MONTHLY WORKING CAPITAL

A. COST OF DIRECT RAW MATERIALS

MATERIALS Unit UNIT COST QUANTITY TOTAL COST

Abaca fiber grams ₱ 320.00 0.25 ₱ 80.00

Beads grams ₱ 5.00

Pelon Cloth, standard

yard ₱ 50.00 0.05 ₱ 2.50
hard, 50 yards

Nylon # 15 grams ₱ 650.00 0.05 ₱ 32.50

Wood Glue, brand Stikwel

canister ₱ 185.00 0.12 ₱ 22.20
or its equivalent, 1 kg

G.I Wire # 18 rolls ₱ 390.00 0.1 ₱ 39.00

Welding Rod, 6013, 2.0

box ₱ 135.00 0.25 ₱ 33.75
mm, 1 kilo

Diesel Fuel for

liter ₱ 85.00 0.25 ₱ 21.25
decorticating machine

Abaca Palakpak kilograms ₱ 50.00 1 ₱ 50.00

P.E Plastic bag, 003

thickness, transparent, 10" pieces ₱ 3.00 1 ₱ 3.00
x 14"
TOTAL ₱ 201.70
labor 15.5

Good lumber, 1” x 2” x
piece ₱ 135.00 0.12 ₱ 16.20
10meters
Good lumber, 1.5” x 2” x
piece ₱ 195.00 0.12 ₱ 23.40
10meters

Plywood, marine, 1” thick,

piece ₱ 1,950.00 0.05 ₱ 97.50
4 ft x 68 ft

Nail, wood, 1 inch Kilograms ₱ 95.00 0.12 ₱ 11.40

Sand Paper, # 20 pieces ₱ 28.00 2 ₱ 56.00

20 pieces
₱ 1,600.00

₱ 100.00

₱ 50.00

₱ 650.00

₱ 444.00

₱ 780.00

₱ 675.00

₱ 425.00

₱ 1,000.00
20 15

₱ 60.00
15
₱ 4,034.00 20
487.5
MONTHLY WORKING CAPITAL

A. COST OF DIRECT RAW MATERIALS

MATERIALS Unit UNIT COST QUANTITY TOTAL COST

Diesel Fuel for 80 ₱ 6,800.00
liter ₱ 85.00
decorticating machine
Abaca Palakpak kilograms ₱ 70.00 150 ₱ 10,500.00
Dye canister ₱ 390.00 30 ₱ 11,700.00
G.I Wire # 18 kilograms ₱ 250.00 20 ₱ 5,000.00
Welding Rod, 6013, 2.0 30 ₱ 4,050.00
kilograms ₱ 135.00
mm, 1 kilo
Beads kilograms ₱ 35.00 14 ₱ 490.00
Pelon Cloth, standard 112 ₱ 5,600.00
yard ₱ 50.00
hard, 50 yards
Sewing Machine needle pieces ₱ 39.00 50 ₱ 1,950.00
Nylon # 15 kilograms ₱ 650.00 7 ₱ 4,550.00
Wood Glue, brand Stikwel 70 ₱ 12,950.00
canister ₱ 185.00
or its equivalent, 1 kg

P.E Plastic bag, 003

thickness, transparent, 10" pieces ₱ 3.00 300 ₱ 900.00
x 14"
₱ 64,490.00

DAILY

MATERIALS Unit UNIT COST QUANTITY TOTAL COST

Diesel Fuel for
liter ₱ 85.00 0.25 ₱ 21.25
decorticating machine
Abaca Palakpak kilograms ₱ 70.00 0.5 ₱ 35.00
Dye canister ₱ 390.00 0.1 ₱ 39.00
G.I Wire # 18 kilograms ₱ 250.00 0.05 ₱ 12.50
Welding Rod, 6013, 2.0
box ₱ 135.00 0.1 ₱ 13.50
mm, 1 kilo
Beads grams ₱ 35.00 0.05 ₱ 1.75
Pelon Cloth, standard
yard ₱ 50.00 0.4 ₱ 20.00
hard, 50 yards
Sewing Machine needle pieces ₱ 39.00 1 ₱ 39.00
Nylon # 15 kilograms ₱ 650.00 0.03 ₱ 19.50
Wood Glue, brand Stikwel
canister ₱ 185.00 0.25 ₱ 46.25
or its equivalent, 1 kg

