PROJECTED SALES BUDGET, SIOVATO

June 2018 to February 2019

JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY

Expected Unit sales per 12000 12600 13230 13891.5 14586.075 15315.3788 16081.1477 16885.2051 17729.465
month
Selling price 8.69 8.69 8.69 8.69 8.69 8.69 8.69 8.69 8.69

Subtotal 104280 109494 114968.7 120717.135 126752.99 133090.641 139745.173 146732.432 154069.05

Net sales 104280 109494 114968.7 120717.135 126752.99 133090.641 139745.173 146732.432 154069.05

PROJECTED PRODUCTION BUDGET, SIOVATO

June 2018 to February 2019

JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY

Expected unit sales per month 12,000.00 12600 13230 13891.5 14586.075 15315.3788 16081.1477 16885.2051 17729.465

Add: desired ending inventory 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Needed Product 12,000.00 12600.00 13230.00 13891.50 14586.08 15315.38 16081.15 16885.21 17729.47

Less: desired beginning 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
inventory

Total Units to be Produced 12,000.00 12600.00 13230.00 13891.50 14586.08 15315.38 16081.15 16885.21 17729.47
 PROJECTED DIRECT LABOR BUDGET, SIOVATO
June 2018 to February 2019
JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY
Number of 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00 3.00
workers
Labor 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
rate/month

Direct Labor 15000 15000 15000 15000 15000 15000 15000 15000 15000
Cost
 PROJECTED DIRECT MATERIALS BUDGET, SIOVATO
June 2018 to February 2019
CASSAVA JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY
Unit Cost 15 15 15 15 15 15 15 15 15
Quantity of raw materials per 5 5 5 5 5 5 5 5 5
batch
Cost of material per unit 0.08333333 0.0833333 0.0833333 0.08333333 0.0833333 0.08333333 0.08333333 0.08333333 0.0833333
Expected unit sales per month 12000 12600 13230 13891.5 14586.075 15315.3788 16081.1477 16885.2051 17729.465
Cost of material per month 1000 1050 1102.5 1157.625 1215.5063 1276.28156 1340.09564 1407.10042 1477.4554
POTATO
Unit Cost 37 37 37 37 37 37 37 37 37
Quantity of raw materials per 5 5 5 5 5 5 5 5 5
batch
Cost of material per unit 0.12333333 0.1233333 0.1233333 0.12333333 0.1233333 0.12333333 0.12333333 0.12333333 0.1233333
Expected unit sales per month 12000 12600 13230 13891.5 14586.075 15315.3788 16081.1477 16885.2051 17729.465
Cost of material per month 1480 1554 1631.7 1713.285 1798.9493 1888.89671 1983.34155 2082.50863 2186.6341
MOLO WRAPPER
Unit Cost 30 30 30 30 30 30 30 30 30
Quantity of raw materials per 2 2 2 2 2 2 2 2 2
batch
Cost of material per unit 0.03333333 0.0333333 0.0333333 0.03333333 0.0333333 0.03333333 0.03333333 0.03333333 0.0333333
Expected unit sales per month 12000 12600 13230 13891.5 14586.075 15315.3788 16081.1477 16885.2051 17729.465
Cost of material per month 400 420 441 463.05 486.2025 510.512625 536.038256 562.840169 590.98218
CHILI POWDER
Unit Cost 5 5 5 5 5 5 5 5 5
Quantity of raw materials per 2 2 2 2 2 2 2 2 2
batch
Cost of material per unit 0.04166667 0.0416667 0.0416667 0.04166667 0.0416667 0.04166667 0.04166667 0.04166667 0.0416667
Expected unit sales per month 12000 12600 13230 13891.5 14586.075 15315.3788 16081.1477 16885.2051 17729.465
Cost of material per month 500 525 551.25 578.8125 607.75313 638.140781 670.04782 703.550211 738.72772
GARAM MASALA

Unit Cost 185.75 185.75 185.75 185.75 185.75 185.75 185.75 185.75 185.75

Quantity of raw materials per batch 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25 0.25

Cost of material per unit 0.77395833 0.7739583 0.7739583 0.77395833 0.7739583 0.77395833 0.77395833 0.77395833 0.7739583

