A Business Plan

Presented to the Faculty of College of Business Management and

Accountancy of
Holy Trinity College of General Santos City

In partial fulfillment of
The requirements in Entrepreneurial Mindset

Condes, Pinky C.
Pin, Morino M.
Lavega, John Humprey
Duma, Christian Joy U.
Sunio, Catalino Jr.
Delas Marias, John Christian
Espora, Chrismar Jay V.
Fortuna, Renjie A.

March 2023
 ACKNOWLEDGEMENT

We want to offer this endeavor to our Almighty God for the wisdom he

bestowed upon us, the strength, peace of mind, good health and spiritual

guidance to finish this business plan.

To every member of this organization, who actively participate, help and

collaborate to create this idea. Without their commitment, the success of this

plan would not be possible.

To our Professor, Ma’am Jerish Felizarte Pada , for sharing your knowledge

and experience with the business plan's continuation.

To the administrators, faculty, and entire HTC Community who helped

make this event a success which also help in developing student’s knowledge

in the business field.

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 TABLES OF CONTENT

Acknowledgement I

Executive Summary V

The Business

The Company Background 1

The Company’s Name and Tagline 1

The Company’s Vision and Mission 2

The Company Objectives 3

The Company Location 3

The Form of Business Organization 4

The Company Logo 4

The Industrial Analysis 5

The Organizational Plan

The Organizational Chart 6

The Personnel Duties and Responsibilities 7

Organizational Policy 8

Human Resource Control Policy 10

The Production Plan

The Monthly Production Report 13

Production Procedure 15

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 Inputs and Management 16

Utilities and Waste Management 17

The Marketing Plan

Key Concepts of Market 18

The Target Market (Locality Town) 19

The Geographic and Demographic Profile 20

The Psycho-graphic and Behavioral Profile 20

The Market Share 21

Players in the Market 22

Products and Services available in the market 23

The Marketing Mix/ Product

The People 24

The Product 24

The Brand Name 25

The Brand Logo 25

The Product Place 25

The Product Feature 26

The Product Packaging 26

The Product Promotion / Promotion Strategy 27

The Product Positioning 27

The Pricing Strategy 27

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 Floor Plan 28

Physical Store 28

The Operational Plan

Production Plan 29

Management Plan 29

Financial Plan 29

The Financial Plan

The Financial Narrative 30

The Balance Sheet 33

The Entrepreneur’s Profile 34

Documentation 36

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 EXECUTIVE SUMMARY

Introduction

The majority of chips you'd find in stores are usually made of potato.

If you enjoy eating potato chips as a snack, you likely already know that

they're not the best choice for your health because they might be heavy in

fat and carbohydrates. Now, we introduce the Chips 'n Chill Company

which is also known as “C & C”. It is a partnership-type company that is

known for producing vegetable snacks in the food industry. One of the

products which the company has created is called Crispynach. It has the

same flavor with existing chips and crunch but is considerably healthier.

You may indulge in these chips guilt-free because our major ingredient,

spinach, is not only low in fat and calories but also high in vitamins A and

C.

Crispynach combine a tasty chip with a healthier option. Water

Spinach is beneficial to your skin, hair, and bones. Vegans, particularly

parents, can easily allow their children to consume spinach chips instead of

the conventional chips disguised as junk food. With no preservatives

added, consumers can certainly appreciate this healthy chip. Crispynach

Chips is promoted to all ages and is available with drinks on it. The

Crispynach now comes in four flavors: plain, cheese, barbecue, and sour

cream. These can be eaten as appetizers or just plainly, snacks.

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 In Production, the expected monthly production cost is ₱ 34,587.50

which is enough for 1,600 goods. There is no need to worry if the goods are

not sold right away, because the goods have a shelf life of 6 months. When

it comes to the quality of the product, it will remain as new because the

company’s packaging has zip lock which helps the product to preserve

inside and avoid moisture outside the environment. The company will

constantly need supplier on fresh raw ingredients for the production of

Crispynach. In this part, it displays the stages of product development as

well as the production schedule in pieces and quantity. It also shows the

total cost of manufacture for the items.

