SALES BUDGET:

Budgeted unit sales

•Meal Set A (Seafood) 50 meals per week x 50 weeks
•Meal Set B (Pork) 75 Meals per week x 50 weeks
•Meal Set C (Beef) 75 Meals per week x 50 weeks
•Meal Set D (Chicken) 100 meals per week x 50 weeks
Projected unit increase per year is 35%
Total Units
Multiplied by SP/U
Selling price per unit
•Meal Set A (Seafood) Php 500
•Meal Set B (Pork) Php 400
•Meal Set C (Beef) 7 x Php 400
•Meal Set D (Chicken) x Php 350

Total Sales

SCHEDULE OF EXPECTED CASH COLLECTIONS:

Cash sales
Credit sales (No Credit Sales policy of the restaurant)
Total Cash Collections

DIRECT MATERIALS BUDGET:

Units to be produced
Multiply by: Quantity of DM needed per unit
Meal A (seafood)
Meal B (pork)
Meal C (beef)
Meal D (chicken)
Quantity of DM needed for production
Plus: Desired ending inventory of DM
Meal A (seafood)
Meal B (pork)
Meal C (beef)
Meal D (chicken)
Total quantity of DM needed
Less beginning inventory of DM
Quantity of DM to purchase
Multiply by: Cost per pound
Meal A (seafood) ]
Meal B (pork)
Meal C (beef)
 Meal D (chicken)
Multipied by quantity
Total cost of DM purchases

2022

Ingredients Needed per unit Units to be produced

Beef 200g 3750

Pork 200g 3750
Chicken 300g 5000
Squid 100g 2500
Clams 100g 2500
Shrimps 100g 2500
Noodles 50g 15,000
Mixed Vegetables 50g 15,000
Cake
Flour 250g 15,000
Sugar 50g 15,000
Chocolates 100g 15,000
Honey 10g 15,000
Butter 50g 15,000
Miscellaneous 30g 15,000
Herbs and other 5g 15,000
Garnishes
Wine and Other
400 mL 15,000
Spirites
Total

Price is assumed to
increase 15% per year

CASH PAYMENTS FOR DM PURCHASES:

Total Cash Disbursements

Y1=15,000
Y2=18750 Percentage of purchases paid on the day of purchase 50%
Y3=23438 Percentage of purchases paid after date of purchase 50%
CASH PAYMENTS FOR DIRECT LABOR:

No. Position Job Description Monthly Pay

1 Receptionist / Cashier 8,000
1 Chef 20,000
1 Assistant cook 15,000 Each
3 Dining Crew 8000
Dining Crew 8000
Dining Crew 8000
1 Maintenance Crew 8,000
1 Dishwasher 8,000
Total Direct Labor
DL is assumed to be the same in 2023 and 2024 unless demand increases. Since, the restaurant doesn

CASH PAYMENTS FOR MANUFACTURING OVERHEAD

Variable manufacturing overhead costs

Electricity Note: VMoH increases 15% per year
Water
Gas
Rent (fixed)
Other MOH (Maintenance FIXED)
Total cash payments

CASH PAYMENTS FOR OPERATING EXPENSES

Variable operating expenses

Marketing and Promotion
Fixed operating expenses
Business Licenses
Total cash payments
Note: Marketing and Promotion increases 15% per year

CASH BUDGET
FOR THE THREE YEARS

Cash balance, beginning

Add collections from customers
Total cash available

Less cash payments

DM purchases
Direct labor
 MOH costs
Operating Expenses
Equipment purchases
Total Disbursements
Ending cash balance before financing
Financing:
Borrowings
Repayments with Interest (61,984 per month)
Interest is 6.75% per annum
Total financing

Cash balance, ending

BUDGETED INCOME STATEMENT

FOR THE THREE YEARS

Sales
Less COGS:
Beginning Balance
Purchases
Ending Balance

Gross profit
Less expenses:
Operating Expenses
Depreciation
Operating Income
Interest Expense
Net income

PRO FORMA BALANCE SHEET

FOR THE THREE YEARS

ASSETS 2022
Current Assets
Cash 5,620,808
Net accounts receivable -
Inventory -
Temporary investment -
Prepaid expenses -
Total Current Assets $5,620,808

