (Competitors)

Furniture Supplier 1 Supplier 2 Supplier 3 Supplier 4Supplier 5

Dining Set 1 1/ month 4 7 5
Sala Set 1 1/ month 3 7 5
Coffee Table 1/ month 2 2 2
Cabinet 1/ month 2 7 3
Bed 1/ month 3 7 5

Page 32
 Tally (Competitors)

1/ month for
Total 2 each product 14 30 20

104 60 728 1560 1040

104 1*12
12 60 728

Page 33
 Tally (Competitors)

Supplier 6 Supplier 7 Supplier 8 Supplier 9 Supplier 10

1 1 2 2
1 1 4/month 2
2 2 2
2 2 1
3 2 1 4/month 2

Page 34
 Tally (Competitors)

2/week &
4/month each
for the 2
3 8 7 products 9

156 416 364 200 468 5096

Page 35
Dining set Competitor 1 Competitor 2 Competitor 3 Competitor 4 Competitor 5 Competitor 6

Year 1 52 12 208 364 260 -

Year 2 55 13 222 388 277 -
Year 3 59 14 237 414 296 -
Year 4 63 15 252 441 315 -
Year 5 67 16 269 471 336 -

Sala Set Competitor 1 Competitor 2 Competitor 3 Competitor 4 Competitor 5 Competitor 6

Year 1 52 12 156 364 260 -

Year 2 55 13 166 388 277 -
Year 3 59 14 177 414 296 -
Year 4 63 15 189 441 315 -
Year 5 67 16 202 471 336 -

Bed Competitor 1 Competitor 2 Competitor 3 Competitor 4 Competitor 5 Competitor 6

Year 1 - 12 156 364 260 156

Year 2 - 13 166 388 277 166
Year 3 - 14 177 414 296 177
Year 4 - 15 189 441 315 189
Year 5 - 16 202 471 336 202

Cabinet Competitor 1 Competitor 2 Competitor 3 Competitor 4 Competitor 5 Competitor 6

Year 1 - 12 104 364 156 -

Year 2 - 13 111 388 166 -
Year 3 - 14 118 414 177 -
Year 4 - 15 126 441 189 -
Year 5 - 16 134 471 202 -
Coffee Table Competitor 1 Competitor 2 Competitor 3 Competitor 4 Competitor 5 Competitor 6

Year 1 - 12 104 104 104 -

Year 2 - 13 111 111 111 -
Year 3 - 14 118 118 118 -
Year 4 - 15 126 126 126 -
Year 5 - 16 134 134 134 -

104 60 728 1,560 1,040 156

Supply Forecast
2020 5,096
2021 5,434
2022 5,795
2023 6,180
2024 6,590
Competitor 7 Competitor 8 Competitor 9 Competitor 10 Total Annual Supply for Dining Set

52 52 104 104 1,208

55 55 111 111 1,288
59 59 118 118 1,374
63 63 126 126 1,465
67 67 134 134 1,562

Competitor 7 Competitor 8 Competitor 9 Competitor 10 Total Annual Supply for Sala Set

52 52 48 104 1,100
55 55 51 111 1,173
59 59 55 118 1,251
63 63 58 126 1,334
67 67 62 134 1,423

Competitor 7 Competitor 8 Competitor 9 Competitor 10 Total Annual Supply for Bed

104 52 48 104 1,256

111 55 51 111 1,339
118 59 55 118 1,428
126 63 58 126 1,523
134 67 62 134 1,624

Competitor 7 Competitor 8 Competitor 9 Competitor 10 Total Annual Supply for Cabinet

104 104 - 52 896

111 111 - 55 955
118 118 - 59 1,019
126 126 - 63 1,087
134 134 - 67 1,159
Competitor 7 Competitor 8 Competitor 9 Competitor 10 Total Annual Supply for Coffee Table

104 104 - 104 636

111 111 - 111 678
118 118 - 118 723
126 126 - 126 771
134 134 - 134 823

416 364 200 468 5,096

 Space Saving Dining Set
Market Share Market Share
Annual Demand Annual Supply % Value
2020 2,282 1,208 2% 47
2021 1,371 1,288 4% 50
2022 1,809 1,374 3% 54
2023 3,096 1,465 2% 58
2024 3,892 1,562 2% 61

Space Saving Sala Set

Market Share Market Share
53.4223 Annual Demand Annual Supply % Value
2020 3,112 1,100 1% 31
2021 2,057 1,173 2% 34
2022 1,767 1,251 2% 36
2023 2,958 1,334 1% 38
2024 5,815 1,423 1% 41

Space Saving Bed

Market Share Market Share
Annual Demand Annual Supply % Value
2020 2,489 1,256 2% 47
2021 1,849 1,339 3% 51
2022 2,507 1,428 2% 54
2023 2,150 1,523 3% 57
2024 5,804 1,624 1% 61

Space Saving Cabinet

Market Share Market Share
Annual Demand Annual Supply % Value
2020 2,386 896 1% 23
2021 1,168 955 2% 25
2022 1,401 1,019 2% 27
2023 3,294 1,087 1% 29
2024 3,903 1,159 1% 31
 Space Saving Coffee Table
Market Share Market Share
Annual Demand Annual Supply % Value
2020 2,386 636 3% 70
2021 1,766 678 4% 76
2022 1,678 723 5% 81
2023 3,174 771 3% 86
2024 5,421 823 2% 92
 218
4.3333333333

6%

5.8333333333

3%

0.92

2.58
 6%

6.3333333333
53.5
160.5
 Costing and Pricing of Products

Space Saving Dining Set

Materials Cost
100 board feet wood Php6,000.00
1/2 kilo nails Php30.00
1 liter epoxy Php130.00
1 liter shuretite Php80.00
1 1/2 gallons of Varnish Php600.00
8 pcs. Stainless hinges Php1,800.00
2 pcs. Concealed Hinges Php236.00
4 pcs. Ball Caster Php352.00

Direct Materials Php9,228.00

Total Cost Php14,783.35

₱6,215.65

Carpenter
Minimum Wage 380.00
Operating days in one month 24
Operating hours in one day 8
Number of worker 4
Rate per hour 48 47.50

Furniture production per month time

Coffee table 6 144
Dining Set 4 96
Cabinet 2 96
Sala 3 120

Page 44
 Costing and Pricing of Products

Bed single 3 72
Bed twin 1 24
Total 19 552

192 768
25388 total overhead

Coffee Table 6623 6623

Dining Set 4415 4415
Cabinet 4415 4415
Sala Set 5519 5519
Bed - single 3312 3312
Bed- twin 1104 1104
25388 25388

Band saw blade 5200 annually

sand paper 2000 7200
tools and equipment 2981
machinery and equipment 4824 7805

Page 45
 Costing and Pricing of Products

Space Saving Sala Set

Materials Cost
110 board feet wood Php6,600.00
1/2 kilo nails Php30.00
1 liter epoxy Php130.00
1 liter shuretite Php80.00
1 1/2 gallon of Varnish Php600.00
Upholstery Foam (Single 36x75) Php2,000.00
4 pcs. Drawer Guide Php480.00

Direct Materials Php9,920.00

Direct Labor (Php48/hr.) Php1,900.00
Total Cost Php17,339.19

₱7,659.81

67.79

hours in 70% days in 70% hrs of production per month

94 12 24
62 8 24
62 8 48
78 10 40
Page 46
 Costing and Pricing of Products

47 6 24
16 2 24
359 45

538
67

6250
18750 225000
6250 75000
300000

monthly
600

650

634.0833333333

Page 47
 Costing and Pricing of Products

Space Saving Coffee Table

Materials Cost
60 board feet wood Php3,600.00
½ kilo nails Php30.00
½ liter epoxy Php65.00
1 liter shuretite Php80.00
1 gallons of Varnish Php400.00
5 pcs. Stainless Hinges Php1,125.00
5 pcs. Ball Caster Php440.00

Direct Materials Php5,740.00

Direct Labor (Php48/hr.) Php1,140.00
Total Cost Php13,503.03

₱4,495.97

hrs of production per month

Page 48
 Costing and Pricing of Products

300000 225000
75000
6250

Page 49
 Costing and Pricing of Products

Space Saving Cabinet

Materials Cost
150 board feet wood Php9,000.00
1/4 kilo nails Php60.00
1 liter epoxy Php130.00
1 liter shuretite Php80.00
2 gallons of Varnish Php800.00
1 pc. Chrome Pipe (36 inches) Php92.00

Direct Materials Php10,162.00

Direct Labor (Php48/hr.) Php2,280.00
Factory Overhead Php4,415.35
Total Cost Php16,857.35

₱10,141.65

Page 50
 Costing and Pricing of Products

Space Saving Bed- Single Size

Materials Cost
120 board feet wood Php7,200.00
1/2 kilo nails Php30.00
1 liter epoxy Php130.00
1 liter shuretite Php80.00
1 1/2 gallons of Varnish Php600.00
4 pcs. Ball Caster Php352.00

