Per Product Costing Cost of Goods Sold (COGS per product)

Direct Materials 460.2

Cost Per Unit 10.31 Products Produce 60.00 8
Markup (50%) 5.16 Direct Labor 2.00
Manufacturing
Selling Price 15.47 Factory Overhead 0.64 10.31

Bananalicious Company
Income Statement
Year 1 Year 2 Year 3

10% increase 10% increase

Annual Revenue from Selling 60 pcs of Banana fries x 5
days x 4 weeks x 12 @ P13.13 222,696 244,966
22,270 24,497
Sales 222,696 244,966 269,462
Less: Cost of Goods Sold/Cost of
Sales
Ingredients, Gas,
Direct Materials Packaging 110,448 121,493 133,642
Direct Labor 28,800 31,680 34,848

Manufacturing Overhead Electricity, Water,

Rent. Telephone 9,216 10,138 11,151
Total COGS/COS 148,464 163,310 179,641
Gross Profit 74,232 81,655 89,821

Less: Operating Expense

Office Supplies,
Operating Expense Transportation 1,500 1,650 1,815
Marketing Expense Ads, Promos 1,000 1,100 1,210
General and Administrative
Expense Salaries/Benefits 60,000 66,000 72,600
Total Operating Expenses 62,500 68,750 75,625
Operating Profit 11,732 12,905 14,196

Less:
Tax (40% of Operating Profit) 4,693 5,162 5,678
Net Profit After Taxes 7,039 7,743 8,517
 Bananalicious Company
Cash Flow Statement
Inflows Year 1 Year 2
Cash Beginning - 55,572
Capital Investments
Cash Sales (NET SALES) 222,696 244,966
Total Cash Inflows 222,696 300,538

Outflow
Payment of Raw Material 110,448 121,493
Payment
for Direct Payment of Labor 14,400 31,680
Costs Payment of Factory Overhead 1,152 10,138
Marketing Expense 1,000 1,100
Gen. and Admin. Expense 60,000 66,000
Operating Expense 1,500 1,650
Payment on Taxes - 4,693
Total Cash Outflows 133,500 236,753
ENDING BALANCE 89,196 63,784

COMPUTATION OF PRICE
Ingredients:
Banana 120.00
Flavourings 90.00
Cooking Oil 100.00

Total: 310.00
Packaging:
Plastic Wrapper 75.00
Candle 25.00
Print/Logo 50.00
Total: 150.00
Final Total: 460.00
Product Produced: 60
Cost Per Unit: 13.13

Cost Per Unit: 13.13

Labor Cost Per Unit: 1
Factory Overhead Cost Per Unit: 0.08
Total: 14.21
Mark-up (50%) 4.38
Final Price: 18.59
 Year 3
63,784

269,462
333,247

133,642
34,848
1,394
1,210
72,600
1,815
5,162
250,671
82,575