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PRODUCT LOGO
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CHAPTER 1
INTRODUCTION
Aspiring entrepreneurs or business owners may have an idea about the
type of product they would like to make to start a business. This can come from
seeing other company succeed in food industry successfully producing them and
wanting to copy the idea or formula of the business, talking and asking to friends,
and family members or even in surveys about the products that they think they
could make. However, the aim of this study was to look at the feasibility and
introduce the product into the market and penetrate the food industry. Various
techniques for increasing a throughout and peak data were gathered of the
product which is the cookie oatmeal that will be coated with a chocolate with
variety of vegetables as flavorings.
A healthier variety of cookies are what we are in cognizance. For this
brand perception that we formalize we would like to linger the interest of the
buyers and also the consumer with our version of Cookie Oatmeal with
vegetables.
BACKGROUND OF THE STUDY
The researchers would like to introduce a new product in the market which
is a cookie made out from oatmeal with a varieties of flavorings that consumers
would not normally taste with the following flavors that we would like to propose:
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Carrots (carrots), kalabasa (squash), malunggay (horseradish), ampalaya (bitter
gourd) etc.
Nowadays, people like to choose an artificially made food product that has
a less nutritional content over the conventional foods that is said to be “good for
our health” that is available in the market. Promoting a healthy and convenient
way of eating by introducing varieties of Veggie Cookie Oatmeal to the public
consumers with its health nutrition content it have but also helps Filipino farming
industries in the country as well.
It is also important to remember that we have seen in the news and some
of it we heard in the radio and read in newspapers that most of the people or 50-
60 percent of Filipino died not in an accident but most often died because of lack
of nutrients of what they eat. Malnutrition is very rampant in the Philippines and
we cannot deny that. You can see them in Streets, under the bridges, near
seaside, metropolis and even in provinces. They were addicted to the food they
eat that has artificial flavors such as noodles, canned goods, junked foods, and
etc.
In this study, the researchers want to help those people who need
nutrients to their bodies. With the vegetable as a flavoring of the cookies, they
can be a compliment to the sweetness taste of the product.
As the researchers go further to the feasibility that the researchers
concluded, this study need not be difficulty or expensive, but the most important
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aspects should all be taken into account to ensure that potential problems are
addressed.
In this section, the following questions that can be answered by feasibility
are addressed:
1. Is there a demand to produce?
(Find out the characteristics required of the product and the size and value of the
market)
2. Who else is producing similar products?
(Determine the number and type of competitors)
3. What is needed to make the product?
(Find the availability and cost of staff equipment, services, raw materials,
ingredients and packaging)
4. What is the cost of product?
(Calculate the capital costs of getting started and the operating costs of
production)
5. What is likely the profit?
(Calculate the difference between the expected income from sales to an
estimated share of the market and the costs of production)
Each of these aspects should be look at in turn when all the information
has been gathered and analyzed; it should be possible to make a decision on
whether the proposed product/flavoring is worthwhile or whether the
business/producers money could be better spent doing something else.
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In the following parts of this section, the above aspects described short
information about the product, its flavorings and its nutritional factors also, the
above mentioned described in a systematic way, as should be done in a
feasibility study, starting with the “Background of the Study”.
We make this product proposal for the purpose that we want to serve our
valued customers in a new product dishes a healthy food that they’ll enjoy not
only for adults but also the young ones; we add special ingredients for our
products such as vegetables plus it will be coated with a chocolate.
Oatmeal is a quick, healthy breakfast that's good for your cholesterol. It
has traditional uses mainly as flakes in baked goods and porridges. Oat grain
has mild and pleasant taste. Whole grain oat is high in soluble dietary fiber beta-
glucan, known to lower cholesterol and postprandial glycemic response. Specific
oat foods may thus help to reduce the risk of heart disease and type 2 diabetes.
Oat fiber is readily fermentable and contributes to gut-mediated health effects.
Oat grain is also rich in antioxidants. Oatmeal is a unique product because you
cook it in liquid that allows the fiber to completely absorb the water and become
quite viscous. The heating gelatinizes the starch and the fiber is completely
solubilized.
Three out of 10 Filipino adults 20 years old and above are either
overweight or obese, according to a report by the former president of the
Philippine Association for the Study of Overweight and Obesity Inc. (PASOO).