Direct Materials Php8,392.00

Direct Labor (Php48/hr.) Php1,140.00
Factory Overhead Php3,311.51
Total Cost Php12,843.51

₱6,155.49

Page 51
 Costing and Pricing of Products

Space Saving Bed- Twin Size

Materials Cost
130 board feet wood Php7,800.00
1 kilo nails Php60.00
1 liter epoxy Php130.00
1 liter shuretite Php80.00
2 gallons of Varnish Php800.00
4 pcs. Ball Caster Php352.00

Direct Materials Php9,222.00

Direct Labor (Php48/hr.) Php1,140.00
Factory Overhead Php1,103.84
Total Cost Php11,465.84

₱8,533.16

Page 52
 Costing and Pricing of Products

₱8,533.16

Page 53
January per month time February per month
Coffee table 9 216 Coffee table 9
Dining Set 6 144 Dining Set 6
Cabinet 3 144 Cabinet 3
Sala 4 160 Sala 4
Bed single 4 96 Bed single 4
Bed twin 2 48 Bed twin 2
28 808 28

July August per month

Coffee table 9 216 Coffee table 9
Dining Set 6 144 Dining Set 6
Cabinet 3 144 Cabinet 3
Sala 4 160 Sala 4
Bed single 4 96 Bed single 4
Bed twin 2 48 Bed twin 2
28 808 28
March per month April per month
Coffee table 9 216 Coffee table 9 216
Dining Set 6 144 Dining Set 6 144
Cabinet 3 144 Cabinet 3 144
Sala 4 160 Sala 4 160
Bed single 4 96 Bed single 4 96
Bed twin 2 48 Bed twin 2 48
28 808 28 808

September per month October per month

Coffee table 9 216 Coffee table 9 216
Dining Set 6 144 Dining Set 6 144
Cabinet 3 144 Cabinet 3 144
Sala 4 160 Sala 4 160
Bed single 4 96 Bed single 4 96
Bed twin 2 48 Bed twin 2 48
28 808 28 808
May per month June per month
Coffee table 9 216 Coffee table 9 216
Dining Set 6 144 Dining Set 6 144
Cabinet 3 144 Cabinet 3 144
Sala 4 160 Sala 4 160
Bed single 4 96 Bed single 4 96
Bed twin 2 48 Bed twin 2 48
28 808 28 808

November per month December per month

Coffee table 9 216 Coffee table 9 216
Dining Set 6 144 Dining Set 6 144
Cabinet 3 144 Cabinet 3 144
Sala 4 160 Sala 4 160
Bed single 4 96 Bed single 4 96
Bed twin 2 48 Bed twin 2 48
28 808 28 808

108

108
72

36
48
 65% 70% 75% 80%
Annual Production Monthly Production Year 1 Year 2 Year 3 Year 4
Coffee table 108 9 70 6 76 81 86
Dining set 72 6 47 4 50 54 58
Cabinet 36 3 23 2 25 27 29
sala 48 4 31 3 34 36 38

Bed single 48 4 31 3 34 36 38
Bed twin 24 2 16 1 17 18 19
Total 336 28 218 19 236 252 268

5.8333333333
3.9166666667
1.9166666667
2.5833333333
1.3333333333
 85% *4% of the production will be the ending inventory
Year 5 Year 1 Year 2 Year 3 Year 4 Year 5
92 3 3 3 3 4
61 2 2 2 2 2
31 1 1 1 1 1
41 1 1 1 2 2

41 1 1 1 2 2
20 1 1 1 1 1
286
 Compensation & Benefit
SCHEDULE OF EMPLOYEE WAGES and OTHER BENEFITS(15th & 30th)
Position Number of Employees Basic Salary per Employee(15th
& 30th)
Carpenter 4 9,753
Driver 1 9,368
Driver's helper 1 9,112
Sales Person 1 9,112
Total 7

SCHEDULE OF 2% INCREASE IN EMPLOYEE WAGES

Position Number of Employees YEAR 1
Carpenter 4 9,753
Driver 1 9,368
Driver's helper 1 9,112
Sales Person 1 9,112
TOTAL (PHP) 7 PHP 37,345.00
TOTAL ANNUALLY 448,140.00

SCHEDULE OF EMPLOYER'S SHARE (SSS, PhilHealth, PAG-IBIG)

Position YEAR 1 YEAR 2
Carpenter 7,609.30 7,641.49
Driver 7,305.78 7,336.69
Driver's helper 7,023.43 7,293.49
Sales Person 7,023.43 7,293.49
TOTAL (PHP) 28,961.93 PHP 29,565.16

SCHEDULE OF EMPLOYER'S SHARE YEAR 1

Position SSS PhilHealth
Carpenter 400.00 134.11
Driver 380.00 128.81
Driver's helper 360.00 125.29
Sales Person 360.00 125.29
TOTAL (PHP) 1,500.00 PHP 513.49

SCHEDULE OF EMPLOYER'S SHARE YEAR 2

Position SSS PhilHealth
Carpenter 400.00 136.79
Driver 380.00 131.39
Driver's helper 380.00 127.79

Page 59
 Compensation & Benefit
Sales Person 380.00 127.79
TOTAL (PHP) 1,540.00 PHP 523.76

SCHEDULE OF EMPLOYER'S SHARE YEAR 3

Position SSS PhilHealth
Carpenter 400.00 139.53
Driver 380.00 134.02
Driver's helper 360.00 130.35
Sales Person 360.00 130.35
TOTAL (PHP) 1,500.00 PHP 534.24

SCHEDULE OF EMPLOYER'S SHARE YEAR 4

Position SSS PhilHealth
Carpenter 420.00 142.32
Driver 400.00 136.70
Driver's helper 360.00 132.95
Sales Person 360.00 132.95
TOTAL (PHP) 1,540.00 PHP 544.92

SCHEDULE OF EMPLOYER'S SHARE YEAR 5

Position SSS PhilHealth
Carpenter 420.00 145.16
Driver 400.00 139.43
Driver's helper 360.00 135.61
Sales Person 360.00 135.61
TOTAL (PHP) 1,540.00 PHP 555.82

Page 60
 Compensation & Benefit
THER BENEFITS(15th & 30th)
13th Month TOTAL GROSS ANNUAL PAY
9,753 468,160 477,913 380 384
9,368 112,420 121,788 365
9,112 109,340 118,452 355
9,112 109,340 118,452 355
37,345 PHP 799,260 PHP 836,605 16,213 1,351
138600 468,160 16,213 1351.1111
N EMPLOYEE WAGES
YEAR 2 YEAR 3 YEAR 4 Year 5
138600
9,948 10,147 10,350 10,557
9,556 9,747 9,942 10,141
9,294 9,480 9,669 9,863
9,294 9,480 9,669 9,863
PHP 38,091.90 PHP 38,853.74 PHP 39,630.81 PHP 40,423.43 138612
457,102.80 466,244.86 475,569.75 485,081.15

SSS, PhilHealth, PAG-IBIG)

YEAR 3 YEAR 4 YEAR 5
7,674.32 7,947.80 7,981.96 138600
7,368.22 7,640.39 7,673.20 117036
7,084.16 7,115.45 7,147.36 9753
7,084.16 7,115.45 7,147.36 375.1153846154
PHP 29,210.87 PHP 29,819.08 PHP 29,949.87 46.8894230769

S SHARE YEAR 1
PAG-IBIG Total Mo. Er Annual Er
100.00 634.11 7,609.30 9120
100.00 608.81 7,305.78 8760
100.00 585.29 7,023.43 8520
100.00 585.29 7,023.43 8520
PHP 400.00 PHP 2,413.49 PHP 28,961.93

S SHARE YEAR 2
PAG-IBIG Total Mo. Er Annual Er
100.00 636.79 7,641.49 9302
100.00 611.39 7,336.69 8935
100.00 607.79 7,293.49 8690

Page 61
 Compensation & Benefit
100.00 607.79 7,293.49 8690
PHP 400.00 PHP 2,463.76 PHP 29,565.16

S SHARE YEAR 3
PAG-IBIG Total Mo. Er Annual Er
100.00 639.53 7,674.32 9488
100.00 614.02 7,368.22 9114
100.00 590.35 7,084.16 8864
100.00 590.35 7,084.16 8864
PHP 400.00 PHP 2,434.24 PHP 29,210.87

S SHARE YEAR 4
PAG-IBIG Total Mo. Er Annual Er
100.00 662.32 7,947.80 9678
100.00 636.70 7,640.39 9296
100.00 592.95 7,115.45 9041
100.00 592.95 7,115.45 9041
PHP 400.00 PHP 2,484.92 PHP 29,819.08

S SHARE YEAR 5
PAG-IBIG Total Mo. Er Annual Er
100.00 665.16 7,981.96 9872
100.00 639.43 7,673.20 9482
100.00 595.61 7,147.36 9222
100.00 595.61 7,147.36 9222
PHP 400.00 PHP 2,495.82 PHP 29,949.87