In Marketing, the company has various methods for selling the

product. It has stalls open at malls, parks, and even at the airport for those

people who are looking for snacks and souvenir. And, rather than renting

and spending in a new location, the company has decided to sell it in

supermarkets and convenience stores. On the other hand, the company is

engaged on social media. As a result, the goods will be sold on social

networking sites as well. Any method of payment will be accepted, including

cash and internet banking. The Company will encourage the early adopter

customers to urge their friends, relatives, or work colleagues to try the

product as well. Free taste is also encouraged.

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 In Human Resource, it has 5 staff and follows a functional structure.

Employee salary is determined by the city’s minimum salary and their

position in the business. Their working days are only 26 days a month. It

means, they are advice to take a rest day every week. The Company also

provided additional benefits to its employees and implemented various

Human Resource Policies and Guidelines for them to follow. The Company

doesn’t have its HR Department, and since the business type is a partnership

with 3 owners, the owners will serve as the HR for the Company.

Lastly, In Financial Department, The Chips ‘N Chill Company invests

₱ 84,462.50 on their initial business. This ₱ 84,462.50 will be used to

purchase ingredients for the production of goods, for rental and utilities, for

kiosk food stall, packaging expenses and machineries and equipment. If the

goods are sold in the price that will range 40-100, the company can make ₱

108,000 revenue in a month. This is enough to finance its employee’s

salary, rental expenses as well as production cost for the next month.

Its sales with the expenses lessen on it, is the net income. The net

income on the other hand is ₱ 26,620.50. Since it is partnership type, the

owner then divides its income into three people, wherein, three of them can

receive the net income individually with an amount of ₱ 8,540.16 per month.

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The Company Background

The Chips ‘N Chill Company is a partnership type that plans to

promote vegetable snacks in the market. The Chips ‘N Chill come up with

the concept of being able to make a more nutritious form of chips in the

nation that is also beneficial for vegans, kids, and even for those people who

currently undergo in weight loss and want snacks that is low in carbs. The

majority of people consider chips as a junk food due to its high carb

ingredients, but the C ‘N C’s Company unique and creative invention allows

them to produce a delicious snack using vegetable as a main ingredient.

The Company’s Name and Tagline

The Company name is inspired from the phrase ‘Netflix and Chill’

which is the catchiest phrase especially in this modern generation. Since the

company’s service is not Netflix but rather a snacks and drinks, the

company decided to change the ‘Netflix’ to ‘Chips’ .While, the company’s

tagline ‘Unbeleafably Good!” is basically the expressions of the customers

when they taste the product. The “Unbelievably” was change to

“Unbeleafably” which describes our main ingredient, the Spinach leaf.

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The Company’s Vision and Mission

I. Vision

Chips ‘N Chill Company is a top-producer of vegetable chips in

General Santos City which provides healthy nutritious snacks for valued

customers in affordable price.

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(1) To serve clients with new, innovative and delicious chips as well

as healthy snacks for those customers who are health conscious.

(2) To ensure consumer’s loyalty as they are enjoyed and satisfied

with the purchase.

(3) To guaranteed clients that our products are made from fresh

ingredients and produce in good-quality.

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The Company Objectives

Chips ‘N Chill manufactures vegetable chips for customers who are

vegans, health-conscious, chip lovers, and parents who want their child to

eat a vegetarian diet. Consequently, the company's objectives are as

follows:

(a) To promote healthy snacks as a substitute to the usual chips that we eat.

(b) To increase our profit by 20% annually.

(c) To maintain positive, steady growth each month.

(d) To ensure that Chips ‘N Chill Company will reach the goals of the target

market and our sales budget.

The Company Location

The Chips ‘N Chill Company is situated in the heart of General

Santos City.

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The Form of Business Organization

The business is a partnership and owned by 3 persons, which makes

the business easy to establish because there is an extra set of hands from

your co-owner. Through partnerships, the company can split the financial

and administrative costs in which the burden is shared and the capital is

more available in the business.

The Company Logo

The grey expresses mystery, authority, sophistication, intellect,

strength, and maturity. While the word, is the company name. The Semi-

circle shape represents that our company will be able to grow financially.

Lastly the chips in the logo represent our main ingredients, spinach leaf.

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 THE BUSINESS

The Industrial Analysis

The Chips ‘N Chill Company analyzes a company's competitive

environment using the Porter's Five Forces Framework. The analysis is

further discussed in the chart below.