The occurrence of obesity is most prevalent in the 20-below age group and least
prevalent in people 30 years old and up. It also noted that there are more
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females who are obese than males. Specifically, android obesity or apple-shaped
obesity is more common among female children according to Food Nutrition
Research Institute (FNRI).
The oatmeal is beneficial to the reduction of total cholesterol and LDL
(Low-density lipoprotein) -cholesterol. The study aims to demonstrate the role of
the oat fiber in the control of diabetes, with decreased postprandial glucose
response and improved insulin sensitivity. Although the role of oat fiber in satiety
and weight management is still unclear, the physiochemical properties of oat
fiber may play a role in weight management through increased satiety.
STATEMENT OF THE PROBLEM
This feasibility study is intended to evaluate the feasibility of manufacturing,
packaging and selling a relatively new and novel product using both indigenous
and tested ingredients and the benefits to the manufacturer and consumers of a
new introduced product which is a cookie made of special and unique ingredients
that the researchers describe as cookie oatmeal flavored with veggies.
Specifically, the study seeks to:
1. Become profitable; determine whether to cater to customer with large or
small orders. Arrive at a cost effective ratio with regards to production and
profit margin.
2. Describe the characteristics of the cookies in terms of consumption and
nutritional health benefits.
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3. Identify the challenges and opportunities of innovating and introducing a
new product to the market.
4. Assess the behavioral attitudes of the different aspects such as technical,
marketing, financial, management and socio-economics.
5. Recognize the adaption methods of new tools in promoting the product
particularly the involvement of technologies in the market (E-Commerce)
of the business of food industry.
CONCEPTUAL FRAMEWORK
The technical study of the project compromises the products description,
process, equipment, and materials. In this case, a discussion on how the product
“CHOOKIE: your healthy choice” is produced, what ingredients and equipment
are needed, and where will the researchers going to put the business.
The marketing study covers the competitive condition, target market, demand
supply, product, pricing strategy, promotion, and packaging. This area tasks
about the structured questionnaire floated to the responsiveness and the result
determines the demand and supply and for the researchers to know whether the
product will penetrate the target market.
The financial study shows the capitalization, sources of funds, total sales, and
the financial statements as projected in 5 years. This area discuss if the business
is profitable or not. In addition, it serves as guide for the researchers to know if
within 5 years are increasing.
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The management study shows the form of ownership, the structure of the
business and the company policies that the researchers had formulate.
The socio-economic study shows the contribution of the study to the
government and to the society. This area proves that the business existed not
only for profit, but also for the improvement of the welfare of the people.
Figure 1.1 CONCEPTUAL FRAMEWORK
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Ratio Analysis
Return on Investment
Cash Flow Statement
Balance Sheet
Packaging
Promotion
Pricing Strategy
Product
Demand
Competitive Condition
General Business
Condition
Contribution to the Society
Contribution to the Government
SOCIO-ECONOMICMANAGEMENTFINANCINGMARKETINGTECHNICAL
Company Policies
Job Analysis
Structure
Forms of Ownership
Income Statement
Total Expenses
Total Sales
Sources of Funds
Capitalization
Plant Lay-out
Plant Location
Equipment / Materials
Product Process
Product Description
SCOPE AND LIMITATION OF THE STUDY
The study was conducted in order to determine the feasibility of the cookie
oatmeal in the market. The feasibility of this study was based on the gathered
answered by the distinct individuals who have tried the CHOOKIE. The
respondents were randomly picked and it limits itself to interviewing respondents
to minimize the time and expenses that will be used in the study.
The study don’t intend to have that much respondents but any number
close to that could be a great help to the study. By having lesser people as
respondents the study will not waste time in interviewing more people that has
different ideas and concepts. More interviewees means more ideas and it might
get mixed up and cause more problems to the study.
This study of the “Chookie: Your healthy choice” business is generally for
Mandaue City and will be based on management, marketing, technical socio-
economic and financial aspects of the business.
The product will be disseminated through direct selling and orders are also
accepted from the customer mainly in Mandaue City and from those who are
willing to purchase.
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SIGNIFICANCE OF THE STUDY
The researchers understand the importance of oats which have been
numerously studied about its potential health benefits specifically on diabetes,
weight management and satiety and antioxidants.
They believe that creating new way of presenting the oats will tailor-fit to
the public’s interest.
