I.

THE EXECUTIVE SUMMARY

Project Background

Proposed Name of the Project / Business

The Proposed name of the business is MR. JAMunchkin. The word “MR.”

was dedicated to the boy proponents of the business so with the combination of

the first letters of the last names of the lady owners (Julapong, Amarille,

Migallen) combined together with the “Munchkin” which is the exact product of

the business.

Type of Business Organizations

The type of business organizations the owners chose to have is a

Partnership type of business for the reason that the proponents consider

themselves as partners. And so, the business proper is under a General

Partnership where in the owners obtain equal amount of shares, responsibilities,

and contributions.

Location of Business (Offices, Store or Farm)

The location of the business been chosen by the owners will be at one of

the proponent’s residence for the reason that the area is near to public areas or

near to areas were consumers are present such like schools and because of that

it is really advantageous for the business. The proponents also decided to

canvas the product on store and stalls near homes and also to those stores

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outside schools most specifically in Cristal e-College and the schools located in

Nahawan, Clarin, Bohol.

Nahawan, Clarin, Bohol

Cristal e-College

Cristal e-College

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Project Proponent

The proponents of the project were classmates in Cristal e-College Senior

High School. The proponent’s partnership started last November 13, 2017 and

was created because of the subject Entrepreneurship. The proponents of the

business are classmates since grade 11 so the different capabilities and talents

the proponents have are already discovered and identified that’s why it serves as

an advantage for the proponents to work together upon achieving the goal of the

business.

The owners of the business are Geraldine Dalagon Julapong a lady from

the land of Lagtangan, Sevilla, Bohol. She is 17 years of age taking up a course

of Domestic Works and Housekeeping. The next owner is an 18 year old lady

who lives in Nahawan, Clarin, Bohol. She is taking up a course of Local Tour

Guiding. Her name is Lorimar Rodriguez Migallen. The next lady owner lives in

Mataub, Clarin, Bohol. Her name is Analyn Adlao Amarille. She is 18 years of

age and taking up a course of Local Tour Guiding. The fourth owner is a

gentleman from the land of San Isidro District Tagbilaran City, Bohol. He is 17

years old and taking up a course of Shielded Metal Arc Welding. His name is Roy

Berou Rubia. The fifth owner is Jomar Albufera Fernandez, a 21- year old boy

from Dipatlong, Maribojoc, Bohol. He is taking up a course of Shielded Metal Arc

Welding. And the last but not the least owner of the business is John Christian

Iman Bernat. A 17 year old boy from the land of Danao, Panglao, Bohol, taking

up a course of Shielded Metal Arc Welding. And the proponents of the business

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believes that “The differences among the proponents are the key to the

business’s success.”

Management and Personnel Feasibility Summary

Proposed Organizational Chart of MR. JAMUNCHKIN

LORIMAR MIGALLEN

PRODUCTION MANAGER

GERALDINE ANALYN AMARILLE

JULAPONG
HEAD OF AUDIT
HEAD PURCHASER

ROY RUBIA JOHN CHRISTIAN JOMAR

BERNAT FERNANDEZ
SELLER 1
SELLER 2 SELLER 3

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 Personnel’s Job Specification and Description

JOB JOB EMPLOYMENT SALARY

POSITION SPECIFICATION DESCRIPTION STATUS AND
BENEFITS



 Creative 
PRODUCTION Has proper  Assigned to produce
MANAGER knowledge on the product
sanitation and  Assigned to the sanitary
hygiene aspect in making and Temporary ₱10.8
creating the product


 Has the ability to
deal with the  Assigned to purchase
HEAD the needed raw
vendors
PURCHASER materials prior to
production Temporary ₱10.8
 Knows how to
budget
  Go to the market and
 Know how to buy the raw materials
identify the needed
quality and
quantity of the  Deal with the vendors
materials to be for discounts
purchase

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 JOB JOB EMPLOYMENT SALARY
POSITION SPECIFICATION DESCRIPTION STATUS AND
BENEFITS

 Knows how to Assigned to do

calculate the audit and
 estimate profit,
HEAD OF  Mindful in income, and to
AUDIT estimating income report the current
and profits status of the Temporary ₱10.8
 Honest business

 Assigned to the
flow of money
getting in and out
from and/for the
production

 Has the ability to Assigned to sell

deal with the product
customers Temporary ₱10.8
 Has features to Assigned to
SELLER attract customers do canvassing
 Can do sales talk and sales talk
to sold the
product made

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 Marketing Feasibility Summary

The target buyers or customers of MR. JAMunchkin are students and staffs of

Cristal e-College and people living in Nahawan, Clarin, Bohol. The location is

suitable for Mr. JAMunchkin for the business don’t have competitors present in

the area, and so there is a greater chances of saleability in the place.

Demand Analysis

PROJECTED DEMAND
MONTH IN PIECES (pcs)

January 650
February 650
March 650

Supply Analysis

In Cristal e-College and Nahawan, Clarin, Bohol Mr. Jamunchkin doesn’t

have existing competitors in the said area.

