Final Docu. of Fashion To Function Revised

FASHION TO FUNCTION
Company Logo
Variant 1 Variant 2
Company Mission
Fashion to Function is committed to creating high-quality products that will remain the
best choice for our customers' daily and social life.
Company Vision
To be the leading student-managed company that inspires creativity and practicality.
Company Core Values

Activeness, Responsibility, Teamwork.
Slogan
“ Ready to go”
Product Description
Satchel is one of the most essential of all bag designs. It is sewn on two sides to form and
has looped handles attached to either side of the aperture. The base, side panels, inner and
external pockets can be added to this basic part to strengthen it.
These satchels are reusable and eco-friendly, which means it can be used for shopping,
occasions, school, work, and many other activities. These bags are convenient, with excellent
quality to make them comfortable to carry. The main material of the product is corduroy, a
strong, durable fabric with a rounded cord, rib, or wale surface formed by cut pile yarn. It is
designed to be modern and minimalist, while keeping the customizability, comfort and capacity
for personal items.
Features and Designs

ISABELA STATE UNIVERSITY
College of Education
Echague, Isabela
Charter Application and Bylaws
Company President’s Information
President: Heinrich Emanuel B. Galabay
Email: heinrichgalabay@gmail.com
Phone: 09360581983
Address: District 1, Reina Mercedes, Isabela
City: Reina Mercedes
Postal code: 3303
Meeting Location: San Fabian, Echague, Isabela
Time/Day: 3:00 PM Today’s Date: October 04, 2022

Company Program Charter
We, the undersigned charter members, and volunteers, do hereby petition our ISU Area Office
for a charter to operate F2F Company Program under the official policies of ISU MINI
COMPANY and the following bylaws.
Bylaws
Article I. Membership: Members must own as least one share of stock. Any member absent
from three successive meetings shall be dropped. Members also may be dropped for cause by a
two-thirds vote of the board. A member may be reinstated upon recommendation of the president
and a majority vote of the board.
Article II. Stockholders: This company is owned by stockholders. A stockholder may hold no
more than two shares, and a family may hold no more than three shares of stock in this company.
Stockholder meetings may be called by the board of directors.
Article III. Board of Directors: Control of this company is vested in a board of directors,
consisting of the membership of the company. A quorum shall consist of one-half of the board. A
majority shall decide any question.
Article IV. Management: A management team composed of the president and an officer of each
department shall carry out the directives of the board.
Article V. Compensation: The minimum wage shall be 25 PHP per hour. The minimum salary
for elected officers shall be 50 PHP per meeting, or a 400 PHP monthly salary. No company
member shall be paid for the first meeting. A commission of least 10 percent shall be paid for
sales.
Article VI. Finance: Checks must be signed by one officer and countersigned by the volunteer.
Article VII. Operation: The company shall restrict its activities to the territory of the local
Fashion to Function Area Office and shall terminate operations within the prescribed time limit.
Article VIII. Products and Events: The products and events must be approved by the Chief
Executive Officer. They shall have value added by the company employees. The manufacture,
assembly, and use of Fashion to Function company products or events shall not present a hazard
to consumers or employees.
Article IX. Amendments: These bylaws may be amended by a two-thirds vote of the Board of
Directors and the approval of the local Fashion to Function Area Office.
An ISU charter company, F2F (Fashion to Function) agrees to the aforementioned bylaws.
All members attending Meeting Two are required to sign.
Full Name Address Post Area Phone Email

Code Code Number
Gervill Agtarap Dubinan West, 3311 +63(0)78 09996539393 kinggervill@gm
Santiago, Isabela ail.com
Leah Arnee Cabugao, 3309 +63(0)78 09551896367 alejandroleaharn
Alejandro Echague, Isabela ee@gmail.com
Steve Justine San Fabian, 3309 +63(0)78 09270810560 steveandres2009
Andres Echague, Isabela @gmail.com
Gilbert Paul San Fabian, 3309 +63(0)78 09674066728 gmobabaran@g
Babaran Echague, Isabela mail.com
Patrixia Anne San Fabian, 3309 +63(0)78 09491709801 patrixiababaran