The study would have a great help to the following people:
To the Researchers, The researchers will be knowledgeable on making
research works. This can be a tool for them to explore and discover ideas that
can brought the business world more competitive.
To the Customers, The researchers believed that the customers will
benefit since the study was made for them and the researchers had priced the
product at a reasonable price. They will benefit by buying the product and they
will see how “Chookie: Your healthy choice” will benefit their health.
To the Government, the researchers believed that this study can help
them in supporting government projects and defraying necessary expenses of
the government.
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To the Students, the proposed study will help them as a guide and
reference for further study regarding the uses of oatmeal.
To the Farmers, The proposed study will help the farmers to engage in
producing more vegetables. The researchers are not only selling but also helping
the farmers to promote their product.
The study gives the customer a product which is affordable but with health
benefits. This will give the farmers the opportunity to engage in a business that
will serve as the stepping stone to economic growth.
To the Readers, as they read this they will acquire knowledge on the
strategies to use in their Feasibility Study. They can have an idea of the benefits
they can get of consuming on the cookie made out of oatmeal with vegetables.
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DEFINITION OF TERMS
For a better comprehension on this feasibility study, the following definitions of
terms are provided:
Capitalization- is the writing of a word with its first letter in
uppercase and the remaining letters in lowercase. Experienced
writers are stingy with capitals. It is best not to use them if there is
any doubt. Rule 1.
Comprehensive Income - is a financial statement that measures
a company's financial performance over a specific accounting
period. Financial performance is assessed by giving a summary of
how the business incurs its revenues and expenses through both
operating and non-operating activities.
Demand - is the utility for a good or service of an economic agent,
relative to his/her income.
Financial Position- a statement of the assets, liabilities, and
capital of a business or other organization at a particular point in
time, detailing the balance of income and expenditure over the
preceding period.
Management is also an academic discipline, a social science
whose objective is to study social organization.
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Marketing strategy is the fundamental goal of increasing sales
and achieving a sustainable competitive advantage.
Ratio analysis is used to evaluate various aspects of a company's
operating and financial performance such as its efficiency, liquidity,
profitability and solvency. The trend of these ratios over time is
studied to check whether they are improving or deteriorating.
Return on investment is usually expressed as a percentage and
is typically used for personal financial decisions, to compare a
company's profitability or to compare the efficiency of
different investments.
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Chapter 2
MARKET FEASIBILITY
This chapter will help to know the marketing aspects of the business which
covers the competitive condition, target market, demand supply, product, pricing
strategy, promotion and packaging.
For the business to prosper, it should be given time and effort. The
business proponent must have the desired creativity so as to be able to provide
quality and service to the customers. The fulfillment of the needs and wants of its
customers of target market must be a key objective of the recommended
business.
In every project, feasibility in marketing aspects is well-thought-out the
most important since it requires inconspicuous analysis of the business demand
and supply.
The “CHOOKIE” was conceptualized and manufactured by the students of
Benediction College. This was established by the graduating students of
Business and Accountancy department 4th year class.
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PRODUCT LOGO
The logo of our product corresponds to the conventional image of food
products which is colorful, appetizing and attractive. Cookies are commonly
consumed by people present in house, offices, malls, and schools. These are
eaten to satisfy our sudden hunger and crave.
With this product, you can enjoy a delightful and easy to eat an “Oatmeal
Cookie” anytime and anywhere. A combination of a tasty and special cookie
crested with delectable toppings will surely satisfy your sudden hunger and crave
Why purchase a separate box of cookie and chocolate if you could buy a product
that has it both? This primary principle encouraged us to produce a product
called “Chookie: Your healthy choice”.
PRODUCT DESCRIPTION
Some cookie brand that is popular in the market is originally came from
other country and imported in the Philippines.
Some cookie products like Quaker Oats (that has already a store in the
Philippines but originally from US). Filipinos are known as “sweet-lover” people
who love to eat sweet delicacies after a meal or making it as “Merienda”. We love
to indulge ourselves into sweets. Now the researchers established homemade
oatmeal cookies that melt in your mouth, creamy soft texture that is affordable to
your pocket. Its freshness could last in 1week because of its packaging. All in
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one pack! This home-made oatmeal cookie is healthy because of its ingredients
that contain Oats and added flavor. Surely this remarkable cookie will hit your
taste but to demand for more.
