St. John Colleges: Bachelor of Science in Accountancy

St.
John Colleges
Chipeco Avenue, Calamba City, Laguna
Bachelor of Science in Accountancy
Schedule I Unit Sold
YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Production in units 72,576 76,205 80,015 84,016 88,217
Add: Beginning work in
- - - - -
process
Total number of units in
72,576 76,205 80,015 84,016 88,217
process
Less: Ending work in
- - - - -
process
Total number of units
72,576 76,205 80,015 84,016 88,217
produced
Add: Beginning finished
- - - - -
goods
Total units available for sale 72,576 76,205 80,015 84,016 88,217
Less: Ending Inventory - - - - -
Total Number of Units Sold 72,576 76,205 80,015 84,016 88,217
Schedule II Net Purchases

Purchases 573,416.79 602,087.63 632,192.00 663,801.61 696,991.69
Freight-in 4,800.00 5,040.00 5,292.00 5,556.60 5,834.43
Purchase returns
- - - - -
and allowances
Total Net Purchase 578,216.79 607,127.63 637,484.00 669,358.21 702,826.12
132
St. John Colleges
Schedule III Factory Overhead

Indirect Materials 231,522.32 243,098.44 255,253.36 268,016.03 281,416.83
Employee Benefits 36,780.00 38,619.00 40,549.95 42,577.45 44,706.32
Rent 78,000.00 78,000.00 93,600.00 93,600.00 93,600.00
Utilities 79,832.84 96,720.56 101,556.59 106,634.42 111,966.14
Depreciation 9,890.17 9,890.17 9,890.17 9,890.17 9,890.17
Total Factory Overhead 435,025.33 466,328.17 500,850.07 520,718.07 541,579.46
Schedule IV Depreciation
ANNUAL DEPRECIATION ALLOCATION
Kitchen, Tools, Materials and Equipment 6,189.25 Factory Overhead
Office Equipment 5,712.60 Operating Expenses
Furniture and Fixtures 6,945.95 Operating Expenses
65% Factory Overhead,

Leasehold Improvements 5,693.72
35% Operating Expenses
TOTAL 24,541.52
Allocated to Factory Overhead 9,890.17
Allocated to Operating Expenses 14,651.35
133
St. John Colleges
Kitchen Tools, Materials and Equipment

TOTAL ESTIMATED USEFUL LIFE ANNUAL DEPRECIATION
30,946.25 5 Years 6,189.25
Office Equipment
ANNUAL
DESCRIPTION QUANTITY UNIT UNIT COST TOTAL
DEPRECIATION
Computer 1 Set 21,488.00 21,488.00 4,297.60
Printer 1 Piece 3,400.00 3,400.00 680.00
Cellular Phone 1 Piece 3,675.00 3,675.00 735.00
TOTAL 28,563.00 28,563.00 5,712.60
Leasehold Improvements
TOTAL ESTIMATED USEFUL LIFE ANNUAL DEPRECIATION
28,468.60 5 Years 5,693.72
134
St. John Colleges
Furniture and Fixtures

ANNUAL
DESCRIPTION QUANTITY UNIT UNIT COST TOTAL
DEPRECIATION
Mono block 2 Piece 149.00 298.00 59.50
Chairs 1 Piece 1,989.00 1,989.00 397.80
Office Table 2 Piece 675.00 1,350.00 270.00
Stand Fan 1 Piece 1,175.00 1,175.00 235.00
Wall Fan 1 Piece 1,025.00 1,025.00 205.00
Air Conditioner 1 Piece 9,995.00 9,995.00 1,999.00
Wall Clock 1 Piece 309.75 309.75 61.95
File Cabinet 1 Piece 1,350.00 1,350.00 270.00
Water Dispenser 1 Piece 5,599.75 5,599.75 1,119.95
CCTV camera 1 Piece 1,800.00 1,800.00 360.00
Refrigerator 1 Piece 8,999.00 8,999.00 1,799.80
Exhaust Fan 1 Piece 839.75 839.75 167.95
Total 33,906.25 34,730.25 6,945.95
135
St. John Colleges
Schedule V Rent
Annual Rent Payment 120,000.00 120,000.00 144,000.00 144,000.00 144,000.00

Allocated to Factory
78,000.00 78,000.00 93,600.00 93,600.00 93,600.00
Overhead (65%)
Allocated to Operating
42,000.00 42,000.00 50,400.00 50,400.00 50,400.00
Expenses (35%)
Schedule VI Utilities
Power and Light 115,637.15 121,419.01 127,489.96 133,864.46 140,557.68
Water 5,682.60 5,966.73 6,265.07 6,578.32 6,907.24
Communication 1,500.00 1,575.00 1,653.75 1,736.44 1,823.26
Total 122,819.75 128,960.74 135,408.78 142,179.22 149,288.18

