Product • Cottons Buds’ sticks will be made out of grass (Bamboo

Sticks) instead of plastic tubes. Since Bamboo is a very

Specification
sustainable material, it also grows faster than any other
woods that are used in other competitor’s same product.
Based on the aforementioned statement our product will be
an eco-friendly that uses non-toxic renewable materials.
• Cotton Buds will have a sterile and non-sterile pure cotton
depending on the variety of usage such as:
- Medical use
- Household use
- Cosmetics applicator/remover etc.
• Cottons will be naturally soft and gentle to ears and based on
non-chlorine bleached solution
• Price is cheaper than the other product existing in the market.
It is well-thought of for the consumers as it is considered as
one of the essential things for basic hygiene
Marketing • The product will be retailed online to promote it as well

Strategy by teaming up with Shopee and Lazada as the two

well-renowned online shopping web app/mobile app
• The team will use the social media platform to
advertise the product with less cost allotted for thus,
have a page that accentuate the product’s
specifications and transaction of possible
wholesaler/retailer clients
 Group 2
Group 2 Statement of Financial Position
Statement of Financial Position For the Month Ended March 31, 2020
March 1, 2020
Assets Liabilities and Stockholder’s Equity
Assets Current Assets: Non-Current Liabilities:
Cash P 80,000 Cash P 45,125 Bonds Payable P 185,000
Machinery & 150,000
Accounts Receivable 70,240
Equipment
Bond Sinking Fund 15,000 Stockholder’s Equity
Total Assets P 230,000  
Finished Goods 15,400 Capital Stock P 100,000
Liabilities and Stockholder’s Equity Materials 8,100 Retained Earnings 16,365 116,365
Liabilities P 150,000 Total Current Assets 150,490
Total Liabilities and P 301,365
Capital Stock 100,000 Stockholder’s Equity
Non-Current Assets
Total Liabilities and P 230,000 Machinery and 150,000
Stockholder’s Equity Equipment
Less: Accumulated 2500 147,500
Depreciation

Total Assets P 301,365

 Group 2 Group 2
Statement of Comprehensive Income Cost of Goods Sold Statement
For the Month Ended March 31, 2020 For the Month Ended March 31, 2020
Direct Materials Used:
Sales P 86,240 Purchases P 50,000
Less: COGS 58,700 Less: Materials, Ending P 8,100
Gross Profit 27,540
Less: Marketing & General Expenses P 9,000 Indirect Materials 1,900 10,000 40,000
Depreciation – PPE 375 Direct Labor 20,000
Utility Expense 300 Factory Overhead 17,000
Miscellaneous Expense 1,500 11,175
Total Manufacturing Cost/ 77,000
Net Income P 16,365
Cost of Goods Manufactured
*800 units were sold only Less: Finished Goods, Beginning 15,400
Additional 35,000 for Cash Flow Cost of Goods Manufactured and Sold – normal 61,600
Less: Over-applied Factory Overhead 2,900
Cost of Goods Sold – actual P 58,700
 Factory Overhead Control
• Indirect Materials P 1,900
• Indirect Labor 7,000
• Depreciation of Machinery and Equipment 2,500 Manufacturing Cost P 77.00
• Utility Expense 2,700 Gross Profit (40%) 30.80
Total FOH Control P 14,100
Selling Price P 107.80

*85% FOH Applied charged to Direct labor cost

Total Manufacturing Cost

Total Unit Produced Unit Cost
Direct Materials P 40,000 1,000 P 40.00
Direct Labor 20,000 1,000 20.00
Factory Overhead Applied 17,000 1,000 17.00

Total P 77,000 P 77.00