Because spinach is available throughout the year, the supplier has low
SUPPLIER bargaining power. As a result, the supplier cannot simply limit supply or
POWER raise prices. Furthermore, other ingredients are always accessible on
the market.

Even if the product is uncommon and only a few companies

BUYER offer it elsewhere across the nation, the Company nevertheless
POWER wants to bring it to our local market. Hence, the analysis reveals
that there is an average amount of bargaining power.

There is an average rivalry among the rivals. There are few

EXISTING companies that offer this kind of product elsewhere, but our
COMPETITOR company wants to introduce this to the local market. As a
result, the company has a good chance of dominating the
market.

Spinach and other ingredients are usually available in the market

THREATS
OF
and fairly priced. And, since the process is simple to follow, there
SUBSTITUTE is a high possibility that it will be substituted. However, our
product's flavor and quality remain distinct.

There is a large chance that potential entrants will enter the market due
POSSIBILITY to the product's delicacy and rarity. Moreover, because the startup
OFNEW costs are low and the products can be sold off as "homemade," there is
ENTRANTS
also a high possibility of starting this kind of business these days.

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 THE ORGANIZATIONAL PLAN

The Organizational Chart

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The Personnel Duties and Responsibilities

JOB TITLE JOB DESCRIPTION

Online Orders In-  Issues receipts, refunds, credits, or change to

Charge / Cashier customers and receives payment..
 Compute and record totals of transactions.
 Cater online transactions.

Inventory / Server  Identifies defects, bad quality in the product

before it is released.
 Creates an inventory of finish products,
packaging, and ingredients.
 Serve and Entertain customers.

Food In-Charge /  .Prepare food for service

Cook  Comply with nutrition and sanitation
regulations and safety standards
 Ensures the cleanliness of product

Utility / Product  Clean up station and take care of leftover food

Packager  Packing products
 Wash the equipment and sanitize the machine

DeliveryIn-Charge  Ensure the delivery of product.

 Establish relationships with the suppliers.
 Maintains the health of delivery cars

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Organizational Policy

Chips ‘N Chills Company has its own by-laws, this was made to

guarantee that every employee of the Company is taken care of, that their

requirements are met, and that appropriate benefits are made accessible to

them for their work. This will assist employees in addressing concerns,

difficulties, and criticisms, and will provide the organization with a plan on

how to deal them effectively.

A. Gender Equality Policy - This policy attempts to eliminate all forms of

workplace discrimination. The company offers equal employment

possibilities.

B. Policy on Attendance - Individually, all staff members are responsible for

registering their time on the biometric fingerprint scanner. It will not consider

any invalid absences unless the absence is due to illness or disability, or

unless they file for unpaid leave absences. The salary will be withheld 20

pesos per minute for each late arrival. The penalty will be paid to charities

supported by the Company.

C. Policy on Safety - The Company should ensure that every staff member

is free of hazards and risks in order for them to identify that their workplace is

convenient, safe, and in good condition.

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D. Policy on Drugs and Alcohol - Employees are not permitted to work

while under the influence of illegal drugs or alcohol. Violators must either be

suspended or fired.

E. Policy on Smoking - During working hours, smoking is restricted.

Employees should only smoke in authorized smoking places during their

spare time.

F. Usage of Mobile Phones - Using mobile phones during working hours is

absolutely disallowed, except for emergencies and during breaks.

G. Working Hours - The company will follow mall hours, therefore they work

from 10 am to 10 pm.

H. No ID, No Entry - It is necessary since it verifies employee’s identity and

gives them with a sense of security at all times.

I. Policy Distribution - The Employee's Handbook is kept in a designated

location in the office. All policies will be handed to all workers for their own

use. These procedures are subject to change. Changes occur as a result of

internal development, applicable laws, market rivalry, or general economic

conditions, all of which have a major impact on the company. The policies

listed above are intended to give working rules for the employee and its

relationship with the company.

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Human Resource Control Policy

These policies are long-term guidelines for how a company plans to

manage its personnel. It represents detailed guidance for HR managers on

various employment-related issues. It discusses various areas of human

resource management, including:

Recruitment and Hiring

A. Recruitment - The Company will offer job vacancies in order to recruit

employees who are suitable and reliable for a certain position in the

company's operations. Fliers are distributed to provide people the opportunity

to be a part of the organization, and social media is also used to recruit

people.