Babaran Echague Isabela @gmail.com
Heinrich Reina Mercedes, 3303 +63(0)78 09360581983 heinrichgalabay
Emmanuel Isabela @gmail.com
Galabay
Precious Jana San Fabian, 3309 +63(0)78 09361584271 pjanagarcia@gm
Garcia Echague, Isabela ail.com
Phoemela Annafunan, 3309 +63(0)78 09056586528 alexagumpal20
Alessandra Echague, Isabela @gmail.com
Gumpal
Stephanie Lim San Fabian, 3309 +63(0)78 09366557102 deguzmanlimste
Echague, Isabela phanie@gmail.c
om
King Benhur Batal, Santiago, 3311 +63(0)78 09293909947 kingbenhurlopez
Lopez Isabela 523@gmail.com
Jenielle Pangan San Fabian, 3309 +63(0)78 09452248585 jenielleviannp@
Echague, Isabela gmail.com
John Michael Gucab, Echague 3309 +63(0)78 09262370712 johnmichaeltacca
Taccaban Isabela ban@gmail.com
Zyril Anne Taggapan, 3309 +63(0)78 09812464999 zyrilvillanueva23
Villanueva Echague, Isabela @gmail.com
Corporate Secretary
Echague, Isabela
Product Approval Application
Company Name: Fashion to Function (F2F)
VP of HRM: Steve Justine Andres
Email: steveandres2009@gmail.com
Date: September 28, 2022
Address: Camarag Village, San Fabian, Echague, Isabela
City: Echague
Philippine Postcode: 3309
Meeting Location: Isabela State University Senior High School Building
Time/Day: 3:00pm/tuesday
Brief description of product or event: The signature product is a satchel made of corduroy, a
fabric usually used for making seat covers and pants. It is designed to be modern and minimalist,
while keeping the customizability, comfort and capacity for personal items.
Send this form AFTER you have selected your product. YOU MUST OBTAIN PRODUCT
APPROVAL BEFORE PRODUCTION submitted by standard mail or email.
Email is preferred. You will receive a response within 24 to 48 hours, either approving or
rejecting your Philippine Company product.
Echague, Isabela
ROSTER OF INCORPORATIONS
NAME/ SIGNATURE SCHOOL ADDRESS AGE YEAR
AGTARAP, GERVILL Z. ISU-E P-4 DUBINAN WEST, 17 2022 - 2023

SANTIAGO, ISABELA
ALEJANDRO, LEAH ISU-E P-7 CABUGAO, 17 2022 - 2023

ARNEE G. ECHAGUE, ISABELA
ANDRES, STEVE ISU-E P-6 SAN FABIAN, 18 2022 - 2023

JUSTINE S. ECHAGUE, ISABELA
BABARAN, GILBERT ISU-E P-1 SAN FABIAN, 17 2022 - 2023

PAUL O. ECHAGUE, ISABELA
BABARAN, PATRIXIA ISU-E P-2 ISU STAFF HOUSING, 17 2022 - 2023

ANNE R. SAN FABIAN, ECHAGUE,
ISABELA
GALABAY, HEINRICH ISU-E P-5 SAN FABIAN, 17 2022 - 2023

EMMANUEL B. ECHAGUE, ISABELA
GARCIA, PRECIOUS ISU-E P-5 SAN FABIAN, 17 2022 - 2023

JANA M. ECHAGUE, ISABELA
GUMPAL, PHOEMELA ISU-E P-1 ANNAFUNAN, 17 2022 - 2023

ALESSANDRA C. ECHAGUE, ISABELA
LIM, STEPHANIE D. ISU-E P-6 SAN FABIAN, 17 2022 - 2023
ECHAGUE, ISABELA
LOPEZ, KING BENHUR ISU-E P-4 ST. JAMES, BATAL, 17 2022 - 2023
C. SANTIAGO, ISABELA
PANGAN, JENIELLE ISU-E P-5 SAN FABIAN, 17 2022 - 2023

VIANN M. ECHAGUE, ISABELA
TACCABAN, JOHN ISU-E P-1 GUCAB, ECHAGUE, 18 2022 - 2023

MICHAEL M. ISABELA
VILLANUEVA, ZYRIL ISU-E P-6 TAGGAPAN, 17 2022 - 2023

ANNE C. ECHAGUE, ISABELA
Echague, Isabela
Business Plan Overview
Company Mission:
Fashion to Function is committed to creating high-quality products that will remain the
best choice for our customers' daily and social life.
Company Vision:
To be the leading student-managed company that inspires creativity and practicality.
Officer Wage:
Target Market:
The company’s primary target market includes the cluster of students, teachers, and
everyone willing to consume our products. The company does not limit the scope of their market
for the people who are seeking to buy fashionable and functionable bags.
Product: Corduroy Satchel
Product Price:
250 PHP
Break-Even Point:
62 units
Product Sales Goal:

To reach a goal of 40 units sold, each company member must sell at least three units.
Additional Items: NA
Echague, Isabela
Human Resources Business Plan
The Human Resources Business Plan must be completed and attached to the company Business
Plan for Meeting Five.
Note: Wages are not paid for the first meeting, as this time is used for company
organization.
Wages for company officers will be PHP 25.00/hour.

Projected Wages:
Monthly Officer Wage ________
Number of officers (X) 5 Officers
Officer Wages Per Hour: PHP ____ (8 meetings * 2 hours = 16 hours)
Total Wages: _____ * 5 officers = ________
Company Bylaws
(List the bylaws that company employees have decided to adopt.)
Article I. Membership: Members must own as least one share of stock. Any member absent
from three successive meetings shall be dropped. Members also may be dropped for cause by a
two-thirds vote of the board. A member may be reinstated upon recommendation of the president
and a majority vote of the board.
Article II. Stockholders: This company is owned by stockholders. A stockholder may hold no
more than two shares, and a family may hold no more than three shares of stock in this company.
Stockholder meetings may be called by the board of directors.
Article III. Board of Directors: Control of this company is vested in a board of directors,
consisting of the membership of the company. A quorum shall consist of one-half of the board.
A majority shall decide any question.
Article IV. Management: A management team composed of the president and an officer of each
department shall carry out the directives of the board.
Article V. Compensation: The minimum wage shall be 25 PHP per hour. The minimum salary
for elected officers shall be 50 PHP per meeting, or a 400 PHP monthly salary. No company
member shall be paid for the first meeting. A commission of least 10 percent shall be paid for
sales.
Article VI. Finance: Checks must be signed by one officer and countersigned by the volunteer.
Article VII. Operation: The company shall restrict its activities to the territory of the local
Fashion to Function Area Office and shall terminate operations within the prescribed time limit.
Article VIII. Products and Events: The products and events must be approved by the Chief
Executive Officer. They shall have value added by the company employees. The manufacture,
assembly, and use of Fashion to Function company products or events shall not present a hazard
to consumers or employees.
Article IX. Amendments: These bylaws may be amended by a two-thirds vote of the Board of
Directors and the approval of the local Fashion to Function Area Office.
Echague, Isabela
Finance Business Plan
The finance Department is not required to produce a separate Business Plan because the entire
Fashion to Function participates in determining the product price and break even point, or the
product evaluation.
The product evaluation form must be included in the overall company Business Plan. The
Finance Department must complete and attach the Product Evaluation Form to the company
Business Plan.
Echague, Isabela
Product Evaluation Form
Step 1:
Determine fixed costs
Fixed costs are the business expenses that remain the same, regardless of the number of products
produced or services provided. Wages, rent, marketing expenses, and equipment are examples of
fixed costs.
The sample table below illustrates the fixed costs encountered by most ISU mini companies. It
assumes a company of 10 employees meeting 12 weeks.
(Please note: wages are not paid for the first meeting.)
Expenses Fashion to Function

16 hours, ___ PHP per employee, (8 employees
A. F2F company employees’ wages (8 x ____ PHP = ______ PHP)
x 2 hours meetings @ ___ PHP/hour)
___ PHP per officer,
B. F2F officers wages (8 meetings @ __ (5 officers x ____ PHP = ______ PHP)
PHP/ meeting)
C. Rent and other fixed expenses, paid NA

to local F2F Area Office with sales tax
upon liquidation
D. Marketing supplies 400 PHP
E. Other 2000 PHP