Page 62
 Compensation & Benefit

1536 179,613
14968
14784 117040
384
118272

138600

11550

PHP 66,605
PHP 133,210

179,613
179,613 14968
14968 179,613
14967.777778

Page 63
Year Product Normal Production Annual Sale Sales Price per unit
Furniture:
Cabinet 22 22 Php26,999.00
Sala set 30 30 Php24,999.00
Bed - Single 27 27 Php18,999.00
2020
Bed - Twin 18 18 Php19,999.00
Dining table 45 45 Php20,999.00
Coffee table 67 67 Php17,999.00
209 209
Furniture:
Cabinet 24 24 Php27,538.98
Sala set 33 33 Php25,498.98
Bed - Single 30 30 Php19,378.98
2021
Bed - Twin 19 19 Php20,398.98
Dining table 48 48 Php21,418.98
Coffee table 73 73 Php18,358.98
227 227
Furniture:
Cabinet 26 26 Php28,089.76
Sala set 35 35 Php26,008.96
Bed - Single 31 31 Php19,766.56
2022
Bed - Twin 21 21 Php20,806.96
Dining table 52 52 Php21,847.36
Coffee table 78 78 Php18,726.16
243 243
Furniture:
Cabinet 28 28 Php28,651.55
Sala set 36 36 Php26,529.14
Bed - Single 32 32 Php20,161.89
2023
Bed - Twin 22 22 Php21,223.10
Dining table 56 56 Php22,284.31
Coffee table 83 83 Php19,100.68
257 257
Furniture:
Cabinet 30 30 Php29,224.59
Sala set 39 39 Php27,059.72
Bed - Single 35 35 Php20,565.13
2024
Bed - Twin 23 23 Php21,647.56
Dining table 59 59 Php22,729.99
Coffee table 88 88 Php19,482.70
274 274
Sales Product
Furniture:
593,978 Cabinet
749,970 Sofa set
512,973 Dining table
359,982 Coffee table
944,955 Bed- single size
1,205,933 18.8 Bed- twin size
4,367,791 209 39
26
660,936 65
841,466
581,369
387,581
1,028,111 20.4 42
1,340,206 28
4,839,668 70

730,334
910,314
612,763
436,946 45
1,136,063 21.6 30
1,460,640 75
5,287,060

802,244
955,049
645,181 48
466,908 32
1,247,921 80
1,585,357 22.8
5,702,659

876,738
1,055,329
719,780
497,894 51
1,341,070 24.4 34
1,714,477 85
6,205,287
Cost per Product Selling Price per Product Mark- Up

Php18,263.77 ₱26,999.00 47.83%

Php18,288.63 ₱24,999.00 36.69%
Php15,219.47 ₱20,999.00 37.97%
Php14,642.36 ₱17,999.00 22.92%
Php12,442.88 ₱18,999.00 52.69%
Php13,272.88 ₱19,999.00 50.68%
 Expenses

Supp

Pencil (box)
Ballpen (box)
Short Bond Paper (ream)
Long Bond Paper (ream)
Daily Time Record
Calculator
Stapler & Staple Wire
Printer's Ink
Floor Mop
Broom
Dust Pan
Tissue (12 pcs/pack)
Hand Soap
Pail and Dipper
Band saw blade
Sand Paper
Fire Extinguisher
Total

Rent Expense

Rent Expense
Total

Advertising Expense

Flyers
Tarpaulins
Posters
Total

Promotional Expense
Page 67
 Expenses

1st year Grand Opening and subsequent Anniversary Promo

Total

Utilities Expense

Electricity
Water
Gasoline
Telecommunications
Total

Overhead
Band Saw

Wood Router

Wood Planer
Panel Saw

Sander
Power Drill

Circular Saw

Drill Press

Electric Paint Air Compressor

Desktop
Printer
Telephone
Lights

Page 68
 Expenses

Split Type Airconditioner

TOTAL

Pre-operating expenses
Department of Trade and Industry
BIR - Business Tax (Service Type)
Brgy. Clearance
TOTAL

Permits and Licences Fees

City Mayor's Permit & Fee on Business
Permit Fee on Occupation of Calling
Permit Fee for Billboards, Signs, Signboards and Advertisements
Garbage Collection Fee
Sanitary Permit Fee
Health Permit Fee
Sanitary Inspection Fee
Annual Inspection Fee (80%) - Local Government Unit
Annual Inspection Fee (20%) – Office of the Building Official
Signboard/Billboard Fee
Zoning Fee
Fire Safety Fee
TOTAL

Page 69
 Expenses

Supplies Expense
Annually
Quantity Unit Cost
2 PHP 85
2 PHP 50
2 PHP 250
2 PHP 300
1 PHP 50
1 PHP 300
2 PHP 100
1 PHP 1,000
2 PHP 150
2 PHP 200
2 PHP 50
1 PHP 100
2 PHP 90
1 PHP 50
2 PHP 2,600
100 PHP 20
3 PHP 1,800

se
Monthly Annually
25,000
PHP 25,000 PHP 300,000

Annually
1,000
3,000
1,500 9450
PHP 5,500

Page 70
 Expenses
Annually

PHP 10,000

PHP 10,000

ense
Monthly Annually
7,883 94,601.66
1,000 12,000.00
2,500 30,000.00
1,300 15,600.00
PHP 12,683 PHP 152,202

Electricity Consumption
KWH/MO Quantity

29 1

22 1

45 1
30 1
25 1

30 1

1
25
43 1

1
24
28 1
22 1
37 1
5.24 10

Page 71
 Expenses

529 1

Php530.00
Php500.00
Php1,500.00
Php2,530.00

Php1,000.00 ₱1,150.17
Php1,000.00
Php150.00
Php315.00
Php300.00
Php500.00
Php100.00
Php668.80
Php167.20
Php60.00
Php50.00
Php60.00
Php4,371.00
Php6,901.00

Page 72
 Expenses

nnually
Total Cost
PHP 170
PHP 100
PHP 500
PHP 600
PHP 50
PHP 300
PHP 200
PHP 1,000 5600
PHP 300
PHP 400
PHP 100
PHP 100
PHP 180
PHP 50
PHP 5,200
PHP 2,000
PHP 5,400
PHP 16,650 PHP 2,775.00

5500

Page 73
 Expenses
10000

15503

Total KWH/MO Rate Total Cost

29 8.3742 242.85

22 8.3742 184.23

45 8.3742 376.84
30 8.3742 251.23
25 8.3742 209.36
30 8.3742 251.23

25 8.3742 209.36

43 8.3742 360.09

24 8.3742 200.98

28 8.3742 234.48
22 8.3742 184.23
37 8.3742 309.85
52.4 8.3742 438.81

Page 74
 Expenses

529 8.3742 4429.95

Php7,883.47

2530

4371

Page 75
 Expenses

2724.96

2286.16 27434

2724.96 32700

2286.16 27434

2724.96 32699.576

Page 76
 Production Schedule per year

Annual Normal Capacity in Hours

No. of days in one year 360
Rest day (Sunday) 52
No. of operating days 308
Hours of operation 8
Annual Normal Capacity 2464 65%
Total Annual Normal Cap 9856 6406
Total Annual Normal Cap 9856 6899
Total Annual Normal Cap 24640 17248

6406.4 2464
9856
24.647154472
Normal Capacity of Production

Hrs. to manufacture % Demand

Cabinet 48 18.37%
Sala set 40 21.14%
Bed (Single & Twin) 24 16.98%
Dining table 24 17.16%
Coffee table 24 25.82%
Total 160 99.48%
Normal Capacity of Production

Hrs. to manufacture % Demand

Cabinet 48 18.37%
Sala set 40 21.14%
Bed (Single & Twin) 24 16.98%
Dining table 24 17.16%
Coffee table 24 25.82%
Total 160 99.48%
Normal Capacity of Production

Hrs. to manufacture % Demand

Cabinet 48 18.37%
Sala set 40 21.14%
Bed (Single & Twin) 24 16.98%
Dining table 24 17.16%
Coffee table 24 25.82%
Total 160 99.48%
Normal Capacity of Production

Page 77
 Production Schedule per year

Hrs. to manufacture % Demand

Cabinet 48 18.37%
Sala set 40 21.14%
Bed (Single & Twin) 24 16.98%
Dining table 24 17.16%
Coffee table 24 25.82%
Total 160 99.48%

Normal Capacity of Production

Hrs. to manufacture % Demand

Cabinet 48 18.37%
Sala set 40 21.14%
Bed (Single & Twin) 24 16.98%
Dining table 24 17.16%
Coffee table 24 25.82%
Total 160 99.48%

Page 78
 Production Schedule per year

70% 75% 80% 85%

6899.2 7392 7885 8378
7885 8378

51 1183

ormal Capacity of Production (2020)