Fixed Assets
Long-term investments -
Land -
Buildings (net of depreciation) -
Plant & equipment (net) $1,085,000
Furniture & fixtures (net) -
Total Net Fixed Assets $1,085,000
TOTAL ASSETS $6,705,808

LIABILITIES
Current Liabilities
Loan 2,000,000
Short-term notes -
Current portion of long-term notes -
Accruals & other payables -
Total Current Liabilities $2,000,000

Long-term Liabilities
Mortgage -
Other long-term liabilities -
Total Long-term Liabilities

SHAREHOLDERS' EQUITY
Capital A, $4,705,808
Withdrawal, A
Total Shareholders' Equity $4,705,808
TOTAL LIABILITIES & EQUITY $6,705,808
 2022 2023 2024

2,500 3,375 4,556

3,750 5,063 6,834
3,750 5,063 6,834
5,000 6,750 9,113

15,000 20,250 27,338

1,250,000 1,856,250 2,278,125

1,500,000 2,025,000 2,733,750
1,500,000 2,025,000 2,733,750
1,750,000 2,362,500 3,189,375

6,000,000 8,268,750 10,935,000

2022 2023 2024

6,000,000 8,268,750 10,935,000
- - -
6,000,000 8,268,750 10,935,000

2022 2023 2024

15,000 20,250 27,338

2500 3,375 4,556

3750 5,063 6,834
3750 5,063 6,834
5000 6,750 9,113
15,000 20,250 27,338

250 250 250

250 250 250
250 250 250
250 250 250
16,000 20,250 27,338
- 1,000 1,000
16,000 19,250 26,338

₱ 300.00 ₱ 345.00 ₱ 396.75

 ₱ 300.00 ₱ 345.00 ₱ 396.75

16000.00 19250 26338

$ 4,800,000 $ 6,641,250 $ 10,449,602

2022 2023
Needed per Units to be
Price per unit Price per unit Cost
unit produced
₱70.00 grams ₱262,500.00 200g 5063
₱60.00 grams ₱225,000.00 200g 5063
₱55.00 grams ₱275,000.00 300g 6750
₱20.00 grams ₱50,000.00 100g 3375
₱25.00 ₱62,500.00 100g 3375
₱20.00 ₱50,000.00 100g 3375
₱5.00 grams ₱75,000.00 50g 20,250
₱10.00 grams ₱150,000.00 50g 20,250
20,250
₱18.00 grams ₱270,000.00 250g 20,250
₱15.00 grams ₱225,000.00 50g 20,250
₱30.00 grams ₱450,000.00 100g 20,250
₱10.00 mL ₱150,000.00 10g 20,250
₱35.00 g ₱525,000.00 50g 20,250
₱30.00 ₱450,000.00 30g 20,250
₱5.00 ₱75,000.00 5g
20,250
₱80.00 mL ₱1,200,000.00 400 mL
20,250
₱4,495,000.00

$ 4,800,000 $ 6,641,250 $ 10,449,602

2022
Q1 Q2 Q3 Q4 Q1
₱ - ₱ 600,000.00

₱ 600,000.00 ₱ 600,000.00 830,156

₱ 600,000.00 ₱ 600,000.00
₱ 600,000.00 ₱ 600,000.00
₱ 600,000.00
600,000 1,200,000 1,200,000 1,200,000 1,430,156
4,200,000
 Monthly Allowance 13th month pay and othTotal Annual Pay
- 8000 104,000
3,000 20,000 296,000
- 15,000 195,000
- 8000 104000
8000 104,000
8000
- 8,000 104,000
- 8,000 104,000
1,011,000
ses. Since, the restaurant doesn’t qualify for the application of Minimum Wage Law

2022 2023 2024

₱240,000.00 ₱276,000.00 ₱345,000.00

₱12,000.00 ₱13,800.00 ₱17,250.00
₱100,000.00 ₱115,000.00 ₱143,750.00
₱240,000.00 300,000 ₱375,000.00
₱120,000.00 138,000 ₱172,500.00
712,000 842,800 1,053,500