F. Total fixed costs 6960 PHP
The Human Resources Department can tell you what the agreed-upon wage structure is. For
Fashion to Function, the wage structure does not differ from the one previously noted; it is the
same as the wage structure specified in the Charter/Bylaws. The Marketing Department should
recommend a marketing budget.
Note: Wages are variable costs because the number of workers and hours needed to produce an
item or good can vary as demand increases or decreases. In Fashion to Function, however,
workers typically are “employed” for a fixed number of hours. As a result, it is convenient to
think of wages as a fixed cost for the purposes of this exercise.
Step 2:
Determine variable costs
The company’s variable costs are the expenses that fluctuate or “vary” with the number of goods
produced and sold. For example, a company selling prepackaged candy will spend more on
material as production increases. Variable cost can be related to both production and the sales
process. For each unit sold, your company will have to pay sales commissions and sales tax. In
Step 3 on the following page, you will have an opportunity to calculate these sales-related
variable costs.
The following worksheet will help you estimate the variable cost of material when additional
units are produced. With assistance from the Production Department, you will estimate your
company’s material costs using the chart below.
Product Fashion to Function
A. Projected total cost of materials 5500 PHP
B. Divided by the number of units 40 UNITS
C. Material cost per unit 137.5 PHP

Step 3:
Determine prices
Now that you have determined the fixed and variable costs for your product, you can establish a
profitable price.
The following chart will help you determine your gross profit per unit at various test prices.
Gross profit is the difference between the price and the variable costs of producing and selling
your product.
● Enter one high and one low test price for your product. Include sales tax.
● Use the material cost per unit from Step 2.
● Calculate your gross profit per unit at different prices.
Test Test
Price #1 Price #2
A. Net price per retail unit 250 PHP 300 PHP
Variable Costs
B. Sales commissions (10%) -25 -30
C. Sales tax -12.5 -15
D. Material cost per unit -137.5 -137.5
(Step 2)
E. Gross per unit 75 PHP 117.5 PHP
Instructions:
Line A. Enter two test prices for your product. One price should be “high,” and the other “low.”
Line B. Enter the 10 percent sales commission cost.
Line C. Enter the city and state sales tax amount. In the example, the sales tax rate was five
percent (150 PHP x .0.05 = 7.5).
Line D. Enter the materials cost per unit from Step 2, Line C. Subtract Lines B, C, and D from
Line A, and enter the result on Line E.
Line E. This is your gross profit per unit—the difference between your price and the variable
costs per unit of production and sales.
Step 4:
Determine the break-even point
A break-even analysis frequently is used by manufacturing companies to set prices. It helps a
company determine the number of units that must be sold to cover costs (or break even).
Test Price #1 Test Price #2
Fixed Cost 6960 PHP 6960 PHP
Divide the Gross Profit per Unit 75 117.5
Break-Even Point (units) 93 units 60 units
Individual and Group Sales Goal

After you calculate the break-even point for the desired price, determine how many units each
employee will need to sell to break even. What about making a profit? After you reach the
break-even point, your company begins to make a profit. The more you sell, the more sales
commission you earn!
Individual sales goal: _____________________________________________
Group sales goal: ________________________________________________

Echague, Isabela
Production Business Plan
The plan must be completed and attached to the final, comprehensive company Business Plan for
Meeting Five.
As members of the Production Department, you must establish a process to ensure that all
customers receive high-quality products. You need to decide on the “how, where, and who” of
product selection. Your plan should describe:
● The selected production processes.

● The quality-control procedures that will be put in place.
● The company’s production-goal schedule, including beginning and ending dates.
● The cost of packaging, labeling, and marketing the product.
Company Quality-Control Procedures

Use this form to brainstorm your company’s step-by-step production process, including regular
quality checks. You will use this information to complete the final version of the Production
Record.
CORDUROY SATCHEL
Production Schedule
Date and list of materials that need to be ordered: first week of October
Materials:
Corduroy fabric
Threads
Patches
Sticker
Paper bags
Date(s) that product components will be complete:

October 01- November 20, 2022
Production Goals
Our production goal is to make 40 satchel by November 19.

