PRODUCTION REPORT

PRODUCTION PLAN FOR OCTOBER

Forecast
June July August September
October

Bags 10 7 2 2
5.25 or 6
Totes - 18 10 18 26
85.33333
Tassels 40 - 124 92
or 86
ACTUAL PRODUCTION IN OCTOBER

Direct Direct Factory

QTY Total cost
material Labor overhead

Backpack 1 144.80 100.00 10.00 254.80

Tote Bag 15 1,800.00 150.00 10.00 1,960.00

Small bags 15 0.00 15.00 15.00 30.00

Patches 0 0.00 - - 0.00

Furball 6 192.00 - - 192.00

Cost of Sales 2,436.80

 PRODUCTION PLAN FOR NOVEMBER

Forecast
June July August September October
September
Bags 10 7 2 2 1 4.4
Totes - 18 10 26 15 17.25
Tassels 40 - 124 92 - 64

ACTUAL PRODUCTION IN NOVEMBER

Direct Direct Factory

QTY Total cost
material Labor overhead

Backpack 1 144.80 100.00 10.00 254.80

Tote Bag 13 1,560.00 130.00 10.00 1,700.00

Tassels 20 20.00 20.00 20.00 60.00

Patches 6 120.00 - - 120.00

Furball 7 224.00 - - 224.00

Cost of Sales 2,358.80

SALES REPORT

FORECASTED SALE FOR OCTOBER

QTY Total Sales

Backpack 6 3,000

Tote Bag 18 4,500

Tassel 86 4,510

12,230

ACTUAL SALES FOR OCTOBER

QTY Total Sales

Backpack 1 500.00
Tote Bag 15 4,050.00
Small
15
bags 825.00
Patches 0 0.00
Furball 6 594.00

5,969.00
FORECASTED SALES FOR NOVEMBER

QTY Total Sales

Backpack 1 500.00
Tote Bag 13 3,510.00
Tassels 20 1,100.00
Patches 6 240.00
Furball 7 693.00

6,043.00

ACTUAL SALE FOR NOVEMBER

QTY Total Sales

Backpack 5 2,500

Tote Bag 18 4,500

Tassel 64 3,520

10,520
 SALE CHART
16,000.00

14,000.00

12,000.00

10,000.00
9,701.40

8,000.00
5,117.80
8,345.40
6,000.00
5,051.00 5969 6043

4,000.00

5,102.20 4,865.60
2,000.00
2,744.00 2,769.60 2436 2358

0.00
June July August September October November

Cost of Sale Gross Profit

This is because the company only operated for one week in the month of October and only includes the two

weeks operation in the month of November (as of November 25, 2017) .

 FINANCIAL STATEMENT

SPHYNX Co.
STATEMENT OF CASHFLOW
END OF THE MONTH OF APRIL, MAY, JUNE, JULY, AUGUST, SEPTEMBER, OCTOBER AND NOVEMBER 2017
April May June July August September October November
Cash, Beginning - 28,000.00 27,485.00 30,743.00 17,837.72 23,523.12 30,358.52 32,712.72
Add: Cash Inflows
Sales - - 7,795.00 10,220.00 11,115.00 14,567.00 5,969.00 6,043.00
Owners' Investment 28,000.00 - - - - - - -
Depreciation expense - - - - 211.59 211.59 211.59 211.59
Total Cash Inflow 28,000.00 0.00 7,795.00 10,220.00 11,326.59 14,778.59 6,180.59 6,254.59
Cash Available for Use 28,000.00 28,000.00 35,280.00 40,963.00 29,164.31 38,301.71 36,539.11 38,967.31
Deduct: Cash Outflows
Increase/Decrease in Inventory -340.00 340.00 -1366.00 322.00 434.00
Pre-operating expense - (515.00) (1,793.00) - - - - -
Marketing expense - - - (400.00) -1,500.00 0.00 0.00 0.00
Production expense - 0.00 (2,744.00) (5,102.20) -2,769.60 -4,865.60 -2,436.80 -2,358.80
Administrative expense - - - (4,184.00) -1,711.59 -1,711.59 -1,711.59 -1,711.59
Sewing machine (10,995.58) - - - -
Table -1,700.00 - - - -
Office supplies -403.50 - - - -
Total Cash Outflow 0.00 (515.00) (4,537.00) (23,125.28) -5,641.19 -7,943.19 -3,826.39 -3,636.39
Cash, Ending 28,000.00 27,485.00 30,743.00 17,837.72 23,523.12 30,358.52 32,712.72 35,330.92
 SPHYNX Co.
STATEMENT OF INCOME
END OF THE MONTH OF APRIL, MAY, JUNE, JULY, AUGUST, SEPTEMBER, OCTOBER AND NOVEMBER 2017
April May June July August September October November
Sales 0.00 0.00 7,795.00 10,220.00 11,115.00 14,567.00 5,969.00 6,043.00
Less: Cost of Sales 0.00 0.00 (2,744.00) (5,102.20) -2,769.60 -4,865.60 -2,436.80 -2,358.80
Gross Profit 0.00 0.00 5,051.00 5,117.80 8,345.40 9,701.40 3,532.20 3,684.20
Less: Expenses
Pre-operating expense 0.00 (515.00) (1,793.00)
Marketing expense - - - (400.00) -1,500.00 0.00 0.00 0.00
Administrative expense - - - (4,184.00) -1,711.59 -1,711.59 -1,711.59 -1,711.59
Total Expense 0.00 (515.00) (1,793.00) (4,584.00) -3,211.59 -1,711.59 -1,711.59 -1,711.59
Net Income/Loss 0.00 (515.00) 3,258.00 533.80 5,133.81 7,989.81 1,820.61 1,972.61