P.E Plastic bag, 003

thickness, transparent, 10" pieces ₱ 3.00 1 ₱ 3.00
x 14"
₱ 250.75
LABOR / piece

pattern making/cutting/ 5.00

sewing bag interlining 5.00
weaving 5.00
sewing handles/zipper 5.00
welding frames 5.00
mould making 5.00
decorticating machine 3.00
dyeing 5.00
designing 5.00
packaging 5.00
₱ 48.00

TOTAL/DAY ₱ 298.75
mark up 50% 146.5
₱ 445.25

LABOR Quantity

Workers Assigned in G.I frames 4

Workers in preparing wooden mould 6

Workers Assigned in Pattern-making,

2
cutting & sewing of interlining

Workers Assigned in Pattern-making,

cutting & sewing of bag Handle and 2
zippers
Workers Assigned in decorticating
2
machine to produce abaca fiber

Workers Assigned in Dyeing 3

Workers Assigned in Weaving 6

Workers Assigned in Designing 4

Workers Assigned in Stipon, Drying

3
and Packaging

TOTAL 32
 20 bags 60 bags 80 bags QUANTITY

₱ 425.00 ₱ 1,275.00 ₱ 1,700.00 30

₱ 700.00 ₱ 2,100.00 ₱ 2,800.00 60
₱ 780.00 ₱ 2,340.00 ₱ 3,120.00 12
₱ 250.00 ₱ 750.00 ₱ 1,000.00 6
₱ 270.00 ₱ 810.00 ₱ 1,080.00 12
₱ 35.00 ₱ 105.00 ₱ 140.00 6

₱ 400.00 ₱ 1,200.00 ₱ 1,600.00 48

₱ 780.00 ₱ 2,340.00 ₱ 3,120.00 24
₱ 390.00 ₱ 1,170.00 ₱ 1,560.00 3.6
 ₱ 925.00 ₱ 2,775.00 ₱ 3,700.00 30

₱ 60.00 ₱ 180.00 ₱ 240.00 120

₱ 5,015.00 ₱ 15,045.00 ₱ 20,060.00

100.00 300 400

100.00 300 400
100.00 300 400
100.00 300 400
100.00 300 400
100.00 300 400
60.00 180 240
100.00 300 400
100.00 300 400
100.00 300 400
₱ 960.00 ₱ 2,880.00 ₱ 3,840.00

₱ 5,975.00 ₱ 17,925.00 ₱ 23,900.00

Maximum
Rate/Output Output to ne TOTAL COST
produced

₱10.00 280 11,200.00

₱10.00 280 16,800.00

₱5.00 280 2,800.00

₱5.00 280 2,800.00

₱5.00 150 1,500.00

₱5.00 150 2,250.00

₱5.00 150 4,500.00

₱5.00 280 5,600.00

₱5.00 280 4,200.00

₱ 51,650.00
 280 Bags
120 bags QUANTITY TOTAL COST
70 ₱ 5,950.00
₱ 2,550.00
₱ 4,200.00 140 ₱ 9,800.00
₱ 4,680.00 28 ₱ 10,920.00
₱ 1,500.00 14 ₱ 3,500.00
₱ 1,620.00 28 ₱ 3,780.00
₱ 210.00 14 ₱ 490.00
112 ₱ 5,600.00
₱ 2,400.00
₱ 936.00 50 ₱ 1,950.00
₱ 2,340.00 8.4 ₱ 5,460.00
 70 ₱ 12,950.00
₱ 5,550.00

280 ₱ 840.00
₱ 360.00
₱ 26,346.00 ₱ 61,240.00

600 2 1400
2
600 5 1400
600 2 1400
600 4 1400
600 6 1400
600 2 840
360 2 1400
600 4 1400
600 3 1400
₱ 4,560.00 ₱ 10,640.00