To achieve this goal, 2 production workers will need to work 8 hours.
Our goal is to have the service package/planning completed by November 20, 2022.
Packaging
We will package our products using brown paper bag with twist handle.
The packaging cost per product is PHP 10.00
The total packaging cost based on our production goal is PHP 400.00
Goals Meeting 1 Meeting 2 Meeting 3 Meeting 4
Goals of 10 10 10 10
Products
Produced
Actual
Products
Produced
Total Actual Units Produced:

Echague, Isabela
Marketing Business Plan
The marketing business plan establishes the methods that the company will use to accomplish
our goals. The process of marketing includes finding, understanding and meeting the needs of the
customer, as well as building the public awareness of the brand.
Marketing Analysis
Fashion To Function is a business brand that offers high-quality products that will remain the
best choice for our customers' daily and social life. The main purpose of our product is to serve
as an easy carryall, especially now that face-to-face classes are now lifted and also during those
busy days spent shopping or running errands. Our product comes in different shapes, and colors
which fit all sorts of occasion and purpose. Fashion to Function is motivated to use eco-friendly
satchels as an alternative to using plastic bags. Our product is innovative but also fashionable so
that the target market will be motivated to use eco-friendly satchels. Fashion To Function
understands that establishing this type of business is not easy because of the fact that we have a
lot of competitors, that’s why our company’s ultimate goal is to help our environment, that is a
significant reason to push through with the venture. In addition to this, our company’s long-term
goal is to make our brand popular and to reduce the use of plastic bags.
Marketing Strategy
● Distribution
The company satchels’ target market includes the cluster of students, teachers, and everyone
willing to consume our products. The company does not limit the scope of their market for the
people who are seeking to buy fashionable and functionable bags.
Fashion To Function will sell its products primarily by selling personal and online selling.
Personal selling allows the company for details and personal interaction between the sales team
and the potential buyer. Personal selling also gives our sales team the chance to individually
address any concerns and questions. Potential customers may have to move them closer to
purchase our product. Additionally, online selling is much more convenient nowadays. Wherein
customers can also purchase via online through different shopping platforms and social medias
like Facebook, Instagram, Twitter, Shopee and many more.
● Advertising/ Marketing
Determining the sales and marketing strategy is important to the company. Advertising is
important because it can drive our business growth. Without advertising we will be unable to
sustain the business and expand it in the next level that the company intends to. It would also
help the company to set us apart from our competitors and also allows us to favorably compete
with them. Without doing the right marketing strategies it will lead our company to a lot of
customers disappointment and potential ones will not be interested.
Therefore, the marketing and sales strategies that we will intend to adopt for are;
● Word of mouth
● Advertise our product on our social media platform like Facebook, Instagram, Twitter
and Tiktok
● Encourage our potential buyers through discounts especially those who want to order in
bulk for birthdays, weddings, and for corporate parties giveaways.
Moreover, all of our advertising materials will be (posters, via the internet, markers etc.) that will
cost us a total of zero.
● Sales Goals
To reach our goal of 40 units sold, each member of the company will need to sell at least 3-4
products.
Echague, Isabela
BREAKDOWN OF EXPENSES
(ANALYSIS FOR PACKAGING)
Item name Item Pieces Price

measurement
Paper bag 13.5 x 11 40 7 PHP

inches
Sticker 2 x 6 inches 40 3 PHP
Costing Per Packaging
Item name Item measurement Pieces Price
Paper bag 13 x 11 inches 40 280 PHP
Sticker 2 x 6 inches 40 120 PHP
TOTAL 400 PHP
Target Production Packaging per bag Total
40 bags 10 PHP 400

Echague, Isabela
Board of Directors Minutes
ISU Mini Company: Fashion to Function Co. Date: September 20, 2022
President or Presiding Officer: Heinrich Emmanuel B. Galabay
Minutes recorded by: Stephanie D. Lim Number of members present: 13
Call to Order: The meeting was called to order at 4:30 pm (time).
Approval of Minutes: The Human Resources representative reads the minutes from the previous
Board of Directors meeting.
/ Minutes were approved _______ Approved with corrections
Corrections: N/A
Old Business: (unfinished business from previous meeting) N/A
New Business: Election of different Vice Presidents and Corporate Secretary,

Suggestions for possible products
Officer and Department Reports
● President
● VP of Production
● VP of Marketing
● VP of Finance
● VP of Human Resources
Summary: Generating concepts for possible products
Adjournment: The meeting was adjourned at 5:00 pm (time).
* The Board of Directors Minutes template is designed to be used as a guide through the
meeting. You will need additional space for recording “motions,” “seconds,” and department
reports. You may want to take company minutes on blank sheets of paper, then transfer the
minutes to this template.
Echague, Isabela
Corrections: N/A
Old Business: (unfinished business from previous meeting) Voting of Company Product
New Business: Suggestions for Company Name, Company Logo, and Company Slogan
● President
● VP of Marketing
● VP of Finance
Summary: Discussing the company’s product, name, logo and slogan.
Echague, Isabela
Corrections: N/A
Old Business: (unfinished business from previous meeting) Finalizing of Product, Company
Name and Slogan, Search for possible Resource Groups, Marketing Team presented the logo
decided by our team
New Business: The CEO distributed the documents to accomplish by each department, All VP
heads including secretary presented the final output of their assigned tasks, Creating a PPT for
the presentation
● President
● VP of Marketing
● VP of Finance
Summary: Completing all tasks assigned to each department.