SPHYNX Co.
STATEMENT OF FINANCIAL POSITION
END OF THE MONTH OF APRIL, MAY, JUNE, JULY, AUGUST, SEPTEMBER, OCTOBER AND NOVEMBER 2017
April May June July August September October November
ASSET
Current Asset/s
Cash 28,000.00 27,485.00 30,743.00 17,837.72 23,523.12 30,358.52 32,712.72 35,330.92
Inventory - - - 340.00 - 1,366.00 1,044.00 610.00
Total Current Asset 28,000.00 27,485.00 30,743.00 18,177.72 23,523.12 31,724.52 33,756.72 35,940.92
Non-Current Asset/s
Sewing machine 10,995.58 10,995.58 10,995.58 10,995.58 10,995.58
Table 1,700.00 1,700.00 1,700.00 1,700.00 1,700.00
Office Supplies 403.50 403.50 403.50 403.50 403.50
Less: Accumulated depreciation - -211.59 -423.19 -634.78 -846.37
Total Non-current Asset 0.00 0.00 0.00 13,099.08 12,887.49 12,675.89 12,464.30 12,252.71
TOTAL ASSETS 28,000.00 27,485.00 30,743.00 31,276.80 36,410.61 44,400.41 46,221.02 48,193.63
OWNERS' EQUITY
Abduljalil, Habbah L. 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00
Bantuas, Nisah Y. 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00
4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00
Co, Joshua Adrian G.
Mapupuno, Fatma Imaan S. 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00
Panontongan, Princess SittieNorpayda P. 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00
Salbo, Zunnayah A. 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00
Santos, Mary Rose V 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00 4,000.00
Total Capital 28,000.00 28,000.00 28,000.00 28,000.00 28,000.00 28,000.00 28,000.00 28,000.00
Retained Earnings, Beginning 0.00 0.00 (515.00) 2,743.00 3,276.80 8,410.61 16,400.41 18,221.02

0.00 (515.00) 3,258.00 533.80 5,133.81 7,989.81 1,820.61 1,972.61

Add: Net Income/loss
Retained Earnings, Ending 0.00 (515.00) 2,743.00 3,276.80 8,410.61 16,400.41 18,221.02 20,193.63
TOTAL OWNERS' EQUITY 28,000.00 27,485.00 30,743.00 31,276.80 36,410.61 44,400.41 46,221.02 48,193.63
NOTES TO FS

Administrative expense
Cost QTY Amount
Rent expense 1500 1 1,500.00
Depreciation expense 211.59 - 211.59
1,711.59

Inventory
Cost QTY Amount
Tote bag material 120 4 480.00
Tote bag labor 10 4 40.00
Tassel material 3 58 174.00
Tassel labor 1 58 58.00
Factory overheads 68 - 68.00
Furball 32 7 224.00
1,044.00

November Notes to Financial Statements

Sales
Unit Price QTY Amount
Backpack 500 1 500.00
Tote bag 270 13 3,510.00
Tassels 55 20 1,100.00
Fur ball 99 7 693.00
Patches 40 6 240.00
6,043.00
 Cost of Sales
Cost QTY Amount
Backpack material 144.8 1 144.80
Backpack labor 100 1 100.00
Tote bag material 120 13 1,560.00
Tote bag labor 10 13 130.00
Tassel material 1 20 20.00
Tassel labor 1 20 20.00
Factory overheads 40 - 40.00
Furball 32 7 224.00
Patches 20 6 120.00
2,358.80

Administrative expense
Cost QTY Amount
Rent expense 1500 1 1,500.00
Depreciation expense 211.59 - 211.59
1,711.59

Inventory
Cost QTY Amount
Tote bag material 120 3 360.00
Tote bag labor 10 3 30.00
Tassel material 3 38 114.00
Tassel labor 1 38 38.00
Factory overheads 68 - 68.00
610.00
PELIM PROJECT
TAX 2

SUBMITTED BY:

CO, JOSHUA ADRIAN G.

SANTOS, MARY ROSE V.

FOR THE MONTH OF NOVEMBER

OUTPUT

Sales
Bags 2500
Tote Bag 4500
Tassel 3520
Total 10520
Output VAT 1127.14

INPUT
Back Pack 254.80
Totebag 1700
Tassel 60
Patches 120
Furball 224
Monthly Rent 1500
Total 3585.80
Input VAT 413.44

VAT Payable = 713.7