₱ 30,906.00 ₱ 32.00 ₱ 71,880.00

₱ 124,670.00
B. COST OF DIRECT LABOR

Labor Rate Quantity Total Cost

33 ₱ 300.00 120 bags produced ₱ 36,000.00
members

Total Cost of Direct Labor ₱ 36,000.00

OVERHEAD COST

PMT SUPERVISION/ADMINISTRATIVE STAFF

POSITION RATE PER DAY NO. OF DAYS TOTAL COST

Project Manager ₱ 310.00
Marketing Staff ₱ 310.00
Production Staff ₱ 310.00
Cashier ₱ 310.00
Financial Staff ₱ 310.00
Total Cost of Direct Labor
26 ₱ 8,060.00
20 ₱ 6,200.00
20 ₱ 6,200.00
20 ₱ 6,200.00
20 ₱ 6,200.00
₱ 32,860.00

2. UTILITIES
73780
UTILITIES COST
Electricity ₱ 2,000.00
Water ₱ 1,000.00
Load ₱ 500.00
TOTAL ₱ 3,500.00

3. HOUSEKEEPING SUPPLIES

ITEM UNIT COST QUANTITY TOTAL COST

Floor Mop ₱ 300.00 2 ₱ 600.00
Trash can 250.00 4 1,000.00
Dustpan 150.00 2 300.00
Sanitary Soap 25.00 2 50.00
TOTAL ₱ 1,950.00
4. OFFICE SUPPLIES c/o BLGU PAMURAYAN

ITEM UNIT COST QUANTITY TOTAL COST

Record book/ logbooks,
80.00 3 ₱ 240.00
300 pages
Ball Pen, box 250.00 1 ₱ 250.00
Pencil, box 100.00 1 ₱ 100.00
Correcton tape 45.00 6 ₱ 270.00
Permanent Marker 50.00 6 ₱ 300.00
White board marker 35.00 6 ₱ 210.00
White board, big 750.00 1 ₱ 750.00
Office Table 2,500.00 2 ₱ 5,000.00
Puncher, two-hole, for
250.00 1 ₱ 250.00
paper
Stapler #35 150.00 2 ₱ 300.00
Staple Wire # 35 50.00 2 ₱ 100.00
Bond Papers (A4) 250.00 6 ₱ 1,500.00
Bond Paper (Long) 270.00 6 ₱ 1,620.00
Bond Paper (short) 230.00 6 ₱ 1,380.00
Steel Cabinet, 5 layers 12,000.00 1 ₱ 12,000.00
Calculator, 12 digits,
250.00 2 ₱ 500.00
battery operated
₱ 24,770.00

PRE-OPERATING COST

Particulars Cost
Sponsored transportation for participants on SKILLS
₱ 5,000.00
ENHANCEMENT TRAINING ON ABACA HANDICRAFT
Permits and Registrations 200.00

Sponsor venue and meals for Productivity Seminar on

15,000.00
Abaca Handbag and Accessories Making
TOTAL ₱ 20,200.00
labor ₱ 128.57
direct cost ₱ 159.79
₱ 117.36

₱ -
TOTAL PROJECT COST

ITEMS TOTAL COST

CAPITAL OUTLAY

ITEM UNIT COST QUANTITY TOTAL COST

Multi-fiber Decorticating Machine (for
abaca) bolted decorticating blade, anvil
feeding and chute type protects the
operators hand when feeding, adjustable
strippiong bar, discharge waste deflector, 1
261,800.00 ₱ 261,800.00
portable, equipped with tires (mobile),
decorticate fibers at yield of 3.0-3.5% fiber
recovery, diesel-fuel, 7HP, brand new,
deliver at DOLE Provincial Office, City Hall
Compound, Cabid-an, Sorsogon.

Sewing machine Heavy duty high-speed

industrial, with table and stand, all brand 25,300.00 2 ₱ 50,600.00
new and in good condition

Portable Welding Machine, 50/60 HZ,

9KVA 2-3mm, 5.1kgs, brand new and in 8,580.00 2 ₱ 17,160.00
good condition, 220 volts
Welding Gloves, material: Leather, heat 2
495.00 ₱ 990.00
resistant, 16 inches

Safety shoes high cut steel Toe, brand 2

1,375.00 ₱ 2,750.00
new

Welding Mask, adjustable heavy duty face 2

352.00 ₱ 704.00
shield, anti-fog and long lasting.