Allocated to Factory
79,832.84 96,720.56 101,556.59 106,634.42 111,966.14
Overhead (65%)
Allocated to Operating
42,986.91 45,136.26 47,393.07 49,762.73 52,250.88
Expenses (35%)
136
St. John Colleges
Schedule VII Direct Materials
Pork Lean 2,035.50 2,137.28 2,244.14 2,356.35 2,474.17
Isaw Casing 50,976.00 53,524.80 56,201.04 59,011.09 61,961.65
Onion 177.00 185.85 195.14 204.90 215.15
Soy Sauce 354.00 371.70 390.29 409.80 430.29
Black Pepper 17.70 18.59 19.52 20.50 21.53

Ginger 35.40 37.17 39.03 40.98 43.03
Chili flakes 354.00 371.70 390.29 409.80 430.29
Garlic Powder 354.00 371.70 390.29 409.80 430.29
Calamansi 88.50 90.925 95.47 100.24 105.25
Butter 1,062.00 1,115.10 1,170.90 1,229.40 1,290.87

Egg 3,894.00 4,088.70 4,293.14 4,507.80 4,733.19
Rice 708.00 743.40 780.57 819.60 860.58
Bread 7,080.00 7,434.00 7,805.70 8,195.99 8,605.79
Catsup 708.00 743.40 780.57 819.60 860.58
Salt 17.70 18.59 19.52 20.50 21.53

Mayo 354.00 371.70 390.29 409.80 430.29
Cooking Oil 1,062.00 1,115.10 1,170.90 1,229.40 1,290.87
Multiply by: Unit cost
137
St. John Colleges
Pork Lean 180.00 189.00 198.45 208.37 218.79
Isaw Casing 0.80 0.84 0.882 0.9261 0.972405

Onion 60.00 63.00 66.15 69.46 72.93
Soy Sauce 9.00 9.45 9.92 10.416 10.94
Black Pepper 40.00 42.00 44.10 46.31 48.63

Ginger 160.00 168.00 176.40 185.22 194.48
Chili flakes 10.00 10.50 11.00 11.55 12.13
Garlic Powder 10.00 10.50 11.00 11.55 12.13
Calamansi 80.00 84.00 88.20 92.61 97.24

Butter 27.50 28.38 29.80 31.29 32.85
Egg 3.50 3.68 3.86 4.05 4.25
Rice 40.00 42.00 44.10 46.31 48.63
Bread 10.00 10.50 11.03 11.58 12.16
Catsup 18.00 18.90 19.85 20.84 21.88

Salt 40.00 42.00 44.10 46.31 48.63
Mayo 80.00 84.00 88.20 92.61 97.24
Cooking Oil 16.00 16.80 17.64 18.52 19.45
Total Cost, inclusive of VAT 642,226.80 674,338.14 708,055.05 743,457.80 780,630.69
Divide by: 1.12 1.12 1.12 1.12 1.12

Total cost, exclusive of
573,416.79 602,087.63 632,192.00 663,801.61 696,991.69
VAT
138
St. John Colleges
Schedule VIII Indirect Materials

Water 354 371.70 390.29 409.80 430.29
Label 77,880 81,774 85,862.70 90,155.84 94,663.63
Plastic Packaging 53,100 55,755 58,542.75 51,469.89 64,543.38
Paper Packaging 35,400 37,170 39,028.50 40,979.93 43,028.93
Multiply by: Unit Cost
Water 25.00
Label 1.00 1.05 1.10 1.16 1.22
Plastic Packaging 1.95 2.05 2.15 2.26 2.37
Paper Packaging 1.95 2.05 2.15 2.26 2.37
Total cost, inclusive of VAT 259,305.00 272,270.25 285,883.76 300,177.95 315,186.85
Divide by: 1.12 1.12 1.12 1.12 1.12
Total cost, exclusive of VAT 231,522.32 243,098.44 255,253.36 268,016.03 281,416.83
Schedule IX Ending Inventory

