Schedule 1: Net Sales

Assumptions:
1. Sales in unit increase by 10% annually
2. Selling price will not change
3. Sales will increase by 10% annually
4. There are 3% sales discount on the annual sales

Schedule 1.1: Sales

Assumptions:
1.  Sales in unit increase by 10% annually
2.  Selling price will not change
3. Sales will increase by 10% annually

Schedule 1.2: Sales Discount

Assumption/s:
1. There are 3% sales discount on the annual sales

Schedule 32.1: Selling Price

Assumption/s:
1. There are 24% markup in the beginning of operating year and additional markup on the
following years

Schedule 2: Cost of Goods Sold

Assumption/s:
1. Direct material increases by 10% annually
2. There are 1% materials ending inventory in the end of the year
3. The cost of materials will not change
4. All raw materials will purchase in different suppliers in the Philippines
5. Direct labor increase by 3% every two years
6. Indirect material increases by 10% annually
7. Packaging material, factory supplies, utilities expense and insurance increase by 5%
annually
8. 13th month pay, mandated benefits and other salaries increase by 3% every two years
9. Repairs and maintenance increase by 0.25% annually

Schedule 3: Budgeted Material Purchases

Assumption/s:
1. Purchases of materials increase by 10% annually
2. All raw materials will purchase in different suppliers in the Philippines

Schedule 3.2.1: Budgeted Materials Purchases- 600D Fabric Poly-nylon Mesh Ripstop Polyester
Assumption/s:
1. 2.5 yards of 600D Fabric Poly-nylon Mesh Ripstop Polyester is required to produce 1
unit of airbag vest
2. There are 1% materials ending inventory in the end of the year
Schedule 3.2.2: Budgeted Materials Purchases- Integrated CE2 Back Armor
Assumption/s:
1. 1 piece of Integrated CE2 Back Armor is required to produce 1 unit of airbag vest
2. There are 1% materials ending inventory in the end of the year

Schedule 3.2.3: Budgeted Materials Purchases- Integrated CE2 Chest Armor

Assumption/s:
1. 1 piece of Integrated CE2 Chest Armor is required to produce 1 unit of airbag vest
2. There are 1% materials ending inventory in the end of the year

Schedule 3.2.4: Budgeted Materials Purchases- Dunnage Airbag

Assumption/s:
1. 1 piece of Dunnage Airbag is required to produce 1 unit of airbag vest
2. There are 1% materials ending inventory in the end of the year

Schedule 3.2.5: Budgeted Materials Purchases- Gas Inflator/ CO2 Cartridge

Assumption/s:
1. 1 piece of Gas Inflator/ CO2 Cartridge is required to produce 1 unit of airbag vest
2. There are 1% materials ending inventory in the end of the year

Schedule 3.2.6: Budgeted Materials Purchases- Woven Reflective Thread

Assumption/s:
1. 4 yards of Woven Reflective Thread is required to produce 1 unit of airbag vest
2. There are 1% materials ending inventory in the end of the year

Schedule 4: Direct Labor

Assumption/s:
1. Salaries increase by 3% every two years

Schedule 5: Factory Overhead

Assumption/s
1. Indirect material increases by 10% annually
2. Packaging material, factory supplies, utilities expense and insurance increase by 5%
annually
3. 13th month pay, mandated benefits and other salaries increase by 3% every two years
4. Repairs and maintenance increase by 0.25% annually

Schedule 6: Selling Expense

Assumption/s:
1. Salaries, bonuses and benefits increase 3% every two years
2. Utilities selling expense was 12% (30% X 40%) of the total utilities expense
3. There will be a weekly delivery of the finished product to the establishments
4. Insurance and depreciation selling expense was 5% (12.5% X 40%) of the total insurance
and depreciation expenses.
5. Repairs and maintenance increase 0.25% annually
 6. Advertising expense increase 5% annually

Schedule 7: Administrative Expense

Assumption/s
1. Office Supplies increase 5% annually
2. Salaries, bonuses and benefits increase 3% every two years
3. Utilities administrative expense was 18% (30% X 60%) of the total utilities expense
4. Insurance and depreciation selling expense was 7.5%% (12.5% X 60%) of the total
insurance and depreciation expenses

Schedule 8: Raw Materials Inventory

Assumption/s
1. There are 1% materials ending inventory in the end of the year

Schedule 9:
Assumption/s:
1. Finished goods, end is 1% of annual production and will be assumed as inventories at the
end of the year

Schedule 10: Packaging Materials

Assumption/s:
1. Packaging materials will increase 5% annually

Schedule 11: Factory Supplies

Assumption/s
1. 95% of factory supplies will consume annually
2. Supplies increase 5% annually