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    Christine
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    The document is a variance report for the budget of Saint Michael Multi-Purpose Cooperative for 2020. It shows the actual expenses as of January 31, 2020 compared to the budgeted expenses. The largest budgeted expenses are salaries and wages, depreciation expense, interest expense on time deposits, and light and power expenses. The report was prepared by the bookkeeper Cherry Mae P. Saguirel and verified by the accounting staff Christine Joy B. Castro.

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    The document is a variance report for the budget of Saint Michael Multi-Purpose Cooperative for 2020. It shows the actual expenses as of January 31, 2020 compared to the budgeted expenses. The largest budgeted expenses are salaries and wages, depreciation expense, interest expense on time deposits, and light and power expenses. The report was prepared by the bookkeeper Cherry Mae P. Saguirel and verified by the accounting staff Christine Joy B. Castro.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    8 views2 pages

    Expenses

    Uploaded by

    Christine
    The document is a variance report for the budget of Saint Michael Multi-Purpose Cooperative for 2020. It shows the actual expenses as of January 31, 2020 compared to the budgeted expenses. The largest budgeted expenses are salaries and wages, depreciation expense, interest expense on time deposits, and light and power expenses. The report was prepared by the bookkeeper Cherry Mae P. Saguirel and verified by the accounting staff Christine Joy B. Castro.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
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    Saint Michael Multi-Purpose Cooperative

    Santan St., Public Market, Sto. Tomas, Davao del Norte


    Variance on Budget For the Year 2019

    ACTUAL EXPENSES
    BUDGET 2020 VARIANCES
    As of January 31, 2020

    Financing Cost:

    Interest exp. on Loans Payable 375,000.00

    Interest Exp. on Saving Deposit 200,000.00

    Interest Exp. on Time Deposit 800,000.00

    Operatings Expenses:

    13th Month Pay 245,368.00

    Communication Expenses 50,000.00

    Christmas Party Expense 100,000.00

    Christmas Giveaways 20,000.00

    Cash Gift 50,000.00

    Depreciation Expense 1,000,000.00

    Employee's Uniform 50,000.00 -

    Fuel & Lubricants 150,000.00

    General Assembly Expenses 100,000.00

    Honorarium & Allowances 300,000.00

    Insurance Expenses 25,000.00

    Light & Power Expenses 500,000.00

    Office Supplies 80,000.00

    Officers Meal Allowance 50,000.00

    Overtime Pay 15,000.00

    Professional Fees 70,000.00

    Photo copy 1,000.00

    Performance Bonus 245,368.00

    Representation Expense 50,000.00

    Repair & Maintenance 150,000.00

    Rent Expenses 300,000.00

    Rice Mill Supplies

    Salaries & Wages 3,200,000.00

    Security Services 364,800.00

    Bad Debts Expense 240,000.00

    SSS/Pag-IBIG/PHIC 302,000.00

    Store Supplies

    Solicitation 20,000.00

    Taxes & Licenses 60,000.00

    Travel & Transportation 100,000.00

    Water expenses 15,000.00

    Meetings and Conferences 30,000.00

    Labor and Technical Supervision

    Handling/Moving Fee
    Milling Expense

    Drying Fee

    Anniversary Expense 15,000.00

    Incentives 100,000.00 -

    Miscellaneous Expense -

    TOTAL 9,373,536.00 - -

    Prepared By: Verified By:

    CHERRY MAE P. SAGUIREL CHRISTINE JOY B. CASTRO


    Bookkeeper Accounting Staff

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