Annual Monthly
Allotted Hours Production Production Annual demand
1183 23 2 1,490
1362 31 3 2,012
1094 47 4 1,233
1105 47 4 1,074
1663 70 6 1,750
6406 218 18 7,558
ormal Capacity of Production (2021)
Annual Monthly
Allotted Hours Production Production Annual demand
1274 25 2 213
1466 34 3 884
1178 51 4 509
1190 50 4 83
1791 76 6 1,088
6899 236 20 2,777
ormal Capacity of Production (2022)
Annual Monthly
Allotted Hours Production Production Annual demand
1365 27 2 382
1571 36 3 516
1262 54 5 1,079
1275 54 5 435
1919 81 7 955
7392 252 21 3,367
ormal Capacity of Production (2023)

Page 79
 Production Schedule per year

Annual Monthly
Allotted Hours Production Production Annual demand
1456 29 2 2,208
1676 38 3 1,624
1346 57 5 626
1360 58 5 1,631
2047 86 7 2,403
7885 268 22 8,492

ormal Capacity of Production (2024)

Annual Monthly
Allotted Hours Production Production Annual demand
1547 31 3 2,744
1781 41 3 4,392
1430 61 5 4,179
1445 61 5 2,330
2175 92 8 4,598
8378 286 24 18,244

prod sched. 60% for singlw 40% twin **** 4

2
32.2308943089
9856
9856

Page 80
 Production Schedule per year

111

Monthly Demand Over(Under) Production 26%

124 -1,467 16%
168 -1,981
103 -1,186
89 -1,027
146 -1,680
630

Monthly Demand Over(Under) Production

18 -188
74 -850 1008
42 -458 2.25
7 -33
91 -1,012 24
231

Monthly Demand Over(Under) Production

32 -355 816
43 -480 140
90 -1,025 3.25
36 -381
80 -874
281

Page 81
 Production Schedule per year

Monthly Demand Over(Under) Production

184 -2,179
135 -1,586
52 -569
136 -1,573
200 -2,317
708

Monthly Demand Over(Under) Production

229 -2,713
366 -4,351
348 -4,118
194 -2,269
383 -4,506
1,520

Page 82
Production Schedule per year

135 7,036 -6,901

180 9,428 -9,248
270 7,627 -7,357
270 5,554 -5,284

Page 83
 Annual Cost per Product
COST OF DIRECT MATE
Annual Annual
Cost per Producti Producti
Furniture Furniture on 2020 on
Dining Set Php9,228.00 47 Php433,716 50
Sala Set Php9,920.00 31 Php307,520 34
Coffee table Php5,740.00 70 Php401,800 76
Cabinet Php10,162.00 23 Php233,726 25
Bed - Single Php8,392.00 28 Php236,654 31
Bed - Twin Php9,222.00 19 Php173,374 20
TOTAL Php52,664.00 218 Php1,786,790 236

COST OF FINISHED GO
Furniture Cost per Furniture 2020
Dining Set Php14,783.35 2 Php29,567 2
Sala Set Php17,339.19 1 Php17,339 1
Coffee table Php13,503.03 3 Php40,509 3
Cabinet Php16,857.35 1 Php16,857 1
Bed - Single Php12,843.51 1 Php12,844 1
Bed - Twin Php11,465.84 1 Php11,466 1
FG, ENDING Php86,792.27 Php128,582

COST OF RAW MATERIALS, ENDING

2020 2021 2022 2023
Ending Invento Php10,810.00 ### Php10,098.00 ###

COST OF DIRECT L
Annual Annual
Furniture Cost per Furniture Production 2020 Production
Dining Set Php1,140.00 47 Php53,580 50
Sala Set Php1,900.00 31 Php58,900 34
Coffee table Php1,140.00 70 Php79,800 76
Cabinet Php2,280.00 23 Php52,440 25
Bed - Single Php1,140.00 28 Php32,148 31
Bed - Twin Php1,140.00 19 Php21,432 20
Total Php8,740.00 218 Php298,300 236

COST OF FACTORY OV
Annual Annual
Furniture Cost per Furniture Production 2020 Production

Page 84
 Annual Cost per Product
Dining Set Php4,415.35 47 Php207,522 50
Sala Set Php5,519.19 31 Php171,095 34
Coffee table Php6,623.03 70 Php463,612 76
Cabinet Php4,415.35 23 Php101,553 25
Bed - Single Php3,311.51 28 Php93,385 31
Bed - Twin Php1,103.84 19 Php20,752 20
Total Php25,388.27 218 Php1,057,918 236

Page 85
 Annual Cost per Product
COST OF DIRECT MATERIALS USED
Annual Annual
Producti Product
2021 on 2022 ion 2023
Php461,400 54 Php498,312 58 Php535,224
Php337,280 36 Php357,120 38 Php376,960
Php436,240 81 Php464,940 86 Php493,640
Php254,050 27 Php274,374 29 Php294,698
Php260,152 32 Php268,544 34 Php285,328
Php184,440 22 Php202,884 23 Php212,106
Php1,933,562 252 Php2,066,174 268 Php2,197,956
21.6 23
COST OF FINISHED GOODS, ENDING
2021 2022 2023
Php29,567 2 ₱29,567 2 ₱29,567
Php17,339 1 ₱17,339 2 ₱34,678
Php40,509 3 ₱40,509 3 ₱40,509
Php16,857 1 ₱16,857 1 ₱16,857
Php12,844 1 ₱12,844 2 ₱25,687
Php11,466 1 ₱11,466 1 ₱11,466
Php128,582 ₱128,582 ₱158,764

2024
Php22,900.00

COST OF DIRECT LABOR

Annual Annual
2021 Production 2022 Production 2023
Php57,000 54 Php61,560 58 Php66,120
Php64,600 36 Php68,400 38 Php72,200
Php86,640 81 Php92,340 86 Php98,040
Php57,000 27 Php61,560 29 Php66,120
Php35,340 32 Php36,480 34 Php38,760
Php22,800 22 Php25,080 23 Php26,220
Php323,380 252 Php345,420 268 Php367,460

COST OF FACTORY OVERHEAD

Annual Annual
2021 Production 2022 Production 2023

Page 86
 Annual Cost per Product
Php225,183 54 Php243,198 58 Php261,212
Php191,405 36 Php202,665 38 Php213,924
Php513,417 81 Php547,194 86 Php580,972
Php112,591 27 Php121,599 29 Php130,606
Php104,710 32 Php108,088 34 Php114,843
Php22,518 22 Php24,770 23 Php25,896
Php1,169,825 252 Php1,247,513 268 Php1,327,453

Page 87
 Annual Cost per Product

Annual
Product
ion 2024
61 Php562,908
41 Php406,720
92 Php528,080 74.5
31 Php315,022
37 Php310,504 106.5
24 Php221,328 112.5
286 Php2,344,562
37

2024
2 ₱29,567
2 ₱34,678
4 ₱54,012 22.8
1 ₱16,857
2 ₱25,687 21.2
1 ₱11,466
₱172,267
20.4

18.8

Annual
Production 2024
61 Php69,540
41 Php77,900
92 Php104,880
31 Php70,680
37 Php42,180
24 Php27,360
286 Php392,540

Annual
Production 2024

Page 88
 Annual Cost per Product
61 Php274,723
41 Php230,812
92 Php621,505
31 Php139,613
37 Php124,977
24 Php27,022
286 Php1,418,652

Page 89
 Purchasing Report

2020
Items Qty Unit Cost Monthly Cost
Wood- board foot 1,500 Php60.00 Php90,000
Nails- kilo 15 Php60.00 Php900
Epoxy - Liter 20 Php130.00 Php2,600
Shuretite - Liter 20 Php80.00 Php1,600
Varnish -Gallon 30 Php400.00 Php12,000
Stainless hinges 60 Php225.00 Php13,500
Concealed Hinges 20 Php118.00 Php2,360
Ball Caster 40 Php88.00 Php3,520
Chrome Pipe 10 Php92.00 Php920
Upholstery Foam 10 Php2,000.00 Php20,000
Drawer Guide 20 Php120.00 Php2,400
Total Php149,800

Wood ( board feet) Monthly prod Nails ( kilo)

600 5 Dining Set 5.00

500 5 Sala Set 3.75

490 7 Coffee Table 3.50

680 4 Cabinet 2.00

360 3 Bed Single 1.50

260 2 Bed Twin 2.00

2,890 26 17.75

Epoxy ( liter) Monthly prod Shuretite(liter)

5 5 Dining Set 5.00

5 5 Sala Set 7.50

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 Purchasing Report

5 7 Coffee Table 7.00

4 4 Cabinet 4.00

3 3 Bed Single 3.00

2 2 Bed Twin 2.00

24 26 28.50

Varnish( Gallon) Monthly prod Stainless Hinges

7.50 5 Dining Set 40.00

7.50 5 Sala Set

8.75 7 Coffee Table 38.50

8.00 4 Cabinet
4.50 3 Bed Single
4.00 2 Bed Twin
40.25 26 78.50

Concealed Hinges Monthly prod Ball Caster

14.00 5 Dining Set 20.00
5 Sala Set
7 Coffee Table 35.00
4 Cabinet
3 Bed Single 15.00
2 Bed Twin 8.67
14.00 26 78.67