B. Screening - After the vacancies are advertised, the management begins

collecting application forms and conducting a brief examination to see if the

candidates met the required specifications and descriptions

C. Interview - The employer will interview the qualifying candidates in the

main office to discover more about their academic credentials, job

experience that may be relevant to the job they are seeking for, and to

choose those who are prepared to undergo additional testing.

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Physical and Medical Examinations

To prevent unnecessary costs for the company, qualified candidates

are required to undertake some medical examinations such as drug tests and

Checkups to determine if the applicants are physically compatible and can

perform productively.

Training and Orientation

It is significant that newly recruited employees are involved in an

orientation program so that they are familiar with the workplace and are

aware of the organizational policies. These programs attract employee

commitments, which enable them to comprehend the expectations of the

company, and what takes people suited to specific jobs is training. Business

frequently provides guest speakers for this occasion.

Wages

Payment shall be made in cash or thru ATM Bank Account at least

once every two (2) weeks or twice a month at intervals not exceeding sixteen

(16) days. Except as otherwise allowed by regulations prescribed by the

Secretary of Labor and Employment, it must be done at or near the place of

operation.

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Benefits
Employees will receive a Christmas bonus, and if they become ill, the

company will pay sick leave with a payment for doctor's consultation. If

employees give their all in business, they will receive a non-monetary award

such as a certificate with the title "best employee of the year" and a matching

gift certificate.

Meal Hours

Unless the workday is five hours or fewer, each employee receives an

unpaid lunch break in the middle of the workday. Employees must receive at

least one hour off for regular meals, as stipulated in Article 89 of Book Three

of the Labor Code, and it is not payable.

Job Abandonment

If you are absent from work for two days and do not contact your
employer, you may be terminated.

Medical and Dental Care

The company will ensure that they are in proper working conditions

and will guarantee them from any dangers or threats to their health that may

emerge while doing their duties. Articles 156 through 161 of the Labor Code

list further concerns about medical and dental services.

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 THE PRODUCTION PLAN

Production Procedure

The “CRISPYNACH” made by Chips ‘N Chill Company is processed in

three different stages. These are the procedures of acquiring, manufacturing,

and labeling. Furthermore, employees in the production area should wear

personal protection equipment to safeguard the manufacturing facility's

safety and sanitation.

STEPS PROCEDURE
1 Clean the spinach thoroughly.
2 Remove leaves from the stem. Set aside.
3 For the batter, combine cornstarch, flour, egg, salt, white pepper
and water.
4 Put it in a clean mixing bowl.
5 Mix until the consistency is smooth.
6 Set aside the batter. For the coating, mix chicken powder and
cornstarch.
7 Heat oil, and reduce fire to medium.
8 Dip spinach leaves in batter. Let it dry in drying rack.
9 Once dry, dip it in coating and Deep fry until crispy.
10 Drain oil from spinach leaves using paper tissue.
11 Let it dry for 1 minute.
12 Add, flavors.
13 Pack it in a paper pouch and seal it with zip lock.
14 Serve/ Deliver.

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Inputs and Management

ITEM MACHINERIES

Spinach Chest Freezer

Cornstarch Gas Deep Fryer

Flour 5L Planetary Mixer

Egg Mixing Bowl

Iodized Salt Knife

White Sugar

Oil

Utility and Waste Management

The company will use basic waste management. Inside the Chips ‘N

Chills kiosk, there will be trash cans for biodegradable and non-

biodegradable waste that consumers can utilize to dispose their garbage.

The biodegradable will be placed in a garbage bag before being placed on

the roaming garbage truck. Non-biodegradable garbage, on the other hand,

must be recycled or sold to a junkyard.

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 THE MARKETING PLAN

Key Concepts of Market

Product Concept

Crispynach combine a tasty chip with a healthier option. Water

Spinach is beneficial to your skin, hair, and bones. Vegans, particularly

parents, can easily allow their children to consume spinach chips instead of

the conventional chips disguised as junk food. With no preservatives added,

consumers can certainly appreciate this healthy chip. Crispynach Chips is

promoted to all ages and is available with drinks on it.