Metal Propeller Type Industrial Blade

Ceiling Fan, 42 inches blade, 3 speeds,
220 V, with thermal fuse, wall mounted 2,805.00 4 ₱ 11,220.00
rotary switch, brand new and in good
condition
Extension Wires, 10 meters, heavy duty, 4
gang, flat cord #16, brand new and in 528.00 4 ₱ 2,112.00
good condition

Digital Weighing Scale, 30 kgs capacity,

heavy duty, price computing, 1
2,090.00 ₱ 2,090.00
electronic/rechargeable, brand new and in
good condition

Digital kitchen scale gram, 3000 grams 1

1,430.00 ₱ 1,430.00
capacity, brand new and in good condition

Industrial Utility Pail, Plastic, capacity 20

liters 429.00 6 ₱ 2,574.00

Cutter 385.00 2 ₱ 770.00

Wood hand saw, big, 20 inches long, 2
495.00 ₱ 990.00
rubber handle
Wood hand saw, small, 12 inches long, 2
385.00 ₱ 770.00
rubber handle

Galvanized scissors, 8 inches, heavy duty 539.00 4 ₱ 2,156.00

Hammer 495.00 4 ₱ 1,980.00

Bolo, galvanized, wood handle, 16 inches 528.00 2 ₱ 1,056.00

Storage box, 120L with wheels and lid 1,056.00 6 ₱ 6,336.00

Caldero big handle, 20 liters capacity, 40 3

2,329.80 ₱ 6,989.40
cm diameter

Bleach, Zonrox original scent or its 2

302.50 ₱ 605.00
equivalent/ 3785 ml

Folding table- measurement 8ft x 4ft : 5

1,848.00 ₱ 9,240.00
Lifetime or its equivalent

Hand press Eyelet Puncher Mold 12 mm

Eyelet # 3, brand new and in good 1,815.00 2 ₱ 3,630.00
condition

5 layer glass door display shelf- each layer

with 24 inches width, height 16 inches , - ₱ -
length: 36 inches, metal frame and flooring

Three ring Burner, heavy duty, 35 cm. 2

1,095.60 ₱ 2,191.20
diameter

LPG Tank with regulator, hose and clamp, 2

6,380.00 ₱ 12,760.00
11 kg capacity

Monoblock chair, stackable/ color White/

Back Rest HT- 780 mm/ front legs
distance- 355mm/ Seat HT- 375mm/ seat 15
742.50 ₱ 11,137.50
length- 355 mm/ side legs distance- 365
mm/ Seat width 370- mm/ Gross Weight-
2.28 kg.

₱ 414,041.10
NOTES TO INCOME STATEMENT

Note # 1 Sales

PREVAILING Estimated Salable Estimated Per Estimated Sales

CUSTOMERS VOLUME PRICE
PRICE Bags Month Annually

20 bags/ Month 7,000.00 84,000.00

20 bags/ Month 7,000.00 84,000.00

20 bags/ Month 7,000.00 84,000.00

20 bags/ Month 200.00 350.00 7,000.00 84,000.00

20 bags/ Month 7,000.00 84,000.00

20 bags/ Month 7,000.00 84,000.00

20 bags/ Month 7,000.00 84,000.00

 20 bags/ Month 7,000.00

20 bags/ Month 7,000.00

20 bags/ Month 200.00 7,000.00

20 bags/ Month 7,000.00

20 bags/ Month 7,000.00

TOTAL Estimated Sales 84,000.00 588,000.00

Note # 2 Direct Labor

COST OF DIRECT LABOR

LABOR RATE DAYS TOTAL COST MONTHS ANNUAL
33 310.00 4 40,920.00 12 491,040.00
TOTAL DIRECT LABOR 491,040.00

Note # 3 Direct Materials

15 sacks
Pre-Starter Feeds 1,781.50 26,722.50
(25kg/bag)
15sacks
Starter Feeds 2,129.50 (50kg/bag) -
 90 sacks
Grower Feeds 1,974.25 177,682.50
(50kg/bag)
120 sacks
Finisher Feeds 1,784.25 214,110.00
(50kg/bag)
Refined Salt 0.02 1,440 gms 28.80
(Tocino/Longganisa)