Page 91
 Purchasing Report

Chrome Pipe Monthly prod Upholstery Foam

5 Dining Set
5 Sala Set 10.00
7 Coffee Table
6.66 4 Cabinet

3 Bed Single
2 Bed Twin
6.66 26 10.00

Drawer Guide Monthly prod

5 Dining Set -
25.0 5 Sala Set 3,000.00
7 Coffee Table -
4 Cabinet -
3 Bed Single -
2 Bed Twin -
25.0 26 3,000.0

Page 92
 Purchasing Report

Annual Cost
Php1,080,000
Php10,800
Php31,200
Php19,200
Php144,000
Php162,000
Php28,320
Php42,240
Php11,040
Php240,000
Php28,800
Php1,797,600

Wood Anually Nails

36,000.00 432,000.00 75.00 900.00

30,000.00 360,000.00 56.25 675.00

29,400.00 352,800.00 52.50 630.00

40,800.00 489,600.00 30.00 360.00

21,600.00 259,200.00 22.50 270.00

15,600.00 187,200.00 30.00 360.00

173400 2,080,800.00 266.25 3,195.00

Epoxy Shurtite

650.00 7,800.00 400.00 4,800.00

650.00 7,800.00 600.00 7,200.00

Page 93
 Purchasing Report

682.50 8,190.00 560.00 6,720.00

520.00 6,240.00 320.00 3,840.00

390.00 4,680.00 240.00 2,880.00

260.00 3,120.00 160.00 1,920.00

3153 37,830.00 2,280.00 27,360.00

Varnish Stainless

3,000.00 36,000.00 9,000.00 108,000.00

3,000.00 36,000.00 - -

3,500.00 42,000.00 8,662.50 103,950.00

3,200.00 38,400.00 - -

1,800.00 21,600.00 - -

1,600.00 19,200.00 - -

16100 193,200.00 ### ###

Concealed Ball Caster

1,652.00 19,824.00 1,760.00 21,120.00

- - - -
- - 3,080.00 36,960.00
- - - -

- - 1,320.00 15,840.00
- - 762.78 9,153.41
1652 19,824.00 6,922.78 83,073.41

Page 94
 Purchasing Report

Chrome Pipe Foam

- - - -

- - 20,000.00 240,000.00
- - - -
612.72 7,352.64 - -

- - - -
- - - -
613 7353 20,000.00 240000

-
36,000.00
-
-
-
-
36000

Page 95
 Purchasing Report

2021
Items Qty Unit Cost Monthly Cost
Wood- board foot 1,900 Php60.00 Php114,000
Nails- kilo 20 Php60.00 Php1,200
Epoxy - Liter 20 Php130.00 Php2,600
Shuretite - Liter 20 Php80.00 Php1,600
Varnish -Gallon 20 Php400.00 Php8,000
Stainless hinges 30 Php225.00 Php6,750
Concealed Hinges 10 Php118.00 Php1,180
Ball Caster 40 Php88.00 Php3,520
Chrome Pipe 6 Php92.00 Php552
Upholstery Foam 10 ### Php20,000
Drawer Guide 12 Php120.00 Php1,440
Total Php160,842

Wood ( board feet) Monthly prod Nails ( kilo)

170 2 Dining Set 3.0

300 3 Sala Set 4.5

150 3 Coffee Tab 3.0

450 3 Cabinet 4.5

100 1 Bed Single 0.5

130 1 Bed Twin 0.5

1,300 13 16.00

Epoxy ( liter) Monthly prod Shuretite(liter)

2 2 Dining Set 2.00

3 3 Sala Set 3.00

Page 96
 Purchasing Report

3 3 Coffee Tab 3.00

3 3 Cabinet 3.00

1.5 1 Bed Single 1.50

1.5 1 Bed Twin 1.50

14 13 14.00

Varnish( Gallon) Monthly prod Stainless Hinges

2.50 2 Dining Set 19.00

3.00 3 Sala Set

3.75 3 Coffee Tab 21.00

3.75 3 Cabinet
1.00 1 Bed Single
2.00 1 Bed Twin
16.00 13 40.00

Concealed Hinges Monthly prod Ball Caster

7.00 2 Dining Set 16.00
3 Sala Set
3 Coffee Tab 18.00
3 Cabinet
1 Bed Single 5.00
1 Bed Twin 5.00
7.00 13 44.00

Page 97
 Purchasing Report

Chrome Pipe Monthly prod Upholstery Foam

2 Dining Set
3 Sala Set 5.00
3 Coffee Table
2.00 3 Cabinet

1 Bed Single
1 Bed Twin
2.00 13 5.00

Drawer Guide Monthly prod

2 Dining Set -
8.0 3 Sala Set 960.48
3 Coffee Tab -
3 Cabinet -
1 Bed Single -
1 Bed Twin -
8.0 13

Page 98
 Purchasing Report

Annual Cost
Php1,368,000
Php14,400
Php31,200
Php19,200
Php96,000
Php81,000
Php14,160
Php42,240
Php6,624
Php240,000
Php17,280
Php1,930,104

Wood Nails

10,200.00 122,400.00 180.00 2,160.00

18,000.00 216,000.00 270.00 3,240.00

9,000.00 108,000.00 180.00 2,160.00

27,000.00 324,000.00 270.00 3,240.00

6,000.00 72,000.00 30.00 360.00

7,800.00 93,600.00 30.00 360.00

78000 936000 960.00 ###

Epoxy Shurtite

260.00 3,120.00 160.00 1,920.00

390.00 4,680.00 240.00 2,880.00

Page 99
 Purchasing Report

390.00 4,680.00 240.00 2,880.00

390.00 4,680.00 240.00 2,880.00

195.00 2,340.00 120.00 1,440.00

195.00 2,340.00 120.00 1,440.00

1820 21840 1,120.00 13440

Varnish Stainless

1,000.00 4,275.00

1,200.00 -

1,500.00 4,725.00

1,500.00 -

400.00 -

800.00 -

Concealed Ball Caster

826.00 1,408.00
- -
- 1,584.00
- -

- 440.00
- 440.00

Page 100
 Purchasing Report

Chrome Pipe Foam

- -

- ###
- -
184.37 -

- -
- -

Page 101
 Purchasing Report

2022
Items Qty Unit Cost Monthly Cost
Wood- board foot 1,900 Php60.00 Php114,000
Nails- kilo 30 Php60.00 Php1,800
Epoxy - Liter 30 Php130.00 Php3,900
Shuretite - Liter 30 Php80.00 Php2,400
Varnish -Gallon 30 Php400.00 Php12,000
Stainless hinges 40 Php225.00 Php9,000
Concealed Hinges 25 Php118.00 Php2,950
Ball Caster 40 Php88.00 Php3,520
Chrome Pipe 10 Php92.00 Php920
Upholstery Foam 10 Php2,000.00 Php20,000
Drawer Guide 16 Php120.00 Php1,920
Total Php172,410

Wood ( board feetMonthly prod Nails ( kilo)

420 3 Dining Set 3.00

520 4 Sala Set 4.00

240 4 Coffee Table 4.00

450 3 Cabinet 3.00

240 2 Bed Single 1.00

130 1 Bed Twin 1.00

2,000 17 16.00

Epoxy ( liter) Monthly prod Shuretite(liter)

4 3 Dining Set 2.00

4 4 Sala Set 4.00

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 Purchasing Report

4 4 Coffee Table 4.00

3 3 Cabinet 3.00

2 2 Bed Single 2.00

1 1 Bed Twin 1.00

18 17 16.00

Varnish( Gallon) Monthly prod Stainless Hinges

3.00 3 Dining Set 15.00

4.00 4 Sala Set

4.00 4 Coffee Table 15.00

3.00 3 Cabinet
2.00 2 Bed Single
2.00 1 Bed Twin
18.00 17 30.00

Concealed HingesMonthly prod Ball Caster

8.00 3 Dining Set 6.00
4 Sala Set
4 Coffee Table 8.00
3 Cabinet
2 Bed Single 8.00
1 Bed Twin 4.00
8.00 17 26.00

Page 103
 Purchasing Report

Chrome Pipe Monthly prod Upholstery Foam

3 Dining Set
4 Sala Set 6.00
4 Coffee Table
6.00 3 Cabinet

2 Bed Single
1 Bed Twin
6.00 17 6.00

Drawer Guide Monthly prod

3 Dining Set 0.0
14.0 4 Sala Set 1,680.0
4 Coffee Table 0.0
3 Cabinet 0.0
2 Bed Single 0.0
1 Bed Twin 0.0
14.0 17

Page 104
 Purchasing Report

20
Total Yearly Items Qty
Php1,368,000 Wood- board foot 1,800
Php21,600 Nails- kilo 20
Php46,800 Epoxy - Liter 20
Php28,800 Shuretite - Liter 30
Php144,000 Varnish -Gallon 30
Php108,000 Stainless hinges 30
Php35,400 Concealed Hinges 20
Php42,240 Ball Caster 40
Php11,040 Chrome Pipe 20
Php240,000 Upholstery Foam 20
Php23,040 Drawer Guide 30
Php2,068,920 Total