Production Concept

Before it is produced, our product has undergone numerous tests. We

used a process of trial and error to establish the ideal ingredient combination,

ensuring that it is delicious.

Selling Concept

The company has various methods for selling the product. It has stalls

open at malls, parks, and even at the airport for those people who are

looking for snacks and souvenir. On the other hand, the company is engaged

on social media. As a result, the goods will be sold on social networking sites

as well. Any method of payment will be accepted, including cash and internet

banking.

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Marketing Concept

The goal is to create an environment that benefits both the consumer

and the company. The organization thinks that wealth is synonymous with

health. The customer feels that health is wealth. As a result, the company will

make nutritious chips in return for profit while also providing consumers with

healthy snacks.

Societal Concept

Chips ‘N Chills is environmentally friendly. The company promotes

recycling, energy conservation, and even charitable donations. As previously

stated, the recycled plastics from the company's garbage will be converted

into plastic chairs, which will then be donated to a daycare center and a

school. Nevertheless, Chips ‘N Chills is always committed to serve the

public.

The Target Market

Crispynach is suitable for anyone aged 4 and up, from the middle and

lower classes, including those who do not normally consume green leaves or

vegetables. Since it is located on mall, it can also be bought as “pasalubong”

for the tourists. This is also a great snack for those movie lovers who are fan

of cinemas.

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 The Geographic and Demographic Profile

C&C Company will offer its product through numerous social media

sites, as well as supermarkets and convenience stores. This product is halal

certified and suitable for people of all genders and religions. Furthermore, the

company's major target market is all General Santos City residents. But,

targets are subject to change. After all, the company still aims to be widely

known so, they are open for those people like tourists and vegans.

The Psychographic and Behavioral Profile

The company's target customers are families. Children's eating habits

differ from those of adults and teenagers, according to research, since they

eat between breakfast and lunch, or between lunch and dinner. As a result,

the company's snacks are great for children. It is also compatible with the

children's food preferences, as they adore eating chips. Furthermore,

because of its pricing, the product is also for adults. Adults chose high-quality

things that they can afford inside their budget.

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 The Market Share

ONLINE
BUSINESS
FAST FOOD
CHAIN
MALL STALLS Fast Food Chain
(CHIPS ‘N CHILL) Street Foods
Chips 'N Chill
Online Business
STREET FOODS

Figure 1. The Market Share

The chart above represents the company's market share in the

business industry. Using the market share formula of Company Sales

divided by Entire Market Sales (who also sells chips) the company only

obtained 10.18% of the total market and finished third in the sector. Fast

food restaurants provided not just snacks but also meals and beverages,

which is why they are ranked first. Furthermore, street foods, have built

their establishments when it comes to affordable snacks.   As an outcome,

they held the second largest market share. And for online business in food

particularly, it ranked last because face to face are now available and

people nowadays prefer on walk-ins rather than ordering online.

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 Players in the Market

Customers

The Chips ‘N Chills Company divides its customers into two

categories: major and minor. The concern that the Company may have with

major consumers is that they may expect large discounts, coupons, and

special treatment. Meanwhile, minor consumers buy less but are still

significant in the company because they can buy a lot in bulk.

Suppliers

Major suppliers are crucial for daily delivery, and a problem with them

might result in delays or product quality concerns due to the large number of

purchases made by other businesses. Meanwhile, minor suppliers are good,

but the problem is that the company cannot place as many orders as

they would want because the supply is insufficient to meet the company's

manufacturing standards.

Complementors

There are also non-competing enterprises that will boost the

company’s sales in general. Because our product is snacks, businesses who

make souvenirs, beverages, and delicacies can engage with us. It will assist

the company in extending the market, which will encourage complementors

to support the company more, which can weaken the competitors.

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Competitors

The company's competitors are those who also sell Vegetable Chips.

However, these businesses do not exist in the company's direct vicinity.

Interacting with this organization may have undesirable consequences.

Hence, the company will simply concentrate on how we provide better chips

than the other manufacturer. However, C & C is constantly open to new

alternatives and opportunities for collaboration.

Products and Services available in the market

The Chips ‘N Chills Company produced the most innovative, tasty,

and unique form of chip that will capture the customer's curiosity and leave

them wondering what the taste is. Because malunggay, cassava, spinach,

and saluyot are healthy and inexpensive vegetables, the company comes up

with the idea of turning them into snacks rather than serving them as meals.