2022 2023 2024

- -
100000 115000 132250
-
15000 15000 15000
115,000 130,000 147,250

2022 2023 2024

6,000,000 5,620,808 4,740,856
6,000,000 8,268,750 10,935,000
12,000,000 13,889,558 15,675,856

4,200,000 6,411,094 9,973,558

1,011,000 1,011,000 1,011,000
 712,000 842,800 1,053,500
115,000 140,000 171,250
1,085,000 - -
₱7,123,000.00 ₱8,404,893.75 ₱12,209,308.00
4,877,000 5,484,664 3,466,548

2,231,424 1,487,616 743,808

(743,808) (743,808) (743,808)

1,487,616 743,808

5,620,808 4,740,856 2,722,740

2022 2023 2024

₱ 6,000,000.00 ₱ 8,268,750.00 ₱ 10,935,000.00

₱ - ₱ 300,000.00 ₱ 300,000.00
₱ 4,800,000.00 ₱ 6,641,250.00 ₱ 10,449,601.50
-₱ 300,000.00 ₱ 300,000.00 ₱ 300,000.00
₱ 4,500,000.00 ₱ 6,641,250.00 ₱ 10,449,601.50
₱ 1,500,000.00 ₱ 1,627,500.00 ₱ 485,398.50

₱ 115,000.00 ₱ 130,000.00 ₱ 147,250.00

₱ 85,000.00 ₱ 85,000.00 ₱ 85,000.00
₱ 1,300,000.00 ₱ 1,412,500.00 ₱ 253,148.50
₱ 77,141.33 ₱ 77,141.33 ₱ 77,141.33
₱ 1,222,858.67 ₱ 1,335,358.67 ₱ 176,007.17

2023 2024

4,740,856 2,722,740

$300,000 $300,000

$5,040,856 $3,022,740
$1,000,000 $925,000

$1,000,000 $925,000
$6,040,856 $3,947,740

$1,333,333 $666,667

$1,333,333 $666,667

$4,707,523 $3,281,073

$4,707,523 $3,281,073
$6,040,856 $3,947,740
 2023 2024
Price per Needed per Units to be
Price per unit Cost Price per unit
unit unit produced
₱80.50 grams ₱407,571.50 200g 6834 ₱92.58
₱69.00 grams ₱349,347.00 200g 6834 ₱79.35
₱63.25 grams ₱426,937.50 300g 9113 ₱72.74
₱23.00 grams ₱77,625.00 100g 4556 ₱26.45
₱23.00 grams ₱77,625.00 100g 4556 ₱26.45
₱23.00 grams ₱77,625.00 100g 4556 ₱26.45
₱5.75 grams ₱116,437.50 50g 27338 ₱6.61
₱11.50 grams ₱232,875.00 50g 27338 ₱13.23
27338
₱20.70 grams ₱419,175.00 250g 27338 ₱23.81
₱17.25 grams ₱349,312.50 50g 27338 ₱19.84
₱34.50 grams ₱698,625.00 100g 27338 ₱39.68
₱11.50 mL ₱232,875.00 10g 27338 ₱13.23
₱40.25 g ₱815,062.50 50g 27338 ₱46.29
₱34.50 ₱698,625.00 30g 27338 ₱39.68

₱5.75 ₱116,437.50 5g 27338 ₱6.61

₱92.00 mL ₱1,863,000.00 400 mL 27338 ₱105.80

₱6,959,156.00

2023 2024
Q2 Q3 Q4 Q1 Q2 Q3
830,156

830,156 1,306,200 1,306,200

830,156 830,156 1,306,200 1,306,200
830,156 830,156 1,306,200
830,156
1,660,313 1,660,313 1,660,313 2,136,357 2,612,401 2,612,401
6,411,094
 2024

Price per unit Cost

grams ₱632,657.55
grams ₱542,277.90
grams ₱662,856.84
grams ₱120,506.20
grams ₱120,506.20
grams ₱120,506.20
grams ₱180,772.53
grams ₱361,545.05
₱0.00
grams ₱650,781.09
grams ₱542,317.58
grams ₱1,084,635.15
mL ₱361,545.05
g ₱1,265,407.68
₱1,084,635.15

₱180,772.53

mL ₱2,892,360.40

₱10,804,083.08

24
Q4

1,306,200
1,306,200
2,612,401
9,973,558