PACKAGING
Packaging plays an important role in “CHOOKIE: Oatmeal based cookie –
a healthy choice”. Because it serve as the medium in marketing mix in
promotional campaigns, as a pricing criterion, in defining the character of new
products, as a setter of trends and as an instrument to create brand identity and
shelf impact in all groups.
SIZE OF THE INDUSTRY
The current market size is not accurately determined because of the
irregularity number of people present in the location and as well as the number of
probable buyers via internet. However, the researchers were able to asked
Barangay Centro Officer as to how presently residing in their place. And
according to him, there are approximately 3,600 individuals.
The researcher decided to come up with a 10% of the current market size
which is 360 individuals as their respondents in the conducted survey. And of the
360 individuals, 20% of which will be considered as marginal error.
So, the researchers assume to meet and sustain the 300 individuals as
the demand of the market to the product.
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TARGET MARKET PROFILE
Through the establishment of the business, it can able to offer an
affordable price without sacrificing the health and wellness of the customers. The
product will cater all ages is the target market of the CHOOKIE, male or female,
young or adult and people of different walk of life.
The specific target is the people passing in Centro Mandaue City because
they want to influence them to purchase and choose CHOOKIE as a tasty snack
treat which will confirms a big scope of market cookies will cater.
This production area is in Centro Mandaue City which is near to this
location.
GEOGRAPHICAL AREAS OF DISPERSION
The target market is ranging from kids, teens, young professionals, and
even parents. “Chookie: Your healthy choice” is good for kid’s snack during
recess and as sweet after a meal. This cookie could found in most leading
supermarket and even school canteen.
MARKET SEGMENTATION
Formulating market segment is pre-planning of market analysis. It is quite
obvious that consumers are willing to buy different goods.
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In order to meet these needs, the business identifies groups of consumers
and directing their marketing efforts primarily on the groups of consumers. It is
essential to segment the market to identify its target customers.
Market segment is design to implement strategies to target customers and
to divide a broad market.
It enables the business to determine the market considering the following
factors: geographic, demographic, psychographic and behavioral.
The business considers all types of people in what places came and no
matter what gender and religion either who have high or low income can be our
target market that can be one of our potential buyers.
SEGMENTATION, TARGET AND POSITIONING
a. Geographic - will be distributed mainly in Centro Mandaue since that the
store and the product are just starting up. This will help the company to
concentrate for a while in introducing the product in a particular place.
b. Demographic - are made for people from ages 5 and above, male or
female, student, unemployed or employed, any religion and Filipino or not.
c. Psychographic- is made for people who are health conscious but also
open to others.
d. Behavioral - are made for a person who lacks time to eat and have a
limited budget since that it is easy to bring easy to eat and is cheap.
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FACTORS AFFECTING THE MARKET
The factors that affect the market are within the marketing environment, which
are:
Demographic
Filipinos love to eat sweets. This is already part of the human diet. Some
leading cookies are too expensive because 1st it is imported from other countries
and is already known in the market (Price Study, page 27), 2nd electricity driven
and 3rd content.
Economic
For the product, “Chookie: Your Healthy Choice” economic stability affects the
market as it considers the economic status and the budget of an individual to be
probable customers of our product.
Customers
Customers are another factor that affects the gain of profit. That’s why we
choose food industry as our primary business. We expect that food is part of our
lifestyle. And we cannot say NO to food.
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Competitors
Competitors are one of the factors that changes and affects the market in
which it determines how many individuals are attracted for each company to buy
similar product like COOKIES. We have so many competitors mainly those in the
big industries and bakeshops and even cookie shops. But our edge from them is
having affordable price and we are offering a unique and healthy cookie.
Supplier
Since the cookie was a homemade product, the researchers directly
connected into the market and the ingredients were bought in the market also in
a most lesser and affordable price but healthy and approved.
USES OF THE PRODUCT
This Home Made Oatmeal Cookie is made of Filipinos not to forsake
Filipino Products. The environmental friendly cookie doesn’t have any chemical
content that could harm the society. This product is freshly delivered in the
market and to the consumers.
It will not just satisfy your craving but also satisfy your stomach. Kids,
teens and even parents will love it! It is safely packed in a container that doesn’t
spoil the cookie.
PROPERTIES OF THE PRODUCT
The brand of the product must be properly selected.