Wood Nails Wood ( board feet)Monthly prod

25,200.00 180.00 600 6

31,200.00 240.00 660 6

14,400.00 240.00 540 9

27,000.00 180.00 900 6

14,400.00 60.00 345 3

7,800.00 60.00 390 3

3,435 33

Epoxy Shurtite Epoxy ( liter) Monthly prod

487.50 159.60 6 6

520.00 320.00 6 6
Page 105
 Purchasing Report

520.00 320.00 5 9

390.00 240.00 6 6

260.00 160.00 3 3

130.00 80.00 3 3

29 33

Varnish Stainless Varnish( Gallon) Monthly prod

1,200.00 3,375.00 6.00 6

1,600.00 - 9.00 6

1,600.00 3,375.00 9.00 9

1,200.00 - 12.00 6

800.00 - 4.50 3

800.00 - 6.00 3

46.50 33

Concealed Ball Caster Concealed Hinges Monthly prod

943.41 528.00 3.99 6
- - 6
- 704.00 9
- - 6

- 704.00 3
- 352.00 3
3.99 33

Page 106
 Purchasing Report

Chrome Pipe Foam Chrome Pipe Monthly prod

- - 6

- ### 6
- - 9
552.00 - 6.00 6

- - 3
- - 3
6.00 33

Drawer Guide Monthly prod

6
36.0 6
9
6
3
3
36.0 33

Page 107
 Purchasing Report

2023
Unit Cost Monthly Cost Total Yearly
Php60.00 Php108,000 Php1,296,000
Php60.00 Php1,200 Php14,400
Php130.00 Php2,600 Php31,200
Php80.00 Php2,400 Php28,800
Php400.00 Php12,000 Php144,000
Php225.00 Php6,750 Php81,000
Php118.00 Php2,360 Php28,320
Php88.00 Php3,520 Php42,240
Php92.00 Php1,840 Php22,080
Php2,000.00 Php40,000 Php480,000
Php120.00 Php3,600 Php43,200
Php184,270 Php2,211,240

onthly prod Nails ( kilo) Wood Nails

Dining Set 3.00 36,000.00 180.00

Sala Set 3.00 39,600.00 180.00

Coffee Table 4.50 32,400.00 270.00

Cabinet 6.00 54,000.00 360.00

Bed Single 2.25 20,700.00 135.00

Bed Twin 3.00 23,400.00 180.00

21.75

onthly prod Shuretite(liter) Epoxy Shurtite

Dining Set 6.00 780.00 480.00

Sala Set 6.00 780.00 480.00
Page 108
 Purchasing Report

Coffee Table 9.00 585.00 720.00

Cabinet 6.00 780.00 480.00

Bed Single 6.00 390.00 480.00

Bed Twin 3.00 390.00 240.00

36.00

onthly prod Stainless Hinges Varnish Stainless

Dining Set 38.00 2,400.00 8,550.90

Sala Set 3,600.00 -

Coffee Table 36.00 3,600.00 8,100.00

Cabinet 4,800.00 -

Bed Single 1,800.00 -

Bed Twin 2,400.00 -

74.00

onthly prod Ball Caster Concealed Ball Caster

Dining Set 12.00 470.82 1,056.00
Sala Set - -
Coffee Table 45.00 - 3,960.00
Cabinet - -
Bed Single 9.00 - 792.00
Bed Twin 6.00 - 528.00
72.00

Page 109
 Purchasing Report

onthly prod Upholstery Foam Chrome Pipe Foam

Dining Set - -
Sala Set 9.00 - ###
Coffee Table - -
Cabinet 552.00 -

Bed Single - -
Bed Twin - -
9.00

onthly prod
Dining Set 0.0
Sala Set 4,320.0
Coffee Table 0.0
Cabinet 0.0
Bed Single 0.0
Bed Twin 0.0

Page 110
 Purchasing Report

2024
Items Qty Unit Cost Monthly Cost
Wood- board foot 1,850 Php60.00 Php111,000
Nails- kilo 20 Php60.00 Php1,200
Epoxy - Liter 20 Php130.00 Php2,600
Shuretite - Liter 30 Php80.00 Php2,400
Varnish -Gallon 30 Php400.00 Php12,000
Stainless hinges 20 Php225.00 Php4,500
Concealed Hinge 20 Php118.00 Php2,360
Ball Caster 30 Php88.00 Php2,640
Chrome Pipe 20 Php92.00 Php1,840
Upholstery Foam 25 Php2,000.00 Php50,000
Drawer Guide 40 Php120.00 Php4,800
Total Php195,340

Wood ( board feeMonthly prod Nails ( kilo)

650 13 Dining Set 6.50

650 13 Sala Set 6.50

950 19 Coffee Table 9.50

1,000 10 Cabinet 10.00

600 6 Bed Single 4.50

600 6 Bed Twin 1.50

4,450 67 38.50

Epoxy ( liter) Monthly prod Shuretite(liter)

26 13 Dining Set 26.00

13 13 Sala Set 13.00

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 Purchasing Report

10 19 Coffee Table 19.00

10 10 Cabinet 20.00

6 6 Bed Single 6.00

6 6 Bed Twin 6.00

71 67 90.00

Varnish( Gallon) Monthly prod Stainless Hinges

9.75 13 Dining Set 52.00

9.75 13 Sala Set

14.25 19 Coffee Table 38.00

5.00 10 Cabinet
3.00 6 Bed Single
3.00 6 Bed Twin
44.75 67 90.00

Concealed HingeMonthly prod Ball Caster

26.00 13 Dining Set 13.00
13 Sala Set
19 Coffee Table 22.80
10 Cabinet
6 Bed Single 12.00
6 Bed Twin 12.00
26.00 67 59.80

Page 112
 Purchasing Report

Chrome Pipe Monthly prod Upholstery Foam

13 Dining Set
13 Sala Set 13.00
19 Coffee Table
20.00 10 Cabinet

6 Bed Single
6 Bed Twin
20.00 67 13.00

Drawer Guide Monthly prod

13 Dining Set 0.0
86.5 13 Sala Set 10,374.0
19 Coffee Table 0.0
10 Cabinet 0.0
6 Bed Single 0.0
6 Bed Twin 0.0
86.5 67

Page 113
 Purchasing Report

Total Yearly
Php1,332,000
Php14,400
Php31,200
Php28,800
Php144,000
Php54,000
Php28,320
Php31,680
Php22,080
Php600,000
Php57,600
Php2,344,080

Wood Nails

39,000.00 390.00

39,000.00 390.00

57,000.00 570.00

60,000.00 600.00

36,000.00 270.00
36,000.00 90.00

Epoxy Shurtite

3,380.00 ###

1,690.00 ###
Page 114
 Purchasing Report

1,235.00 ###

1,300.00 ###

780.00 480.00

780.00 480.00

Varnish Stainless

3,900.00 ###

3,900.00 -

5,700.00 ###

2,000.00 -

1,200.00 -

1,200.00 -

Concealed Ball Caster

3,068.00 ###
- -
- ###
- -

- ###
- ###

Page 115
 Purchasing Report

Chrome Pipe Foam

- -

- ###
- -
1,840.00 -

- -
- -

Page 116
Year 1 Market share Percentage
Cabinet 18.37% 40.05 21,999.00 881,027.54
Sofa set 21.14% 46.09 2000
Bed 16.98% 37.03 3000
Dining table 17.16% 37.40
218.00
Coffee table 25.82% 56.29
Others
Computer Table 0.17% 0.38
Study Table 0.35% 0.76

Year 3 Market share Percentage

Cabinet 18.37% 46.29
Sofa set 21.14% 53.28
Bed 16.98% 42.80
Dining table 17.16% 43.24
252.00
Coffee table 25.82% 65.07
Others
Computer Table 0.17% 0.44
Study Table 0.35% 0.87

Year 5 Market share Percentage

Cabinet 18.37% 52.54
Sofa set 21.14% 60.47
Bed 16.98% 48.58
Dining table 17.16% 49.07
286.00
Coffee table 25.82% 73.85
Others
Computer Table 0.17% 0.50
Study Table 0.35% 0.99
Year 2 Market share Percentage
Cabinet 18.37% 43.36
Sofa set 21.14% 49.90
Bed 16.98% 40.08
Dining table 17.16% 40.49
236.00
Coffee table 25.82% 60.94
Others
Computer Table 0.17% 0.41
Study Table 0.35% 0.82