This snack is ideal for eating while watching movies, chatting with friends, or

as a merienda or midnight snack. This is also better for vegans that are chips

lovers or for those are losing weight, since Cripsynach is low in saturated fat.

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 THE MARKETING MIX

The People

The Chips ‘N Chills Company valued its people because they are the

company's most valuable asset. They are responsible for turning the

company's plan into reality and ensuring that the business remains

operational. A skilled and well-trained employee contributes significantly to

the achievement of business goals and objectives. Thus, the Company will

offer seminars and workshops in order to boost employee productivity by

boosting their skills and talents in making the product known to the market.

The Product

Crispynach is a new product that aspires to claim a new place in the

minds of consumers by offering products that differ from those offered by

existing businesses. It is an innovative chip that uses various types of

ingredients and different methods of production than other products on the

market. While the product is new, a larger marketing method must be

focused in order for the product to be exposed in the public.

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The Brand Name

"Crispynach” is an easy - to - remember and well-explained product

name. The combination of the word Crispy + Spinach, created its brand

name “Crispynach”. At the first glance, adults even kids can easily

remember the product because of it has only one word and the

pronunciation is just simple.

The Brand Logo

The Product Place/Vicinity

COLLEGE OF BUSINESS MANAGEMENT AND ACCOUNTANCY 22

Floor Plan

Physical Store

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The Product Feature

Our product contains spinach leaves, cornstarch, flour, egg, and butter

as its ingredients. These Chips combine a delicious chip with a healthier

alternative. Spinach is good for your skin, hair, and bones. Protein, iron,

vitamins, and minerals are also present.

The Product Packaging

The company will utilize a biodegradable Kraft paper bag with a zip

lock design with a sticker of the brand logo. The zip lock serves as a

resalable container, allowing our clients to experience the wonderful taste of

chips without losing flavor due to being left exposed.

COLLEGE OF BUSINESS MANAGEMENT AND ACCOUNTANCY 24

The Product Promotion

The Company will encourage the early adopter customers to urge

their friends, relatives, or work colleagues to try the product as well. By using

such individuals' influence, they can bring clients to the brand who may be

hesitant to be the first to try something new.

The Product Positioning

Producing quality items can improve the image of a company, allowing

it to thrive and gain customer loyalty. Customers will continue to purchase

the Crispynach if the fact that they are a healthy snack is maintained, and it

can improve the image of the company because its popularity is excellent.

The Pricing Strategy

The product's price includes the packages as well as extra costs of

the company during production. The items produced are mall-priced so that

they are affordable to clients, and the pricing will only be increased as the

quantity demanded increases.

COLLEGE OF BUSINESS MANAGEMENT AND ACCOUNTANCY 25

 THE OPERATIONAL PLAN

The Production Plan

The company will always provide fresh raw materials for the

production of Crispynach. This feature also shows the stages in creating the

product, as well as the production schedule in pieces and quantity. It also

displays the entire cost of production for the goods, machineries and

equipment and rental expenses.

The Marketing Plan

Three person owns and operates the business. It has five staff and

follows a functional structure. Employee salaries are determined by the

province's minimum salary and their position in the business.

The Financial Plan

To determine the net income or loss of the business, the total project

cost of the overall operation of the company and the capital investment of the

owner are computed. The balance sheet is stated to monitor the cash flow of

the Company.

COLLEGE OF BUSINESS MANAGEMENT AND ACCOUNTANCY 26

 THE FINANCIAL PLAN

The Financial Narrative

The Chips ‘N Chill Company invests ₱ 84,462.50 on their initial

business. This ₱ 84,462.50 will be used to purchase ingredients for the

production of goods, for rental and utilities, packaging expenses, kiosk

expense as well as machineries and equipment. If the goods are sold in the

price that will range 40-100, the company can make ₱ 108,000 as revenue in

a month. This is enough to finance its employee’s salary, rental expenses,

packaging and production expense for the next month.

In this costing, the owners assumed a 10-year useful life for the

machines, with the exception of the stove, which only lasts 5 years, similar to

the tools and equipment. The demand for the product is expected to grow at

a 5% annual rate, and the owners tend to raise their selling price by 2-3

pesos (P2.00-3.00) each year due to the rising cost of raw materials.