Echague, Isabela
Old Business: (unfinished business from previous meeting) Checking of all documents
New Business: Tentative place for making production, Canvassing of fabric, Preparation for the
product approval
● President
● VP of Marketing
● VP of Finance
Summary: Fashion to Function Co. decided to set dates for submitting the final papers needed
to finalize before the presentation of the product to be approved by the Instructor.

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FASHION TO FUNCTION

Company Core Values

Features and Designs

Charter Application and Bylaws

Company President’s Information

President: Heinrich Emanuel B. Galabay

Address: District 1, Reina Mercedes, Isabela

City: Reina Mercedes

Postal code: 3303

Meeting Location: San Fabian, Echague, Isabela

Time/Day: 3:00 PM Today’s Date: October 04, 2022

Full Name Address Post Area Phone Email

Patrixia Anne San Fabian, 3309 +63(0)78 09491709801 patrixiababaran

Product Approval Application

Company Name: Fashion to Function (F2F)

VP of HRM: Steve Justine Andres

Date: September 28, 2022

Address: Camarag Village, San Fabian, Echague, Isabela

Philippine Postcode: 3309

Meeting Location: Isabela State University Senior High School Building

NAME/ SIGNATURE SCHOOL ADDRESS AGE YEAR

AGTARAP, GERVILL Z. ISU-E P-4 DUBINAN WEST, 17 2022 - 2023

ALEJANDRO, LEAH ISU-E P-7 CABUGAO, 17 2022 - 2023

ANDRES, STEVE ISU-E P-6 SAN FABIAN, 18 2022 - 2023

BABARAN, GILBERT ISU-E P-1 SAN FABIAN, 17 2022 - 2023

BABARAN, PATRIXIA ISU-E P-2 ISU STAFF HOUSING, 17 2022 - 2023

GALABAY, HEINRICH ISU-E P-5 SAN FABIAN, 17 2022 - 2023

GARCIA, PRECIOUS ISU-E P-5 SAN FABIAN, 17 2022 - 2023

GUMPAL, PHOEMELA ISU-E P-1 ANNAFUNAN, 17 2022 - 2023

PANGAN, JENIELLE ISU-E P-5 SAN FABIAN, 17 2022 - 2023

TACCABAN, JOHN ISU-E P-1 GUCAB, ECHAGUE, 18 2022 - 2023

VILLANUEVA, ZYRIL ISU-E P-6 TAGGAPAN, 17 2022 - 2023

Business Plan Overview

To be the leading student-managed company that inspires creativity and practicality.

Product: Corduroy Satchel

Product Sales Goal:

Human Resources Business Plan

Wages for company officers will be PHP 25.00/hour.

Monthly Officer Wage ________

Number of officers (X) 5 Officers

Officer Wages Per Hour: PHP ____ (8 meetings * 2 hours = 16 hours)

Total Wages: _____ * 5 officers = ________

Finance Business Plan

Product Evaluation Form

Expenses Fashion to Function

C. Rent and other fixed expenses, paid NA

D. Marketing supplies 400 PHP

E. Other 2000 PHP

Product Fashion to Function

A. Projected total cost of materials 5500 PHP

B. Divided by the number of units 40 UNITS

C. Material cost per unit 137.5 PHP

Line B. Enter the 10 percent sales commission cost.

Test Price #1 Test Price #2

Fixed Cost 6960 PHP 6960 PHP

Divide the Gross Profit per Unit 75 117.5

Break-Even Point (units) 93 units 60 units

Individual and Group Sales Goal

Individual sales goal: _____________________________________________

Group sales goal: ________________________________________________

Production Business Plan

● The selected production processes.

Company Quality-Control Procedures

Total Wages: _ * 5 officers = ____