Exercise No.

1 - Traditional P&L to CM P&L

Income Statement ABC Company

September 30, 2018
Traditional P&L
Operating Summary
MONTH ACTUAL
Amt Pct
Gross Sales 1,493,212 100.0

Cos-F&P-Standard 543,028 36.4

Cos-F&P-Variance 0 -
Cos-F&P-Actual 543,028 36.4

Gross Margin 950,184 63.6

Discounts 12,903 0.9
Freight 24,890 1.7
Gross Profit 912,391 61.1

Royatly and Ads 118,425 7.9

Promo-Loc 12,615 0.8

S&B Monthlies 87,612 5.9

S&B Dailies 171,353 11.5
Depreciation 35,999 2.4
Rental *** 217,024 14.5
Electricity 91,679 6.1
Opn Supplies 53,412 3.6
Maintenance *** 16,101 1.1
Security & Janitorial 0 -
Taxes and Licenses *** 30,132 2.0
Others 50,450 3.4
Total Opn Exp 753,763 50.5

Add: Other Income 3,158 0.2

GP-Novelty 1,227 0.1
Delivery Chrgs (44,443) (3.0)
Less: Adm Cost 10,014 0.7
Pre-Operating 0 -
Nic (22,483) (1.5)

Opn Expenses-Others:
Training & Seminars 0 -
Insurance 962 0.1
Telephone 4,180 0.3
Gas and Lub 0 -
Office Supplies 4,950 0.3
Representation 2,648 0.2
Travel and Transport 2,867 0.2
Professional Fees 0 -
Misc Employee Related 9,016 0.6
Misc Expenses - KPP 0 -
Misc Others 25,827 1.7

Total Others 50,450 3.4

*** If no breakdown, assume variable cost.
Instruction: Transfer the amounts in the Traditional P&L to the C

CM P&L
Operating Summary
MONTH ACTUAL
Amt
Gross Sales 1,493,212

Cos-F&P-Total
Discounts
Freight
Royalty and Ads
Promo-Local
S&B Dailies
Rental - Percentage
Opn Supplies
Repairs & Maintenance
Taxes and Licenses - Variable
Total Variable Cost 0

Contribution Margin 1,493,212

S&B Monthlies
Depreciation 35,999
Rental - Fixed
Electricity - Fixed
Preventive Maintenance
Security & Janitorial
Taxes and Licenses - Fixed
Others
Total Fixed Cost 35,999

NOI before Other Income/Expenses 1,457,213

Add: Other Income
GP Novelty
Delivery Income
Less: Pre-op Expenses
Administrative Cost
Net Operating Income 1,457,213
Add: Depreciation 35,999
EBITDA 1,493,212

Opn Expenses-Others:
Training & Seminars
Insurance
Telephone
Gas and Lub
Office Supplies
Representation
Travel and Transport
Professional Fees
Misc Employee Related
Misc Expenses - KPP
Misc Others
Disallowed VAT Input-Senior Citizen
Total Others 0

COS-Food
COS-Paper
Spcl Food
Spcl Paper
Price/Usage Variance

Gross Margin 1,493,212

Gross Profit 1,493,212
Total Opex 35,999

LPG
Operating Supplies
Janitorial Supplies
Supplies Others

JEDs Income
JEDs Contracted Services
JEDs Telephone
JEDs Admin Cost
JEDs Others

Dailies Breakdown:
Basic
Ecola/EDA/AHED
OT
Meals
Gov't(SSS,HDMF,Philhealth)
13th Month,Retirement,Leaves,Medical
Agency (Service Coop)
Admin Fee (Service Coop)
SEEDs
Others (TESDA, WAP, Kash)
Total 0

Discount Breakdown:
Senior Citizens
Employee Discount
Promo Discount
People with Disability
Total 0

Security Breakdown:
Security
Janitorial
Total 0

Utilities Breakdown:
Electricity
Water
Diesel for Genset
Total 0
 onal P&L to the CM P&L Format

M P&L
g Summary
TUAL
Pct
100.0

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-
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100.0

-
2.4
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 -
-
-
-
2.4

97.6
-
-
-
-
-
97.6
2.4
100.0

-
-
-
-
-
-
-
-
-
-
 -
-
-

-
-
-
-
-

100.0
100.0
2.4

-
-
-
-

-
-
-
-
-

-
-
-
-
-
-
-
-
-
-
-

-
-
-
-
-

-
-
-

-
-
-
-
Exercise No. 2 - A
Instruction: Indicate the correct classification for each of the ff expenses, select from Drop Down List

# Description
1 Total Sales for the month
2 PCF Purch: Mineral water bought outside by the store.
3 PCF Purch: Table napkin given to customers.
4 Stock Transfer of toys.
5 Employer's SSS contribution of a manager's salary.
6 Lamination of IDs for a crew.
7 Purchase of kitchen knife for use in preparation of food.
8 Zonrox
9 Scotch Tape
10 Helpdesk Fee Charged by IM
11 Internet Service
12 Taxi Allowance of Management Team
13 Dailies paid to Agency
14 Barangay Clearance
15 JEDs wages/salary (billed by outsourced services)
16 JKP balloons
17 JKP party fee paid by customer
18 CUSA - Common Usage
19 Cable/newspaper subscription
20 Free newspaper to Breakfast customer
21 Trade Area Merchandising Fee (.3% of Gross Sales)
22 Royalty and Advertising Fee (9% and 3%)
23 Salary of Borrowed Manager
24 Unclaimed Change from Customers
25 Freight Charged by Commissary for Deliveries to Store
26 Loss from sale of Excess Toy Novelty (Baratillo)
27 Fixed rental paid before store opening
28 Minimum Guaranteed Rental
29 PCF Purch: Straw used in the drinks
30 Convention Expenses and Sales Rallies
31 Diesel for Genset
32 Cost of Sales (w/o PCF Purch) for the month is 40% of sales
33 Discounts to Senior Citizen
34 Utilities for the month
xpenses, select from Drop Down List

P&L Account Cost Behavior Sub-account