Expected unit sales per month 12000 12600 13230 13891.5 14586.075 15315.3788 16081.1477 16885.2051 17729.465

Cost of material per month 9287.5 9751.875 10239.469 10751.4422 11289.014 11853.465 12446.1383 13068.4452 13721.867

CHEESE

Unit Cost 44 44 44 44 44 44 44 44 44

Quantity of raw materials per batch 1 1 1 1 1 1 1 1 1

Cost of material per unit 0.73333333 0.7333333 0.7333333 0.73333333 0.7333333 0.73333333 0.73333333 0.73333333 0.7333333

Expected unit sales per month 12000 12600 13230 13891.5 14586.075 15315.3788 16081.1477 16885.2051 17729.465

Cost of material per month 8800 9240 9702 10187.1 10696.455 11231.2778 11792.8416 12382.4837 13001.608

SEASONING

Unit Cost 4 4 4 4 4 4 4 4 4

Quantity of raw materials per batch 1 1 1 1 1 1 1 1 1

Cost of material per unit 0.06666667 0.0666667 0.0666667 0.06666667 0.0666667 0.06666667 0.06666667 0.06666667 0.0666667

Expected unit sales per month 12000 12600 13230 13891.5 14586.075 15315.3788 16081.1477 16885.2051 17729.465
Cost of material per month 800 840 882 926.1 972.405 1021.02525 1072.07651 1125.68034 1181.9644

ONION

Unit Cost 40 40 40 40 40 40 40 40 40

Quantity of raw materials per batch 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5

Cost of material per unit 1.33333333 1.3333333 1.3333333 1.33333333 1.3333333 1.33333333 1.33333333 1.33333333 1.3333333

Expected unit sales per month 12000 12600 13230 13891.5 14586.075 15315.3788 16081.1477 16885.2051 17729.465

Cost of material per month 16000 16800 17640 18522 19448.1 20420.505 21441.5303 22513.6068 23639.287

CELERY

Unit Cost 30 30 30 30 30 30 30 30 30

Quantity of raw materials per batch 1 1 1 1 1 1 1 1 1

Cost of material per unit 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5 0.5

Expected unit sales per month 12000 12600 13230 13891.5 14586.075 15315.3788 16081.1477 16885.2051 17729.465

Cost of material per month 6000 6300 6615 6945.75 7293.0375 7657.68938 8040.57384 8442.60254 8864.7327

TOTAL DIRECT MATERIAL 44267.5 46480.875 48804.919 51245.1647 53807.423 56497.7941 59322.6838 62288.818 65403.259
 PROJECTED FACTORY OVERHEAD BUDGET, SIOVATO
June 2018 to February 2019
Utilities Expense JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY

Toothpick 4000 4000 4000 4000 4000 4000 4000 4000 4000

Hand gloves 6000 6000 6000 6000 6000 6000 6000 6000 6000

Paper plate 10000 10000 10000 10000 10000 10000 10000 10000 10000

Transportation 40 40 40 40 40 40 40 40 40
Expense
Indirect Materials 36000 37800 39690 41674.5 43758.225 45946.1363 48243.4431 50655.6152 53188.396

Total Factory 56040 57840 59730 61714.5 63798.225 65986.1363 68283.4431 70695.6152 73228.396
Overhead
 PROJECTED COST OF GOOD SOLD, SIOVATO
June 2018 to February 2019
JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY

Direct Materials 44267.5 46480.875 48804.919 51245.1647 53807.423 56497.7941 59322.6838 62288.818 65403.259

Direct Labor 15000 15000 15000 15000 15000 15000 15000 15000 15000

Subcon Cost 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Factory Overhead 56040 57840 59730 61714.5 63798.225 65986.1363 68283.4431 70695.6152 73228.396

Total Cost of Good 115307.5 119320.88 123534.92 127959.665 132605.65 137483.93 142606.127 147984.433 153631.65
Manufactured
Add: Beginning work in 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
progress
Less: Ending work in progress 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Cost of Goods Sold 115,307.50 119,320.88 123,534.92 127,959.66 132,605.65 137,483.93 142,606.13 147,984.43 153,631.65
 PROJECTED OPERATING EXPENSE BUDGET, SIOVATO
June 2018 to February 2019
JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY

Utilities Expense 720 720 720 720 720 720 720 720 720

Communication 100 100 100 100 100 100 100 100 100
Expense
Supplies Expense 200 200 200 200 200 200 200 200 200

Promotion Expense 500 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Transportation 40 40 40 40 40 40 40 40 40
Expense
Depreciation Expense 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 900.00

Tools and
Equipment
Total Operating 1560 1060 1060 1060 1060 1060 1060 1060 1960
Expense
 INCOME STATEMENT, SIOVATO
June 2018 to February 2019
JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY

Net Sales 104280 109494 114968.7 120717.135 126752.99 133090.641 139745.173 146732.432 154069.05

Less: Cost of Goods 115,307.50 119,320.88 123,534.92 127,959.66 132,605.65 137,483.93 142,606.13 147,984.43 153,631.65
Sold
Gross Profit -11,027.50 -9,826.88 -8,566.22 -7,242.53 -5,852.66 -4,393.29 -2,860.95 -1,252.00 437.40

Less: Operating 1560 1060 1060 1060 1060 1060 1060 1060 1960
Expense
Net Income Before -12,587.50 -10,886.88 -9,626.22 -8,302.53 -6,912.66 -5,453.29 -3,920.95 -2,312.00 -1,522.60
Tax
Less: Tax -18457.387

Net Income After Tax -12,587.50 -10,886.88 -9,626.22 -8,302.53 -6,912.66 -5,453.29 -3,920.95 -2,312.00 16,934.79
 SIOVATO
CASH BUDGET
June 2018 to February 2019
JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY
Cash Receipts
Cash Sales 104280 109494 114968.7 120717.135 126752.99 133090.641 139745.173 146732.432 154069.05
Add: Initial 130890 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investment
Total Cash Receipts 235170 109494.00 114968.70 120717.14 126752.99 133090.64 139745.17 146732.43 154069.05
Less: Cash
Disbursements
Other Tools 8000 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Raw Materials 44267.5 46480.875 48804.919 51245.1647 53807.423 56497.7941 59322.6838 62288.818 65403.259
Purchased
Direct Labor 15000 15000 15000 15000 15000 15000 15000 15000 15000
Factory Overhead 56040 57840 59730 61714.5 63798.225 65986.1363 68283.4431 70695.6152 73228.396
Subcon Cost 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Expenses 1560 1060 1060 1060 1060 1060 1060 1060 1960
Taxes 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -18457.387
Total Cash 124867.5 120380.88 124594.92 129019.66 133665.65 138543.93 143666.13 149044.43 137134.27
Disbursements
Net Cash Balance 110302.5 -10886.88 -9626.22 -8302.53 -6912.66 -5453.29 -3920.95 -2312.00 16934.79
Add: 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 900
Depreciation
Cash Balance, beg. 0.00 110302.5 99415.63 89789.41 81486.88 74574.22 69120.93 65199.98 62887.98

Cash Balance, end 110302.5 99415.63 89789.41 81486.88 74574.22 69120.93 65199.98 62887.98 80722.76
 SIOVATO
BALANCE SHEET
June 2018 to February 2019
JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY
Assets
Current Assets
Cash on Hand 110302.5 99415.63 89789.41 81486.88 74574.22 69120.93 65199.98 62887.98 80722.76

Fixed Assets
Tools 8000 8000 8000 8000 8000 8000 8000 8000 8000
Less: Accum. 0 0 0 0 0 0 0 0 900
Depreciation
Total Fixed Assets 8000 8000 8000 8000 8000 8000 8000 8000 7100

TOTAL ASSETS 118302.5 107415.63 97789.41 89486.88 82574.22 77120.93 73199.98 70887.98 87822.76

Partner's Equity
Partner 1 43,630 44794.167 41165.208 37956.4687 35188.959 32884.7401 31066.9771 29759.9926 28989.326
Partner 2 43,630 44794.167 41165.208 37956.4687 35188.959 32884.7401 31066.9771 29759.9926 28989.326
Partner 3 43,630 44794.167 41165.208 37956.4687 35188.959 32884.7401 31066.9771 29759.9926 28989.326
Net Income -12,587.50 -10,886.88 -9,626.22 -8,302.53 -6,912.66 -5,453.29 -3,920.95 -2,312.00 16,934.79