MONTH ACTUAL SUPPLY IN PIECES

January 640 pieces per month

February 640 pieces per month

March 640 pieces per month

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Demand Supply Analysis

MONTH DEMAND IN SUPPLY IN UNSATISFIED

PIECE (pc) PIECE DEMAND

(pc)

January 650 640 10

February 650 640 10

March 650 640 10

Marketing Practices of Competitors

Mr. Jamunchkin has no existing competitors present in Cristal e-College

and Nahawan, Clarin, Bohol. If there will be competitors that will arise, the

business have a lot of advantages because the business are already known and

already have regular customers. The proponents already know the demands and

needs of the customers. The customers are already assured with regards of the

quality of the product because the proponents will inform them during the selling

process.

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 Actual Marketing Program of the Business

Product

The product will be comprise of Ace Biscuit, Condensed Milk and Desired

topping such as sprinkles, nips, mallows and desiccated coconut. The product

will come out to round and oval shapes that will attract and satisfy the customer’s

taste.

Mr. Jamunchkin will offer the following kinds of Munchkins:

 Munchkin with desiccated coconut

 Munchkin with nips

 Munchkin with mallows

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 Munchkin with sprinkles

Price

The proponent of the business assures that the price of MR. JAMunckin is

affordable to the customers.

PRODUCT PRICE

Munchkin with Desiccated Coconut ₱2.00

Munchkin with Nips ₱2.00

Munchkin with Mallows Inside ₱2.00

Munchkin with Sprinkles ₱2.00

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Promotion

The strategic way of marketing the product will be using social media sites

like posting Mr. Jamunchkin on Facebook, direct marketing to the customers and

contact buyers. The proponents of the business will assure that the quality of the

product is good and maintained with proper product sanitation.

Actual Sales

ACTUAL
MONTH SALES VOLUME SELLING PRICE MONTHLY
SALES

January 529 ₱2.00 ₱1,058.00

February 859 ₱2.00 ₱1,718.00

March 248 ₱2.00 ₱496.00

Production/ Technical Feasibility Summary

1.1 Product Description

The Mr. Jamunchkin is formed accordingly through randomly selected

shapes such as round and oval. The product is purely composed of Ace Biscuit,

Condensed Milk, and for the toppings are desiccated coconut, sprinkles, nips and

mallows. The proponents assure that the product will be made with proper

sanitation and will be created artistically to attract and satisfy customers.

1.2 Production Process

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 Description of the Production

The production of the product undergoes through certain process

and is distributed throughout the sellers to the customers.

Process

The process will start upon purchasing the needed raw materials

for the product. Secondly is the processing of the product or the product

processing also known as the production proper and lastly is the distribution of

the product also known as the product distribution

Production Flow Diagram of MR. JAMunchkin

Purchasing Processing

Of Raw Materials

1. Crushed the Ace Biscuit

2.. Add the condensed

milk

3. Mold the mixtures to

desired shapes

4. Add the toppings.

Distribution 5. Refrigerate at least 1

hour

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 The quality of the product will be strictly maintained and controlled most
specifically its composition, taste and sanitation.

1.3 Machineries and Equipment

 Refrigerators

 Mixing Bowl / Containers

 Plates

 Ladles

 Extra Food Containers

 Water Cellophanes

 Disposable Gloves

 Measuring Cups

 Rolling Pin

With regards to the source of equipment, the proponents of the

business who have some equipment present on their home will be the one to

provide those certain equipment then all the other equipments not available will

be acquired by the proponents using the contributed capital.

Machineries and Sources Unit Cost Quantity Total Cost

Equipment

Provided by
Refrigerator the proponents (₱25,000) 1 (₱25,000)
Provided by
Mixing Bowl / Containers the proponents (₱50) 3 (₱150)
Provided by
Plates the proponents (₱12) 3 (₱36)
Provided by
Ladles the proponents (₱10) 3 (₱30)

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 Provided by
Measuring Cups the proponents (₱15) 2 (₱30)
Provided by
Rolling Pin the proponents (₱30) 1 (₱30)
Extra Food Containers Purchase ₱20 per 2 ₱40
container
Water Cellophanes Purchase ₱5 per piece 2 ₱10
Disposable Gloves Purchase ₱50 per pack 1 ₱50

Total Machineries and Equipment Cost ₱100

Note: The figures been open and close parentheses are provided by the

proponents so it is deducted in the summation of total machine and equipment

cost.

1.4 Utilities

The utilities needed for the product are water, electricity and

communication system.