Cost of goods sold 1,216,527.12 1,286,899.80 1,362,450.27 1,425,398.29 1,491,493.69
Divide by: number of units sold 72,576 76,205 80,015 84,016 88,217
Cost per unit 16.76 16.89 17.03 16.97 16.91
Ending inventory (in units) 0.00 0.00 0.00 0.00
Ending Inventory (in peso) 0.00 0.00 0.00 0.00 0.00
139
St. John Colleges
Schedule X - Supplies
Office supplies 11,459.00 12,031.95 12,633.55 13,265.23 13,928.49
Cleaning/safety Supplies 4,922.00 5,168.10 5,426.51 5,697.84 5,982.73
Total 16,381.00 17,200.05 18,060.06 18,963.07 19,911.22
Supplies used, 95% 15,561.95 16,340.05 17,157.06 18,014.92 18,915.66
Supplies unused, 5% 819.05 860.00 903.00 948.15 995.56
Schedule XI Output Tax Payable
Total Sales, VAT inclusive 2,540,160.00 2,800,526.40 3,087,780.39 3,404,319.81 3,753,615.48
Divide by: 112% 2,268,000.00 2,500,470.00 2,756946.78 3,039,571.26 3,351,442.39
Total Sales, VAT exclusive 272,160.00 300,056.40 330,833.61 364,748.55 402,173.09
140
St. John Colleges
Schedule XII Input Tax Payable
Input Tax for the first year, first month
Kitchen Tools, Materials and Equipment 30,946.25 - - - -
Office Equipment 28,563.00 - - - -
Furniture and Fixtures 25,731.25 - - - -
Leasehold Improvement 28,468.60 - - - -

Input Tax for the first-last year, first-
last month
Direct Materials 573,416.79 602,087.63 632,192.00 663,801.61 696,991.69
Indirect Materials 231,522.32 243,098.44 255,253.36 268,016.03 281,416.83
Selling and Marketing Expense 6,030.00 6,331.50 6,648.08 6,980.48 7,329.50
Rental Payment 120,000.00 126,000.00 132,300.00 138,915.00 145,860.75
Office Supplies 11,459.00 12,031.95 12,633.55 13,265.23 13,928.49
Cleaning/Safety Supplies 4,922.00 5,168.10 5,426.51 5,697.84 5,982.73
Total Expenses, inclusive of input tax 1,061,059.21 994,717.62 1,044,453.50 1,096,676.19 1,151,509.99
Divide by: 12 months 12 months 12 months 12 months 12 months

Input Tax creditable against output tax
88,421.60 82,893.14 87,037.79 91,389.68 95,959.17
in December
141
St. John Colleges
Employee Benefits
Factory Overhead
Production Worker (2)

13 Month Pay 16,320.00
SSS 14,143.20
Pag-IBIG 2,400.00
PhilHealth 3,916.80
Total 36,780.00
Operating Expense
Service Crew
13 Month Pay 8,160.00
SSS 7,071.60
Pag-ibig 1,958.40
Philhealth 1,200.00
Total 18,390.00
142
St. John Colleges
Schedule XIII-Profit Sharing Plan
Year 1
Profit Ariola, Capital De Jose,Capital Malano, Capital Oliquino,Capital Pullos, Capital

Salaries & 367,200.00 - - 122,400.00 122,400.00 122,400.00
Wages
Remaining 166,252.51 33,250.50 33,250.50 33,250.50 33,250.50 33,250.51
Balances
Total 533,452.51 33,250.50 33,250.50 155,650.50 155,650.50 155,650.51
Year 2

Salaries & 385,560.00 - - 128,520.00 128,520.00 128,520.00
Wages
Remaining 273,622.45 54,724.49 54,724.49 54,724.49 54,724.49 54,724.49
Balances
Total 659,182.45 54,724.49 54,724.49 183,244.49 183,244.49 183,244.49
Year 3

Salaries & 404,838.00 - - 134,946.00 134,946.00 134,946.00
Wages
Remaining 367,067.04 73,413.41 73,413.41 73,413.41 73,413.41 73,413.40
Balances
Total 771,905.04 73,413.41 73,413.41 208,359.41 208,359.41 208,359.40
143
St. John Colleges
Year 4
Profit Ariola, Capital De Jose, Capital Malano, Capital Oliquino,Capital Pullos, Capital
Salaries & 425,079.90 - - 141,693.30 141,693.30 141,693.30
Wages
Remaining 492,150.52 98,430.11 98,430.11 98,430.10 98,430.10 98,430.10
Balances
Total 917,230.42 98,430.11 98,430.11 240,123.40 240,123.40 240,123.40
Year 5
Profit Ariola, Capital De Jose, Capital Malano, Capital Oliquino,Capital Pullos, Capital
Salaries & 446,333.91 - - 148,777.97 148,777.97 148,777.97
Wages
Remaining 634,068.99 126,813.80 126,813.80 126,813.80 126,813.80 126,813.79
Balances
Total 1,080,402.90 126,813.80 126,813.80 275,591.77 275,591.77 275,591.76
Schedule XIV Annual Cash Flow
Year 1 Year 2 Year 3 Year 4 Year 5