TOTAL PARTNER'S EQUITY 118,303 123495.62 113869.41 105566.876 98654.22 93200.9313 89279.9778 86967.9767 103902.76

44794.3 41165.208 37956.469 35188.9588 32884.74 31066.9771 29759.9926 28989.3256

 SIOVATO
RATIO ANALYSIS
June 2018-February 2019
JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY
Sales Revenues 104280 109494 114968.7 120717.135 126752.99 133090.641 139745.173 146732.432 154069.05
Total Assets 118302.5 107415.63 97789.41 89486.88 82574.22 77120.93 73199.98 70887.98 87822.76
Asset Turnover 0.88146912 1.0193489 1.1756764 1.34899261 1.5350189 1.72573955 1.90908764 2.06991987 1.754318

Net Sales 104280 109494 114968.7 120717.135 126752.99 133090.641 139745.173 146732.432 154069.05
Less: Cost of Goods 115,307.50 119,320.88 123,534.92 127,959.66 132,605.65 137,483.93 142,606.13 147,984.43 153,631.65
Sold
Gross Profit -11,027.50 -9,826.88 -8,566.22 -7,242.53 -5,852.66 -4,393.29 -2,860.95 -1,252.00 437.40
-0.1057489 -0.0897481 -0.074509 -0.05999587 -0.0461737 -0.03300975 -0.0204726 -0.0085325 0.002839

Net Income After Tax -12,587.50 -10,886.88 -9,626.22 -8,302.53 -6,912.66 -5,453.29 -3,920.95 -2,312.00 16,934.79
Net Sales 104280 109494 114968.7 120717.135 126752.99 133090.641 139745.173 146732.432 154069.05
Net Profit Margin -0.1207087 -0.099429 -0.083729 -0.06877673 -0.0545364 -0.04097425 -0.0280579 -0.0157566 0.1099169

Direct Materials 44267.5 46480.875 48804.919 51245.1647 53807.423 56497.7941 59322.6838 62288.818 65403.259
Factory Overhead 56040 57840 59730 61714.5 63798.225 65986.1363 68283.4431 70695.6152 73228.396
Direct Labor 15000 15000 15000 15000 15000 15000 15000 15000 15000
115307.5 119320.88 123534.92 127959.665 132605.65 137483.93 142606.127 147984.433 153631.65
Net Sales 104280 109494 114968.7 120717.135 126752.99 133090.641 139745.173 146732.432 154069.05
Gross Profit -11027.5 -9826.875 -8566.219 -7242.52969 -5852.6562 -4393.28898 -2860.9534 -1252.0011 437.39884
Gross Profit Ratio -0.1057489 -0.0897481 -0.074509 -0.05999587 -0.0461737 -0.03300975 -0.0204726 -0.0085325 0.002839
DIRECT MATERIALS PRICE QUANTITY COST/UNIT COST/MONTH
CASSAVA 15/kilo 5 pcs 15 3000
POTATO 37/kilo 5 pcs 37 7400
MOLO WRAPPER 30/pack 2 pack 60 12000
CHILI POWDER 5/pc 2 pc 10 2000
GARAM MASALA 185/pack 250 grams 46.25 9250
CHEESE 44/pc 1 pc 44 8800
SEASONING (MAGIC SARAP) 4/pc 1 pc 4 800
ONION 40/half kilo 1/2 kilo 40 8000
CELERY 30/kilo 1 pc 30 6000
TOTAL DIRECT MATERIALS 286.25 57250
DIRECT LABOR
PRODUCTION WORKER 200 3 15 15000
TOTAL DIRECT LABOR 15 15000
FACTORY OVERHEAD
TOOTHPICK 20/pack 1 pack 20 4000
HAND GLOVES 30/pack 1 pack 30 6000
PAPER PLATE 25/pack 2 packs 50 10000
TOTAL FACTORY OVERHEAD 100 20000
TOTAL COST OF SIOVATO 401.25 92250
NO. OF SIOVATO PRODUCED 60 12000
COST per PIECE 6.6875 72250
MARK-UP COST (50 %) 2 36120
PRICE OF SIOVATO PER PIECE 8.6875 104280