Estimated units of production per day 30 (12oz) ice scrambles
x no. of working days in a week 6 days
Estimated units of production in a week 180 (12oz) ice scrambles
Direct Materials Price
Bag of Ice P105.00
4 packs of Flavored Powdered Milk (1kg) P800.00
Evaporated Milk (370ml) P43.60
Wash Sugar (1kg) P55.00
Mini-Marshmallows (680g) P120.00
Sprinkles (1kg) P200.00
Wafer Sticks (100 pcs) P64.00
Chocolate Chip (1kg) P175.00
Chocolate Syrup (170g) P249.00
Strawberry Syrup (22oz) P255.00
Caramel Syrup (623g) P239.00
Powdered Milk (463kcal) P107.00
Total P2,412.60
Overhead/Other Expenses Price
Tissue P12.00
Hardwood Spoon P30.00
Bio-plastic (hard cup) P50.00
Paper Bag P6.00
Electricity P430.00
Total P528.00
Direct Materials P2,412.60
Direct Labor P1,200
Overhead/Other Expenses P528.00
Total Cost Per Week P4,140.60
Pricing
Total Cost P4,140.60
/ Estimated Units Produced 180
Cost per 1 unit of ice scramble P23.003
x Markup multiplier 45%
Selling price P33.35 / P33
Major Assumptions
Each partners will contribute 25,000 for the business. There are 2 partners in total
180 ice scrambles will be produced in the first week of operation and
all of this will be sold.
The costing and pricing is based on the first week operations.
On the following weeks, the following will be sold: 200, 220, and 280, respectively.
A 2,000 rent for 1 month will be paid through weekly installment
A salary of 900 will be equally given to the employees starting from the first week of
operations
The profit will be distributed equally to the two partners.
Sweet Iskrambolicious' product pricing
Fixed price for each iskrambol: Php 33.00
Cost per 1 iskrambol: Php 23.003
Estimated sales per day: 30 (12oz) ice scrambles
Estimated sales per week: 180 (12oz) ice scrambles
Sweet Iskrambolicious
Statement of Comprehensive Income
For the Month Ended March 31, 2022
Weeks
1 2 3 4
Sales 5,940.00 6,600.00 7,260.00 9,240.00
Cost of Goods Sold 4,140.54 4,600.60 5,060.66 6,440.84
Gross Profit 1799.46 1999.4 2199.34 2799.16
Operating Expenses
Rent Expense 500.00 500.00 500.00 500.00
Salary Expense 900.00 900.00 900.00 900.00
Total Operating Expenses 1,400.00 1,400.00 1,400.00 1,400.00
Net income 399.46 599.4 799.34 1399.16
Sweet Iskrambolicious
Statement on Changes of Equity
For the Month Ended March 31, 2022
Week 1
Partner A Partner B Total
Capital, beg. 25,000 25,000 50,000
Additional Investment 0 0 0
Income 199.73 199.73 399.46
Loss 0 0 0
Drawings 0 0 0
Capital, end 25,199.73 25,199.73 50,399.46
Week 2
Partner A Partner B Total
Capital, beg 25,199.73 25,199.73 50,399.46
Additional Investment 0 0 0.00
Income 299.70 299.70 599.40
Loss 0 0 0.00
Drawings 0 0 0.00
Capital, end 25,499.43 25,499.43 50,998.86
Week 3
Partner A Partner B Total
Capital, beg 25,499.43 25,499.43 50,998.86
Additional Investment 0 0 0.00
Income 399.67 399.67 799.34
Loss 0 0 0.00
Drawings 0 0 0.00
Capital, end 25,899.10 25,899.10 51,798.20
Week 4
Partner A Partner B Total
Capital, beg 25,899.10 25,899.10 51,798.20
Additional Investment 0 0 0.00
Income 699.58 699.58 1,399.16
Loss 0 0 0.00
Drawings 0 0 0.00
Capital, end 26,598.68 26,598.68 53,197.36
double rule
Sweet Iskrambolicious
Statement of Cash Flows
For the Month Ended March 31, 2022
Weeks
1 2 3 4
Cash Inflow:
Beginning Balance 0.00 50399.46 50998.86 51798.20
Receipt from Investment 50000.00 0.00 0.00 0.00
Receipt from Sales 5940.00 6600.00 7260.00 9240.00
Total Cash Inflow 55940.00 56999.46 58258.86 61038.20
Cash Outflow:
Payment of Rent 500.00 500.00 500.00 500.00
Payment for Direct Costs 4140.54 4600.60 5060.66 6440.84
Payment for Salaries 900.00 900.00 900.00 900.00
Total Cash Outflow 5540.54 6000.60 6460.66 7840.84
Ending Cash Balance 50399.46 50998.86 51798.2 53197.36
Sweet Iskrambolicious
Statement of Financial Position
March 31,2022
1
Assets
Current Assets
Cash 50,399.46
Noncurrent Assets 0
Total Assets 50,399.46
Total Liabilities and Owners Equity
Current Liabilities
Accounts Payable 0
Capital, end 50,399.46
Total Liabilities and Owner's Equity 50,399.46
us
sition
Weeks
2 3 4
50998.86 51798.2 53197.36
0 0 0
50,998.86 51,798.20 53,197.36
0 0 0
50,998.86 51,798.20 53,197.36
50,998.86 51,798.20 53,197.36