Its sales with the expenses lessen on it, is the net income. The net

income on the other hand is ₱ 25,778.50. Since it is partnership type, the

owner then divides its income into three people, wherein, three of them can

receive the net income individually with an amount of ₱ 8,592.83 per month.

COLLEGE OF BUSINESS MANAGEMENT AND ACCOUNTANCY 27

 Monthly Production Process

Table 1: Direct Raw Materials Requirement (Actual Market Price)

ITEM QUANTITY UNIT PRICE TOTAL

Water Spinach 800 bunch ₱ 12.00/bunch ₱ 9,600.00

Cornstarch 30 kg ₱ 55.00/kg ₱ 1,650.00

Flour 30 kg ₱ 51.00/kg ₱ 1,530.00

Egg 80 trays ₱ 188.00/tray ₱15,040.00

Iodized Salt 3 kg ₱ 29.00/ kg ₱ 87.50

Cooking Oil 16 kg ₱ 80.00/ kg ₱ 1,280.00

White Pepper 10 pc ₱ 60.00/ 200g ₱ 600.00

Sour Cream Powder 16 pc ₱ 100.00/200g ₱ 1,600.00

Cheese Powder 16 pc ₱ 100.00/200g ₱ 1,600.00

Barbecue Powder 16 pc ₱ 100.00/200g ₱ 1,600.00

TOTAL ₱ 34,587.50

The quantity needed for each item and their corresponding price are

computed with the total of ₱ 34,587.50 which is good for 1 month. In this

production, a company can produce 1,600 pcs of Crispynach in a month,

400pcs in a week, which means 100 pcs are produced every Tuesday,

Thursday, Saturday and Sunday.

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Monthly Production Plan

Table 2: Monthly Production

ITEM QTY PRODUCE NO OF. PRODUCE IN A MONTHLY
IN A WEEK WEEKS MONTH COST
Crispynach 400 pcs 4 1,600 pcs ₱ 34,587.50

Weekly Production Plan

Table 3: Weekly Production

ITEM QTY PRODUCE NO OF. PRODUCE IN A WEEKLY
IN A DAY DAYS WEEK COST
Crispynach 100 pcs 4 400 pcs ₱ 8,646.78

Daily Production Plan

Table 4: Daily Production

ITEM PRICE/UNIT QUANTITY TOTAL DAILY COST

Water Spinach 50 bunch ₱ 12.00/bunch ₱ 600.00

Cornstarch 2 kg ₱ 55.00/kg ₱ 110.00

Flour 3 kg ₱ 51.00/kg ₱ 153.00

Egg 21 pc ₱ 9 / pc ₱189.00

Iodized Salt 1 kg ₱ 29.00/ kg ₱ 29.50

Cooking Oil 7kg ₱ 80.00/ kg ₱ 560.00

White Pepper 2 pc ₱ 60.21/ 200g ₱ 120.21

Flavoring Powder 4 pc ₱ 100.00/200g ₱ 400.00

TOTAL ₱ 2,161.71

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Expenses

Table 5: Machinery & Equipment

Item Unit price Quantity Total
Machines Chest Freezer 8,495.00 1 8,495.00
Gas Deep Fryer 5,000.00 1 5,000.00
5L Planetary Mixer 2,810.00 1 2,810.00
Equipment Mixing Bowl 300.00 3 900.00
Knife 50.00 2 100.00
TOTAL COST ₱ 17,305.00

Table 6: Indirect Materials

Item Unit price Qty Total
Pouch Ziplock (18x26cm) ₱ 150.00 / 100 pcs 4 ₱ 600.00
Pouch Ziplock(12x20cm) ₱ 150.00 / 100 pcs 4 ₱ 600.00
TOTAL COST ₱ 1,200.00

Table 7: Other Requirement

Business Permit & Licenses ₱ 3,000
Kiosk Food Stall ₱ 10,000.00
TOTAL ₱ 13,000.00

Table 8: Labor Requirement

Position No. of Days Daily Rate Monthly
Inventory / Server 26 ₱ 368.00 ₱ 9,568
Cashier 26 ₱ 368.00 ₱ 9,568
Cook 26 ₱ 368.00 ₱ 9,568
Utility 26 ₱ 368.00 ₱ 9,568
₱ 38,272.00