Curing Salt
0.25 160 gms 40.00
(Tocino/Longganisa)

Phospate
(Tocino/Longganisa) 0.50 320 gms 160.00

Vitamin C Powder
0.50 80 gms 40.00
(Tocino/Longganisa)

Isolate 0.50 1280 gms 640.00

(Tocino/Longganisa)

Carageenan
0.60 200 gms 120.00
(Tocino/Longganisa)

Refined Sugar
(Tocino/Longganisa) 0.05 8960 gms 448.00

Anisado Wine
0.07 12160 gms 851.20
(Tocino/Longganisa)

Garlic
0.12 2240 gms 268.80
(Tocino/Longganisa)

Meat Tenderizer
0.50 200 gms 100.00
(Tocino/Longganisa)

Meat Enhancer 0.50 40 gms 20.00

(Tocino)

Pineapple Juice 1.00 1280 gms 1,280.00

 Vetsin 0.25 80 gms 20.00

Textured Vegetable 0.75 3840 gms 2,880.00

protein

Black Pepper 0.25 960 gms 240.00

Soy Sauce 0.06 1440 gms 86.40

Vinegar 0.05 1920 gms 96.00

Natural Hog Casing or

Collagen Casing 50.00 4.8 kgs 96.00
(Longanisa)
Pig Multi-Vitamins
1,252.00 20 25,040.00
(100ml) - Iron
Pig Vitamins
1,120.00 3 3,360.00
(100ml) -
Pig Dewormer
1,100.00 7 7,700.00
Starter (100ml)
TOTAL 493,972.70
Note # 4 Transportation

TRANSPORTATION MONTHLY ANNUALLY

Gasoline 2,500.00 30,000.00

Note # 5 Administrative Salary

POSITION RATE DAYS MONTHLY ANNUALLY

Manager 310.00 26 8,060.00 96,720.00
Cashier 310.00 20 6,200.00 74,400.00
Production Staff 310.00 20 6,200.00 74,400.00
Marketing Staff 310.00 20 6,200.00 74,400.00
Financial Staff 310.00 20 6,200.00 74,400.00
TOTAL 32,860.00 394,320.00

Note # 6 Utilities
 UTILITY UNIT COST QUANTITY MONTHLY ANNUALLY
Electricity ₱ 2,000.00 1 2,000.00 24,000.00
Water ₱ 1,000.00 1 1,000.00 12,000.00
Load Allowance ₱ 500.00 1 500.00 6,000.00
TOTAL 3,500.00 42,000.00
Note # 8 Other Expenses
ITEM UNIT COST QUANTITY TOTAL COST ANNUALLY
Record book/ logbooks, 240.00 2,880.00
80.00 3
300 pages
Ball Pen, box 250.00 1 250.00 3,000.00
Pencil, box 100.00 1 100.00 1,200.00
Correcton tape 45.00 2 90.00 1,080.00
Permanent Marker 50.00 2 100.00 1,200.00
White board marker 35.00 2 70.00 840.00
White board, big 750.00 1 750.00 9,000.00
Office Table 2,500.00 2 5,000.00 5,000.00
Puncher, two-hole, for 250.00 250.00
250.00 1
paper
Folder, White, Legal 120.00 1,440.00
12.00 10
Size
Stapler #35 150.00 1 150.00 150.00
Staple Wire # 35 50.00 1 50.00 600.00
Bond Papers (A4) 250.00 1 250.00 3,000.00
Bond Paper (Long) 270.00 1 270.00 3,240.00
Bond Paper (short) 230.00 1 230.00 2,760.00
Steel Cabinet, 5 layers 12,000.00 1 12,000.00 12,000.00
Calculator, 12 digits, 500.00 500.00
250.00 2
battery operated
Housekeeping Supplies 2,500.00 2,500.00 2,500.00
TOTAL 22,920.00 50,640.00