Year 4 Market share Percentage

Cabinet 18.37% 49.23
Sofa set 21.14% 56.67
Bed 16.98% 45.52
Dining table 17.16% 45.98
268.00
Coffee table 25.82% 69.21
Others
Computer Table 0.17% 0.46
Study Table 0.35% 0.93
 PROJECTED INCOME STATEMENT
Description 2020 2021 2022
Net Sales ₱4,367,791 ₱4,839,668 ₱5,287,060
Less: Cost of Goods Sold 3,014,426 3,426,767 3,659,107
Gross Profit 1,353,365 1,412,901 1,627,953
Less: Operating Expenses:
Rent Expenses 225,000 229,500 234,090
Depreciation Expenses 57,044 57,044 57,044
Promotional Expenses 10,000 10,200 10,404
Advertising Expense 5,500 5,610 5,610
Utilities Expense 124,768 127,263 129,808
Supplies Expense 9,450 9,639 9,832
Permits and licenses 4,371 4,458 4,548
Salaries & Wages 358,692 365,866 373,183
Employer's Contribution 21,353 21,924 21,537
Total 816,177 831,503 846,055
Net Income before Tax 537,188 581,398 781,898
Less: Income Tax Due 64,297 75,349 125,474
Net Income after Tax ₱472,891 ₱506,048 ₱656,423

360000 300000
90000 75000 225000
270000 6250

Personal Income Tax (2018 – 2022)

Annual Salary Tax Schedule
Not over 250,000 0%
Over 250,000 but not over 40020% of the excess over 250000
Over 400,000 but not over 80030,000 + 25% of the excess over 400,0000
Over 800,000 but not over 2,0130,000 + 30% of the excess over 800,000
Over 2,000,000 but not over 8490,000 + 32% of the excess over 2,000,000
Over 8,000,000 2,410,000 + 35% of the excess over 8,000,000

Personal Income Tax (2023 onwards)

Annual Salary Tax Schedule
Not over 250,000 0%
Over 250,000 but not over 40015% of the excess over 250,000
Over 400,000 but not over 80022,500 + 20% of the excess over 400,000
Over 800,000 but not over 2,0102,500 + 25% of the excess over 800,000
Over 2,000,000 but not over 8402,500 + 30% of the excess over 2,000,000
Over 8,000,000 2,202,500 + 35% of the excess over 8,000,000
 2023 2024
₱5,702,659 ₱6,205,287
3,862,687 4,142,251
1,839,972 2,063,036

238,772 243,547
57,044 57,044
10,612 10,824
5,610 5,610
132,404 135,053
10,028 10,229
4,639 4,731
380,646 388,259
21,871 21,968
861,627 877,265
978,346 1,185,770
183,504 245,731
₱794,842 ₱940,039

,000,000
8,000,000

,000,000
8,000,000
 SCHEDULE OF WORKING CAPITAL
*for two months
Salary 133,210
Rent 50,000
Promotional Expense 1,667
Utilities 25,367
Employer's Share 4,827
Supplies Expense 2,775
Permit and Licenses 1,150
Advertising 917
Raw Materials 299,600
Cash 15,205
TOTAL ₱ 534,717
SCHEDULE OF PROJECT COST

Working Capital 534,717

Leasehold Improvement 30,420
Tools and Utensils 16,561
Furnitures and Fixtures 48,800
Machinery and Equipment 79,490
Delivery Vehicle 370,000
TOTAL ₱ 1,079,989
 COGS

COST OF GOODS SOLD

2020 2021 2022
Direct Materials Used:
Raw Materials Inventory, Jan. 1 ₱0 ₱10,810 ₱7,352
Add: Net purchases 1,797,600 1,930,104 2,068,920
Total Materials Available for Use 1,797,600 1,940,914 2,076,272
Less: Raw Materials Inventory, Dec. 31 10,810 7,352 10,098
Direct Materials Used: 1,786,790 1,933,562 2,066,174
Direct Labor 298,300 323,380 345,420
Factory Overhead 1,057,918 1,169,825 1,247,513
Total Manufacturing Costs 3,143,008 3,426,767 3,659,107
Add: Work in Process Inventory, Jan. 1 - - -
Total Cost of Goods Placed Into Process 3,143,008 3,426,767 3,659,107
Less: Work in Process Inventory, Dec. 31 - - -
Cost of Goods manufactured 3,143,008 3,426,767 3,659,107
Add: Finished Goods Inventory, Jan. 1 - 128,582 128,582
Goods Available for Sale 3,143,008 3,555,349 3,787,689
Less: Finished Goods Inventory, Dec. 31 128,582 128,582 128,582
Cost of Goods Sold ₱3,014,426 ₱3,426,767 ₱3,659,107

Page 123
 COGS

2023 2024

₱10,098 ₱23,382
2,211,240 2,344,080
2,221,338 2,367,462
23,382 22,900
2,197,956 2,344,562
367,460 392,540
1,327,453 1,418,652
3,892,869 4,155,754
- -
3,892,869 4,155,754
- -
3,892,869 4,155,754
128,582 158,764
4,021,451 4,314,519
158,764 172,267
₱3,862,687 ₱4,142,251

Page 124
 SOCF
PROJECTED STATEMENT OF CASH F
Description Year 1
Net Income (Loss) 472,891
Add:
Depreciation - Building Improvements 5,476
Depreciation - Tools and Utensils 2,981
Depreciation - Machinery and Equipment 14,308
Depreciation - Furniture and Fixture 8,784
Depreciation - Delivery Vehicle 33,300
Increase in Raw Materials Inventory (10,810)
Increase in Finished Goods Inventory (128,582)
Cash provided (used) by Operating Activities 398,348

INVESTING ACTIVITIES
Building improvements (30,420)
Tools and Utensils (16,561)
Machinery and Equipment (79,490)
Furniture and Fixtures (48,800)
Delivery Vehicle (370,000)
Rent Deposit and Advance (100,000)
Cash provided (used) by Investing Activities (645,271)

FINANCING ACTIVITIES
Withdrawals (236,445)
Investments 1,079,989
Cash provided (used) by Financing Activities 843,543

NET CASH PROVIDED 596,620

Beginning Cash -
ENDING CASH BALANCE ₱596,620

*rent deposit: 2 months advance 2months d

Page 125
 SOCF
D STATEMENT OF CASH FLOWS
Year 2 Year 3 Year 4 Year 5
506,048 656,423 794,842 940,039

5,476 5,476 5,476 5,476

2,981 2,981 2,981 2,981
14,308 14,308 14,308 14,308
8,784 8,784 8,784 8,784
33,300 33,300 33,300 33,300
3,458 (2,746) (13,284) 482
- - (30,183) (13,503)
574,355 718,526 816,224 991,867

(253,024) (328,212) (397,421) (470,020)

(253,024) (328,212) (397,421) (470,020)

321,331 390,315 418,803 521,847

596,620 917,951 1,308,265 1,727,069
₱917,951 ₱1,308,265 ₱1,727,069 ₱2,248,916

osit: 2 months advance 2months deposit

Page 126
 Tools and Utensils

SALVAGE VALUE
TOOLS AND UTENSILS QUANTITY UNIT COST TOTAL COST (10%) NO. OF YEARS
CLAW HAMMER 3 ₱ 289.00 ₱ 867.00 86.7 5
TAPE MEASURE 2 295.00 590.00 59 5
LEVEL TOOL 2 630.00 1,260.00 126 5
HAND SAW 3 270.00 810.00 81 5
WOOD CLAMP 2 550.00 1,100.00 110 5
LAYOUT SQUARE 2 1,000.00 2,000.00 200 5
TOOLBOX 1 1,500.00 1,500.00 150 5
CALIPER 2 170.00 340.00 34 5
CLAMP 2 150.00 300.00 30 5
SCREW DRIVER 5 160.00 800.00 80 5
CHISEL 3 165.00 495.00 49.5 5
CAULK GUN 2 300.00 600.00 60 5
GOUGE CHISEL 3 299.75 899.25 89.925 5
WOOD WORKING TABLE 1 5,000.00 5,000.00 500 5
TOTAL ₱ 16,561 ₱ 1,656

Machinery and Equipment

Machinery and SALVAGE VALUE
Equipment QUANTITY UNIT COST TOTAL COST (10%) NO. OF YEARS
BAND SAW 1 2900 2900 290 5
WOOD PLANER 1 3750 3750 375 5
SANDER 1 2350 2350 235 5
POWER DRILL 1 2800 2800 280 5

ELECTRIC PAINT AIR

COMPRESSOR 1 15000 15000 1500 5
AIR CONDITIONING UNIT 1 27000 27000 2700 5
DESKTOP 1 17690 17690 1769 5
PRINTER 1 8000 8000 800 5
TOTAL ₱ 79,490 ₱ 7,949