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Table 9: Utilities Expense per Month
Utility Cost

Electricity ₱ 1,500.00

Water (Gallon) 18.9L x 5pcs ₱ 750.00

Liquefied Petroleum Gas Tank (11kg) ₱ 1,120.00

Space Rental ₱ 5,000.00

TOTAL ₱ 8, 370.00

Production Sales (per unit)

Qty. Qty.
Item Cost/unit Total
Made Sold

200 180 Crispynach Plain (100g) ₱ 80.00 ₱ 14,400.00

200 180 Crispynach Cheese (100g) ₱ 100.00 ₱ 18,000.00

200 Crispynach Sour Cream ₱ 100.00 ₱ 18,000.00

180
(100g)

200 180 Crispynach BBQ (100g) ₱ 100.00 ₱ 18,000.00

200 180 Crispynach Plain (50g) ₱ 40.00 ₱ 7,200.00

200 180 Crispynach Cheese (50g) ₱ 60.00 ₱ 10,800.00

200 Crispynach Sour Cream ₱ 60.00

180 ₱ 10,800.00
(50g)

200 180 Crispynach BBQ (50g) ₱ 60.00 ₱ 10,800.00

TOTAL ACTUAL MONTHLY SALES ₱ 108,000.00

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 INCOME STATEMENT

Chips ‘N Chill Company

Income Statement

For the month ended February 2023

Revenues

Crispynach Sales ₱ 108,000.00

________________

TOTAL REVENUES: ₱ 108,000.00

Expenses

Cost of Goods Sold ₱ 35,787.50

Salary Expense ₱ 38,064.00

Rent Expense ₱ 5,000.00

Utilities Expense ₱ 3,370.00

_________________

TOTAL EXPENSES: ₱ 82, 221.50

NET INCOME ₱ 25,778.50

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 The Balance Sheet

CHIPS ‘N CHILL
BALANCE SHEET
Dec. 31,2023
ASSETS
Cash 10,000.00

Inventory 21,407.50

Machineries 16,305.00

Tools And Equipment 12,000.00

Computer 10,965.00

Vehicle 73,295.50

TOTAL ASSETS 143,973.00

LIABILITIES
Accounts Payable 100,440.00
Total Liabilities 100,440.00
EQUITY
Capital Stock 35,478.50
Retained earnings 8,054.50
Total Equity 43,533.00
TOTAL LIABILITIES AND EQUITY 143,973.00

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 The Entrepreneur’s Profile

Name: Pinky C. Condes

What can you contribute to the company?
- I can help my company by actively seeking out major opportunities. I'm
always looking for connections where the business and the market
connect. In this way, I can define the right vision for our company while still
achieving its goals.

Name: Morino D. Pin

What can you contribute to the company?
- My commitment to this job. Through my past experience, I can
now utilize my knowledge and so in this way, I can give the company a
strong organizational team.

Name: Catalino P. Sunio Jr.

What can you contribute to the company?
- My knowledge, skills and capability to perform efficiently in
handling Company’s task and met Company’s mission and
objective.

Name: John Humprey Lavega

What can you contribute to the company?
- I can contribute my skills in handling production, as well as
serving the people and doing what is best and right for my company.

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 Name: John Christian C. Delas Marias
What can you contribute to the company?
- I will contribute my basic skill knowledge, leadership and my decision
making in handling the market. In this way, I can help my subordinates to
perform better in their job by imparting my knowledge to them so that they
can do their jobs effectively.

Name: Christian Joy U. Duma

What can you contribute to the company?
- I can contribute by ensuring the safety and the cleanliness of the
products as well as providing good quality items to promote the
customer’s loyalty.

Name: Chrismar Jay V. Espora

What can you contribute to the company?
- By applying my knowledge and skills through my past experiences. Ang
improving my skill in handling people, in this way, as an owner, I can
impartly share my knowledge to my workers.

Name: Renjie Fortuna

What can you contribute to the company?
- Having a Good Character is also the one I can contribute in
Company. I can also contribute my skills as a utility and product packager
in handling task at a specific time.

Documentation

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