QUANTITY / TOTAL
VOLUME
DESCRIPTION SOURCE UNIT COST NEEDED COST

Water Provided by the

proponents
₱ 25 1 container ₱25

Power Provided by the

proponents
₱9.18 per Kph 32 Kph ₱293.76

Communication Free School Free School Free School

Wi-Fi

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 System Wi-Fi Wi-Fi ₱ 0.00

TOTAL MONTHLY UTILITY COST ₱ 318.76

1.5 Raw Materials Requirements Good for (70-80 Pieces)

DESCRIPITION SOURCE/S UNIT COST QUANTITY / TOTAL

VOLUME MONTHLY
NEEDED COST

Ace Biscuit Purchase ₱45 per pack 1 pack x 8 ₱360

Condensed Milk Purchase ₱30 per can 1 can x 8 ₱240

Desiccated Purchase ₱25.75 per 1 pack x 4 ₱103

Coconut
pack

Mallows Purchase ₱25 per 100g 100 grams x 4 ₱100

Nips Purchase ₱32 per 100g 100 grams x 4 ₱128

Sprinkles Purchase ₱25 per 100g 100 grams x 4 ₱100

TOTAL MONTHLY RAW MATERIALS COST ₱1031

Note:

Ace Biscuit and the condensed milk will be purchase 8 times a month and

the other materials such as the desiccated coconut, mallows, nips and sprinkles

will be purchase 4 times a month.

The raw materials are available at supermarket and grocery stores.

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1.6 Manpower Requirements

The business needed at least 6 personnel for the overall components and

factors of the business. The personnel must acquire and have the ability to do

the process in order to make the project possible and successful.

DIRECT PRODUCTION PERSONNEL’S JOB SPECIFICATION AND

DESCRIPTION

POSITION JOB JOB STATUS SALARY

SPECIFICATION DESCRIPTION AND
BENEFITS
Head Knows how to Purchase the
Purchaser deal with needed Temporary
suppliers materials ₱10.8

Production Knows how to Make the

Manager make the Product Temporary
product ₱10.8

Know how to sell Sells the Temporary ₱10.8

Seller the product product

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 Financing and Financial Feasibility Summary

Total Project Cost

The total project cost of the business is about ₱4056.28 comprising all

the cost from the machineries and equipment to the costs of the raw

materials needed.

Items Equity Total

A. Fixed Cost

Machineries and
Equipment
a) Refrigerator (₱25,000) (₱25,000)

(₱50) (₱50)
b) Mixing Bowl /
Container
c) Plates (₱12) (₱12)

d) Ladles (₱10) (₱10)

e) Measuring cups (₱15) (₱15)

f) Rolling Pin (₱30) (₱30)

g) Extra Food Containers ₱20 per container ₱40

h) Water Cellophanes ₱5 per piece ₱10

i) Disposable Gloves ₱50 per piece ₱50

TOTAL INITIAL FIXED CAPITAL COST ₱100

B. INITIAL WORKING
CAPITAL
a) Ace Biscuit ₱45 per pack x 8 ₱360

b) Condensed Milk ₱30 per can x 8 ₱240

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c) Desiccated Coconut ₱25.75 per pack x 4 ₱103

d) Mallows ₱25 per 100 gram x 4 ₱100

e) Nips ₱32 per 100 gram x 4 ₱128

f) Sprinkles ₱25 per 100 gram x 4 ₱100

Utility ₱318.76
Cash on Hand ₱382.00
TOTAL MONTHLY WORKING CAPITAL for 1st month
₱1,299.24
TOTAL PROJECT COST ₱2,999.38

Note:

The business will operate within 2 months. The total initial fixed cost was

purchased only on the first month of operation which is ₱100. 00.

The total monthly working capital cost is ₱1,299.24 for the first month. And

₱1,700.14 is the total working capital for the second month. And the total utility

cost is ₱318.76 per month. Since the proponents started operating the business

on the third week of January, the business must only operate in a span of 2

months for the month ended March 2018 and the total project cost for 2 months

is ₱2,999.38.

Source of Capital

The source of capital of the business is acquired through the equal contribution

by the proponents amounting ₱300. The total source of capital is ₱2951.28

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Financial Assumptions

MR. JAMUNCHKIN

BALANCE SHEET FOR THE MONTH ENDED MARCH 2018

CURRENT JANUARY FEBRUARY MARCH

ASSETS
Cash On Hand ₱182 ₱282 ₱639.18
NON – CURRENT ASSETS
Cost of Goods ₱1124.05 ₱598.3 ₱25.75
Cost of ₱100 - -
Materials
Overall Total Assets ₱2,951.28
LIABILITIES
Salary Payable ₱65 ₱65 ₱65
Utilities ₱318.76 ₱318.76 ₱318.76
CAPITAL
Julapong’s ₱300 - -
Capital
Amarille’s Capital ₱300 - -

Migallen’s Capital ₱300 - -

Rubia’s Capital ₱300 - -

Bernat’s Capital ₱300 - -

Fernandez’s ₱300 - -
Capital
Overall Capital ₱1,800 - -

Note: The total summation for the capital and the liabilities is ₱2,951.28.

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 Mr. JAMunchkin Income Statement for the Month Ended March 2018

January February March

Sales ₱2116 ₱666 ₱496

Cost of Goods ₱1123.3 ₱598.3 ₱25.75

Sold

Gross Sales ₱992.7 ₱67.7 ₱470.25

Expenses

Salary Expenses ₱65 ₱65 ₱65

Utilities ₱318.76 ₱318.76 ₱318.76

Cost of Materials ₱100 - -

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