Families and Children for Empowerment

And Development Foundation

2290 President Quirino Avenue, Paco, Manila

Date: December 10, 2008 ANNEX J

Income Statement:
 1515 pcs of Katsa Tags
Sales:
 1515 pcs katsa tags @ Php 9.00 Php 13,635.00
Less returns Php____0__
Total Sales: Php 13,635.00

Less:
Production Cost:
 Materials Cost
o Katsa 45 yards x Php 35.00 Php 1,575.00
o Thread 10 cones x Php 33.00 Php 330.00

 Labor Cost
Cutting:
o 1515 pcs x Php 2.00 Php 3,030.00
Sewing:
o 1515 pcs x Php 3.00 Php 4,545.00
Trimming and cleaning:
o 1515 pcs x Php 1.00 Php 1,515.00

 Transportation Cost
o Purchase/Delivery of Products Php 300.00 Php 11,295.00
Net Income: Php 2,340.00

Prepared by:

Albert Edquila
MED Coordinator
FCED

Noted By:

Norilix Mansos
Project Manager
FCED