Net Income After 533,452.51 659,182.45 771,905.04 917,230.42 1,080,402.90
Tax
Add: Depreciation 24,541.52 24,541.52 24,541.52 24,541.52 24,541.52
Annual Cash Flow 557,994.03 683,723.97 796,446.56 941,771.94 1,104,944.42
144

St. John Colleges: Bachelor of Science in Accountancy

Caricato da

Informazioni sul documento

Descrizione originale:

Titolo originale

Copyright

Formati disponibili

Condividi questo documento

Condividi o incorpora il documento

Opzioni di condivisione

Hai trovato utile questo documento?

Questo contenuto è inappropriato?

Copyright:

Formati disponibili

St. John Colleges: Bachelor of Science in Accountancy

Caricato da

Copyright:

Formati disponibili

St.

Schedule I Unit Sold

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Schedule II Net Purchases

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Schedule III Factory Overhead

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

ANNUAL DEPRECIATION ALLOCATION

Kitchen, Tools, Materials and Equipment 6,189.25 Factory Overhead

Office Equipment 5,712.60 Operating Expenses

Furniture and Fixtures 6,945.95 Operating Expenses

65% Factory Overhead,

Allocated to Factory Overhead 9,890.17

Allocated to Operating Expenses 14,651.35

Kitchen Tools, Materials and Equipment

Computer 1 Set 21,488.00 21,488.00 4,297.60

Printer 1 Piece 3,400.00 3,400.00 680.00

Cellular Phone 1 Piece 3,675.00 3,675.00 735.00

TOTAL 28,563.00 28,563.00 5,712.60

TOTAL ESTIMATED USEFUL LIFE ANNUAL DEPRECIATION

28,468.60 5 Years 5,693.72

Furniture and Fixtures

Chairs 1 Piece 1,989.00 1,989.00 397.80

Office Table 2 Piece 675.00 1,350.00 270.00

Stand Fan 1 Piece 1,175.00 1,175.00 235.00

Wall Fan 1 Piece 1,025.00 1,025.00 205.00

Air Conditioner 1 Piece 9,995.00 9,995.00 1,999.00

Wall Clock 1 Piece 309.75 309.75 61.95

File Cabinet 1 Piece 1,350.00 1,350.00 270.00

Water Dispenser 1 Piece 5,599.75 5,599.75 1,119.95

CCTV camera 1 Piece 1,800.00 1,800.00 360.00

Refrigerator 1 Piece 8,999.00 8,999.00 1,799.80

Exhaust Fan 1 Piece 839.75 839.75 167.95

Total 33,906.25 34,730.25 6,945.95

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Annual Rent Payment 120,000.00 120,000.00 144,000.00 144,000.00 144,000.00

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Power and Light 115,637.15 121,419.01 127,489.96 133,864.46 140,557.68

Water 5,682.60 5,966.73 6,265.07 6,578.32 6,907.24

Communication 1,500.00 1,575.00 1,653.75 1,736.44 1,823.26

Total 122,819.75 128,960.74 135,408.78 142,179.22 149,288.18

Schedule VII Direct Materials

YEAR 1 YEAR 2 YEAR 3 YEAR 4 YEAR 5

Pork Lean 2,035.50 2,137.28 2,244.14 2,356.35 2,474.17

Isaw Casing 50,976.00 53,524.80 56,201.04 59,011.09 61,961.65

Onion 177.00 185.85 195.14 204.90 215.15

Soy Sauce 354.00 371.70 390.29 409.80 430.29

Black Pepper 17.70 18.59 19.52 20.50 21.53

Chili flakes 354.00 371.70 390.29 409.80 430.29

Garlic Powder 354.00 371.70 390.29 409.80 430.29

Calamansi 88.50 90.925 95.47 100.24 105.25

Butter 1,062.00 1,115.10 1,170.90 1,229.40 1,290.87

Rice 708.00 743.40 780.57 819.60 860.58

Bread 7,080.00 7,434.00 7,805.70 8,195.99 8,605.79

Catsup 708.00 743.40 780.57 819.60 860.58

Salt 17.70 18.59 19.52 20.50 21.53

Cooking Oil 1,062.00 1,115.10 1,170.90 1,229.40 1,290.87

Multiply by: Unit cost

Pork Lean 180.00 189.00 198.45 208.37 218.79

Isaw Casing 0.80 0.84 0.882 0.9261 0.972405

Soy Sauce 9.00 9.45 9.92 10.416 10.94

Black Pepper 40.00 42.00 44.10 46.31 48.63