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    Expenses:: Q: Yearly Budget????

    Uploaded by

    Anonymous fyPLVE
    This document outlines the startup expenses, operational expenses, product pricing, and assumptions for a new food business selling veggie meat siomai. Key expenses include ₱4,000 for advertising, ₱51,895 for renovations, ₱64,094 for equipment, ₱18,232 monthly for ingredients, and ₱34,188 annually for utilities. The business is capitalized with ₱1,000,000 total and ₱400,000 bank loan. Siomai are priced between ₱2.56-₱3.75 per piece depending on variety. Major assumptions include using straight line depreciation and 5% annual growth

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    Expenses:: Q: Yearly Budget????

    Uploaded by

    Anonymous fyPLVE
    49 views6 pages
    This document outlines the startup expenses, operational expenses, product pricing, and assumptions for a new food business selling veggie meat siomai. Key expenses include ₱4,000 for advertising, ₱51,895 for renovations, ₱64,094 for equipment, ₱18,232 monthly for ingredients, and ₱34,188 annually for utilities. The business is capitalized with ₱1,000,000 total and ₱400,000 bank loan. Siomai are priced between ₱2.56-₱3.75 per piece depending on variety. Major assumptions include using straight line depreciation and 5% annual growth

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    This document outlines the startup expenses, operational expenses, product pricing, and assumptions for a new food business selling veggie meat siomai. Key expenses include ₱4,000 for advertising, ₱51,895 for renovations, ₱64,094 for equipment, ₱18,232 monthly for ingredients, and ₱34,188 annually for utilities. The business is capitalized with ₱1,000,000 total and ₱400,000 bank loan. Siomai are priced between ₱2.56-₱3.75 per piece depending on variety. Major assumptions include using straight line depreciation and 5% annual growth

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    49 views6 pages

    Expenses:: Q: Yearly Budget????

    Uploaded by

    Anonymous fyPLVE
    This document outlines the startup expenses, operational expenses, product pricing, and assumptions for a new food business selling veggie meat siomai. Key expenses include ₱4,000 for advertising, ₱51,895 for renovations, ₱64,094 for equipment, ₱18,232 monthly for ingredients, and ₱34,188 annually for utilities. The business is capitalized with ₱1,000,000 total and ₱400,000 bank loan. Siomai are priced between ₱2.56-₱3.75 per piece depending on variety. Major assumptions include using straight line depreciation and 5% annual growth

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 6

    Expenses:

    Advertising
    Grand Opening ₱ 2,000.00 (tarpaulin, balloons, distribution fee)
    Flyers and Leaflets ₱2,000.00 (printing and distribution)
    ₱ 4,000.00
    Q: yearly budget????

    Rent Expense
    ₱ 8,500.00 monthly rent

    Renovation Expenses
    ₱ 51,895.00

    Machineries and Equipment ₱ 40,627.00


    Kitchen Utensils ₱ 1,629.00
    Furniture and Fixtures ₱ 12,762.00
    Office Supplies ₱ 1,212.00
    Sanitary Supplies ₱ 1,555.00
    Production Supplies ₱ 5,210.00
    ₱ 64,094.00

    Q: how to compute deprecation ????


    (5% salvage value)
    Ingredients/Raw materials
    Monthly Supply ₱ 18,232.00

    Q: indirect materials, labor cost ????

    De Minimis Benefits (Store Uniforms)

    2- tshirt ₱ 300 annually


    2 – polo shirt ₱ 400 annually
    3 – apron ₱ 150 annually
    2 – sun visor ₱ 300 annually
    ₱ 1,150.00

    Q:hairnet, facemask, gloves supplies????

    Utilities Requirements/Expense

    Electricity ₱ 14,400 annually


    Water Supply ₱ 1,800 annually
    Internet ₱ 8,388 annually
    LPG ₱ 9,600 annually
    ₱ 34,188.00
    Direct Labor Requirements
    1 – sales crew ( 6 hours every 6 days ) wage: 200
    1 – production crew (8 hours every 5 days) wage: 320

    Q: owners salary --- withdrawals????

    SSS/ Phil Health/ Pag-ibig and other Benefits


    SSS 3.6% ₱ 4,774.80
    PhilHealth 2.5% ₱ 3,300.00
    Pag-IBIG 1.3% ₱ 2,400.00
    13th month ₱ 23,200.00 (2 employees) + (2 employer)
    13th month ₱ 11,600.00 (2 employees)
    Christmas bonuses ₱ 1,000.00 ( 2 employees)

    Q: employers contribution????

    Capitalization
    ₱1,000,000
    ₱300,000 each partner
    ₱ 400,000 bank loan from partner A that will be paid for 3 years. The collateral will be derived
    from the personal properties.

    Q: payment of loan????
    Product Pricing
    Assumption:

    Labor cost is 10% of raw materials/ingredients


    Overhead cost is 10% of the total cost for raw materials/ingredients and labor cost.
    Mark up 35%
    Raw materials/ingredients were based on the 1 batch production with 150 pieces of siomai per
    variant.

    Variants
    Description Plain Veggie-
    Veggie-beef Veggie-pork
    Veggie chicken
    Siomai Siomai
    Siomai Siomai
    Raw materials/ingredients 234.75 334.75 344.75 309.75
    Labor Cost 23.48 33.48 34.48 30.98
    Overhead Cost 25.82 36.82 37.92 34.07
    Total: 284.05 405.05 417.15 374.80
    Price per piece (total/150pieces) 1.89 2.70 2.78 2.50
    Mark up (35%) 0.66 0.95 0.97 0.87
    Price per piece: 2.56 3.65 3.75 3.37

    VEGGIE - MEAT SIOMAI


    Plain Veggie Veggie-Beef Veggie-Pork Veggie-Chicken
    Siomai Siomai Siomai Siomai
    Solo Orders
    ₱15.00 ₱15.00 ₱15.00 ₱15.00
    (4pcs./serving)
    Combo Meal
    ₱28.00 ₱28.00 ₱28.00 ₱28.00
    (siomai+drinks)
    Bulk Orders
    ₱180.00 ₱180.00 ₱180.00 ₱180.00
    (50pcs./box)
    DRINKS
    Black Gulaman Pineapple Juice Iced Tea
    Solo Orders (12oz./serving) ₱15.00 ₱15.00 ₱15.00
    Demand and Supply
    A. DEMAND
    1. Past Demand
    2. Projected Demand

    B. SUPPLY
    1. Past Supply
    2. Projected Supply

    C. DEMAND SUPPLY GAP ANALYSIS

    D. MARKET SHARE ANALYSIS


    1. Projected Sales

    Major Assumptions:

    Depreciation method used is a straight line method.


    Sales increase by 5% every year.

    VAT paid is for 11 months (January to February) and VAT for December is paid on the 25th of
    January of the subsequent year as stated in the NIRC.
    Withholding tax on salaries is payable on April 15 of the subsequent year.
    Income Tax for the current year is payable on April 15 of the subsequent year.
    Utilities expense is paid as it comes due.
    Administrative and Selling expense increase 5% per year.

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