Note # 9 Depreciation
 ESTIMATED
Equipment Amount QTY TOTAL DEP
LIFE

Multi-fiber Decorticating
Machine (for abaca)
198,000.00 1 7 28,285.71

Sewing machine Heavy

duty high-speed
23,500.00 2 5 9,400.00

Portable Welding
8,000.00 2 3 5,333.33
Machine

Metal Propeller Type

Industrial Blade Ceiling 2,600.00 4 5 2,080.00
Fan

Digital Weighing Scale,

30 kgs capacity
2,200.00 1 2 1,100.00

Digital kitchen scale

gram, 3000 grams
capacity, brand new and
1,300.00 1 2 650.00
in good condition

Folding table-
measurement 6ft x 76.2
cm : Lifetime or its
3,500.00 4 5 2,800.00
equivalent

Hand press Eyelet

Puncher Mold 12 mm
Eyelet # 3, brand new
3,500.00 2 5 1,400.00
and in good condition
 5 layer glass door
display shelf- each layer
with 24 inches width,
height 16 inches ,
7,000.00 5 5 7,000.00
length: 36 inches, metal
frame and flooring

Three ring Burner, heavy

duty, 35 cm. diameter
2,500.00 3 5 1,500.00

TOTAL 16,530.00

Note # 11 Depreciation Building

ESTIMATED DEP EXPENSE

PARTICULARS AMOUNT
LIFE ANNUALLY

BUILDING 350,000.00 15 23,333.33

 MATERIALS Unit
Abaca Palakpak kilograms 77.00

Dye, non-food,
300grams/canister, color: red canister 429.00
basic

Dye, non-food,
300grams/canister, color: canister 429.00
Victoria green

Dye, non-food,
300grams/canister, color: canister 429.00
Rhodamine b

Dye, non-food,
300grams/canister, color: canister 429.00
yellow ao

Dye, non-food,
300grams/canister, color: Blue canister 429.00
BM

Dye, non-food,
300grams/canister, color: canister 429.00
Methyl Violet

Dye, non-food,
300grams/canister, color: canister 429.00
Brown 1

Dye, non-food,
300grams/canister, color: canister 429.00
Orange Basic

Dye, non-food,
300grams/canister, color: Rosa canister 429.00
Pink

Dye, non-food,
300grams/canister, color: canister 429.00
Fuchsine powder

G.I Wire # 18 roll 4,180.00

Welding Rod, 6013, 2.0 mm, 1

kilograms 148.50
kilo

Pelon Cloth, standard hard, 50

yard 55.00
yards

Thread, black, rolls, large piece 75.35

Thread, white, rolls, large piece 75.35

Thread, red, rolls, large piece 75.35

Thread, blue, rolls, large piece 75.35

Thread, green, rolls, large piece 75.35

Thread, yellow, rolls, large piece 75.35

Zipper for bags # 32, color:

black, pieces piece 41.80

Zipper for bags # 32, color:

white, pieces piece 41.80

Fabric Sewing Scissors, 12

inches piece 404.80

Fabric Sewing Scissors, 8”

inches, piece 242.00

Sewing Machine needle # 12 pieces 42.90

Sewing Machine needle # 14 pieces 42.90

Sewing Machine needle # 16 pieces 42.90

Wood Glue, brand Stikwel or its

canister 203.50
equivalent, 1 kg

P.E Plastic bag, 003 thickness,

pieces 3.30
transparent, 10" x 14"
QUANTITY TOTAL COST
150 ₱11,550.00

2 ₱858.00

2 ₱858.00

2 ₱858.00

2 ₱858.00

2 ₱858.00

2 ₱858.00

2 ₱858.00

2 ₱858.00

2 ₱858.00

2 ₱858.00

2 ₱8,360.00

30 ₱4,455.00

112 ₱6,160.00

3 ₱226.05
 3 ₱226.05

3 ₱226.05

3 ₱226.05

3 ₱226.05

3 ₱226.05

100 ₱4,180.00

100 ₱4,180.00

6 ₱2,428.80

6 ₱1,452.00

15 ₱643.50

15 ₱643.50

15 ₱643.50

70 ₱14,245.00

300 ₱990.00

₱64,490.00