Furniture and Fixture

SALVAGE VALUE
Furniture and Fixture QUANTITY UNIT COST TOTAL COST (10%) NO. OF YEARS
PAYMENT COUNTER 1 ₱ 10,000.00 ₱ 10,000.00 1000 5
SOFA 1 4000.00 4000.00 400 5
OFFICE DESK 1 20000.00 20000.00 2000 5
LED LIGHTING SYSTEM 10 500.00 5000.00 500 5
EMERGENCY LIGHT 4 1500.00 6000.00 600 5
FIRE EXTINGUISHER 1 1200.00 1200.00 120 5
TELEPHONE AND WIFI 1 1700.00 1700.00 170 5
WALL CLOCK 2 150.00 300.00 30 5
TRASH BIN 2 300.00 600.00 60 5
TOTAL ₱ 48,800 ₱ 4,880

Delivery Vehicle
Vehicle QUANTITY UNIT COST SALVAGE VALUE NO. OF YEARS
TOTAL COST
(10%)
Delivery Truck 1 ₱ 370,000.00 ₱ 370,000.00 ₱ 37,000.00 10

Building Improvements
Building Improvements Qty Unit Cost Total Cost Salvage Value (10%) Useful Life
Leasehold Improvements 1 ₱ 30,420.00 ₱ 30,420.00 ₱ 3,042.00 5

30420
30420
 ANNUAL
DEPRECIATION 2020 2021 2022 2023 2024
₱ 156.06 ₱ 710.94 ₱ 554.88 ₱ 398.82 ₱ 242.76 ₱ 86.70
106.20 483.80 377.60 271.40 165.20 59.00
226.80 1,033.20 806.40 579.60 352.80 126.00
145.80 664.20 518.40 372.60 226.80 81.00
198.00 902.00 704.00 506.00 308.00 110.00
360.00 1,640.00 1,280.00 920.00 560.00 200.00
270.00 1,230.00 960.00 690.00 420.00 150.00
61.20 278.80 217.60 156.40 95.20 34.00
54.00 246.00 192.00 138.00 84.00 30.00
144.00 656.00 512.00 368.00 224.00 80.00
89.10 405.90 316.80 227.70 138.60 49.50
108.00 492.00 384.00 276.00 168.00 60.00
161.87 737.39 575.52 413.66 251.79 89.93
900.00 4,100.00 3,200.00 2,300.00 1,400.00 500.00
₱ 2,981 ₱ 13,580.23 ₱ 10,599.20 ₱ 7,618.18 ₱ 4,637.15 ₱ 1,656.13

ANNUAL
DEPRECIATION
522 2378 1856 1334 812 290
675 3075 2400 1725 1050 375
423 1927 1504 1081 658 235
504 2296 1792 1288 784 280

2700 12300 9600 6900 4200 1500

4860 22140 17280 12420 7560 2700
3184 14505.8 11321.6 8137.4 4953.2 1769
1440 6560 5120 3680 2240 800
₱ 14,308 ₱ 65,182 ₱ 50,874 ₱ 36,565 ₱ 22,257 ₱ 7,949

ANNUAL
DEPRECIATION
₱ 1,800.00 ₱ 8,200.00 ₱ 6,400.00 ₱ 4,600.00 ₱ 2,800.00 ₱ 1,000.00
720.00 ₱ 3,280.00 ₱ 2,560.00 ₱ 1,840.00 ₱ 1,120.00 ₱ 400.00
3600.00 ₱ 16,400.00 ₱ 12,800.00 ₱ 9,200.00 ₱ 5,600.00 ₱ 2,000.00
900.00 ₱ 4,100.00 ₱ 3,200.00 ₱ 2,300.00 ₱ 1,400.00 ₱ 500.00
1080.00 ₱ 4,920.00 ₱ 3,840.00 ₱ 2,760.00 ₱ 1,680.00 ₱ 600.00
 216.00 ₱ 984.00 ₱ 768.00 ₱ 552.00 ₱ 336.00 ₱ 120.00
306.00 ₱ 1,394.00 ₱ 1,088.00 ₱ 782.00 ₱ 476.00 ₱ 170.00
54.00 ₱ 246.00 ₱ 192.00 ₱ 138.00 ₱ 84.00 ₱ 30.00
₱ 108.00 ₱ 492.00 ₱ 384.00 ₱ 276.00 ₱ 168.00 ₱ 60.00
₱ 8,784 ₱ 40,016 ₱ 31,232 ₱ 22,448 ₱ 13,664 ₱ 4,880

ANNUAL
DEPRECIATION
₱ 33,300.00 ₱ 336,700.00 ₱ 303,400.00 ₱ 270,100.00 ₱ 236,800.00 ₱ 203,500.00

Annual Depreciation
₱ 5,476 ₱ 24,944.40 ₱ 19,468.80 ₱ 13,993.20 ₱ 8,517.60 ₱ 3,042.00
 BS
PROJECTED STATEMENT OF FINANCIAL POSITION
Description Year 1
ASSETS
Current Assets:
Cash 596,620
Inventories
Finished Goods Inventory, end 128,582
Raw Materials Inventory, end 10,810
Total Current Assets 736,012

Noncurrent Assets:
Rent Deposit 100,000
Building Improvements 24,944
Tools and Utensils 13,580
Furniture and Fixtures 40,016
Machinery And Equipment 65,182
Delivery Vehicle 336,700
Total Noncurrent Assets (net) 580,422
TOTAL ASSETS (PHP) 1,316,434
LIABILITIES AND EQUITY
Capital 1,316,434
TOTAL LIABILITIES AND EQUITY (PHP) 1,316,434

0.00

Page 131
 BS
ATEMENT OF FINANCIAL POSITION
Year 2 Year 3 Year 4 Year 5

917,951 1,308,265 1,727,069 2,248,916

128,582 128,582 158,764 172,267

7,352 10,098 23,382 22,900
1,053,885 1,446,945 1,909,215 2,444,083

100,000 100,000 100,000 100,000

19,469 13,993 8,518 3,042
10,599 7,618 4,637 1,656
31,232 22,448 13,664 4,880
50,874 36,565 22,257 7,949
303,400 270,100 236,800 203,500
515,574 450,725 385,876 321,027
1,569,458 1,897,670 2,295,091 2,765,110

1,569,458 1,897,670 2,295,091 2,765,110

1,569,458 1,897,670 2,295,091 2,765,110

0.00 0.00 0.00 0.00

Page 132
 Payback Period
Year Annual Cash Flows Initial Investment
0 - 1,079,988.68
2020 398,347.96
2021 574,355.17
2022 718,526.19
2023 816,224.07
2024 991,866.91
Payback Period

Return on Initial Investment

Year Net Income Initial Investment
2020 472,890.81 1,079,988.68
2021 506,048.35 1,079,988.68
2022 656,423.36 1,079,988.68
2023 794,841.95 1,079,988.68
2024 940,039.11 1,079,988.68

Net Present Value

Year Source Cash Inflows
2020 Annual Net Cash Return 537,739.64
2021 Annual Net Cash Return 570,897.17
Dec. in Working Cap – Invty 3,458.00
2022 Annual Net Cash Return 721,272.19
Dec. in Working Cap – Invty - 2,746.00
2023 Annual Net Cash Return 859,690.78
2024 Annual Net Cash Return 1,004,887.93
Dec. in Working Cap – Invty - 13,021.03
Salvage Value – Bldg 3,042.00
Salvage Value – Vehicle 37,000.00
Salvage Value – Machineries 7,949.00
Salvage Value – Tools 1,656.13
Salvage Value – F&F 4,880.00

Year Source Cash Outflows

2020 Net Initial Investment -1,079,988.68
Inc. in Working Cap – Invty -182,858.38
2022
 Payback Period

1.00
1.00 1.19
0.15 972,703.13
1,691,229.32

2.15

ment
ROI
44%
47%
61%
74%
87%

sent Value
PV of 1 @ 12% PV of Cash Inflows
0.8928571429 480,124.68
0.7971938776 455,115.73
0.7971938776 2,756.70
0.7117802478 513,387.30
0.7117802478 (1,954.55)
0.6355180784 546,349.03
0.5674268557 570,200.40
0.5674268557 (7,388.48)
0.5674268557 1,726.11
0.5674268557 20,994.79
0.5674268557 4,510.48
0.5674268557 939.73
0.5674268557 2,769.04
PV of Cash Inflows 2,589,530.96

PV of 1 @ 12% PV of Cash Outflows

1.00 -1,079,988.68
0.89 -163,266.41
 -1,243,255.09

Net Present Value 1,346,275.87

 Owner's Equity
PROJECTED STATEMENT OF CHANGES IN OWNER'S EQUITY
Description Year 1 Year 2 Year 3
Beginning Capital 1,316,434 1,569,458
Add: Investment 1,079,989 - -
Net Income 472,891 506,048 656,423
Less: Withdrawals (236,445) (253,024) (328,212)
ENDING CAPITAL (PHP) 1,316,434 1,569,458 1,897,670

Page 137
 Owner's Equity
OWNER'S EQUITY
Year 4 Year 5
1,897,670 2,295,091
- -
794,842 940,039
(397,421) (470,020)
2,295,091 2,765,110

Page 138