FORMULAS:

Tools and Equipment

Total Cost = Quantity x Unit Cost

Depreciation = Total Cost/Useful Life

Office Supplies

Initial Cost = Quantity x Unit Cost

Annual Cost = Initial Cost x 12

Furniture and Fixture

Total Cost = Quantity x Unit Cost

Depreciation = Total Cost/Useful Life

Advertising Expense

Total cost = Quantity x Unit Cost

Service Vehicle

Total Cost = Quantity x Unit Cost

Depreciation = Total Cost/Useful Life

Leasehold Improvement

Total Cost = Quantity x Unit Cost

Leasehold Improvement Expenses

Depreciation = Cost /Useful Life

Sanitation Expense

Initial Cost = Quantity x Unit Cost

Annual Cost = Initial Cost x 12

Power Consumption

Cost of Electricity

= Watts/1000kw

= KW x Hours Use

= KWH X Days Use

= KWH per month x Rate

Water Consumption

Monthly Consumption Minimum Cost m3 = 404

Annual Cost = Monthly Consumption x 12

Miscellaneous Expense

Initial Cost = Quantity x Unit Cost

Annual Cost = Initial Cost x 12

Fuel Expense

Initial Cost = Quantity x Unit Cost

Monthly Cost = Initial Cost x 30 days

Annual Cost = Monthly Cost x 12

Repair and Maintenance

Initial Cost = Quantity x Unit Cost

Salaries and Wages

Monthly Salaries and Wages = Number Daily Salaries and Wages x 27 days

Annual Salaries and Wages = Monthly Salaries and Wages x 12

Benefits and Incentives

Monthly Benefits and Incentives = SSS + Philhealth + Pagibig + EC

Annual Benefits and Incentives = Monthly Benefits and Incentives x 12

13th Month Pay

13th Month Pay = Monthly Salaries and Wages

Lease Rental

Annual Rental = Monthly Rental x 12

Lease Deposit

Least Deposit = 1 month Advance (P 10,000.00)

VAT Payable

Output Tax = ∑ (Net Sales x 12%)

Input Tax = ∑ [(Annual Cost / 112%) x 12%]

Net VAT = Output Tax – Input Tax

VAT Payments = Net VAT x 11/12

 Total VAT Payable = Net VAT – VAT Payment

Excise Tax

Total Excise Tax = ∑ (Units x Kilograms x Excise tax per kg)

Excise Tax Payments = Total Excise Tax x 11/12

Excise Tax Payable = Total Excise Tax – Excise Tax Payments