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“CHOOKIE”
Physical properties:
Cookies coated with chocolate
The cookie is partly yellowish and brownish
USERS OF THE PRODUCT
CHOOKIE tends to cater the customers who greatly have a dietary
problem or a health conscious people who wants to become fit. The products
offer a healthy cookie which can highly satisfy the needs and wants through the
following:
Direct selling
Telemarketing
Online selling
Retailing
Wholesaling
MAJOR USERS OF THE PRODUCT
Direct consumers
Online consumers
MARKETING MIX
Product
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This oatmeal cookie is a combination of Affordable and Satisfaction
among the market. This cookie is not just simply a “cookie” but it is also coated
with chocolate with different flavors. I think our edge among all other cookie is
that we offer an “all in one product”. We use oats as our main ingredient for
healthy lifestyle.
The class did not only focus on the contents of the new product. We also
consider the packaging of the product which is very different from other
companies. We add a creative package that could allure every consumer. This
package could also maintain its freshness.
Price
“Chookie: You’re Healthy Choice” is sold at an affordable price which
contains with delightful cookies. The researcher assures that every customer will
be satisfied because of the taste and the cookie itself is bigger and tastier than
you expect.
Place
The researchers decided that the Barangay Centro Mandaue City is the
best place wherein we could put up our product because the place serves as the
center for commerce and industry.
Promotion
Promotion means activities that communicate the qualities or virtues of the
product and persuade target customers to purchase “Chookie: You’re Healthy
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Choice”. It includes different tactic and techniques to endorse a product such as
advertising, personal selling and sales promotion. Products or services require to
be promoted, especially those newly recognized ones, to capture the customers’
interest.
Companies must be imaginative and innovative when promoting their
products and think of ways on how to encourage customers to make sure that
their product or service will perform well in the market.
That is the first step in promoting a product. Companies must think about
the macro-environment and the changes that might occur that might affect the
taste of the consumers.
Using of posters and leaflets which includes the benefits and
specifications. This kind of promotion is moderately cheap than commercial
advertising.
SWOT ANALYSIS
The target market extends internationally through internet and social
networking not just promoting domestically.
Before promoting to the internet, the first step is having a market study
within Mandaue City, specifically in Centro, Mandaue City as an accessible
area where target volumes of prospects are present which includes both
public and private schools.
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The next step is the market segmentation in which it focuses in the
product packaging and food marketing. Product packaging and uniqueness of
the product is the main strategy they should consider.
STRENGTHS
It caters all age group
It has a strong brand image and product innovation as our product is
made from natural organic matter that has a proven industrial purposes.
Product is guaranteed as to its cleanliness because it is well packaged.
Ready to eat cookie
Good for the health.
Suitable for certain people with high mobility of life
Suitable for people who go on diet because the oats in an oatmeal cookie
contain soluble fiber, which reduces your bad cholesterol level and
decreases your risk of heart disease.
WEAKNESSES
It may not attract new customers rapidly due to its new product attributes
Some popular brands already established name in the food industry.
Has only limited flavors.
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OPPORTUNITY
Population growth of each individual in buying our product.
Sales increase as customers patronizes the well-run services.
We could extend our business in putting up a coffee shop in line with other
food products
Better distribution
Keep on the good quality
More promotion
Promotional campaign should be increased to keep creating awareness on
people’s mind of this product.
THREATS
New entrants, serving the same cookie such as: The famous Quaker Oats
and all other home based baked cookies.
Customer disloyalty because it’s new to the market and existing and non-
existing competitors.
Increase of business taxes according to economic condition.
There are many products similar to Quaker oatmeal with a lower price
New product of this kind of a different brand
STRATEGY
a. Product
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Expand the variant in flavor. Aside from vegetables, we will put another
flavor of the cookie like it will be coated with chocolates.
The product will be sold in retail or in pack depending on the
preference of the buyer.
b. Promotion
Creating a promotional program, which is if we buy ten of pack of
CHOOKIE, customers can get 1 free bowl and a recipe book that contains
a food recipe using Oatmeal.
c. Price
We choose the market penetration way in launching our new
product because we think that if we use this way, we can enter the market
easily.
For example: when we take a look at the price of the product in the
supermarket, people would think that they can purchase for new variant of
flavor with the exact same price as the old type or lower than the old type.
If the demand to this product is increasing well, we can increase the price
slowly.
DEMAND
The current demand of the product will be based on the 10% of the
current market size which is 3,600 individuals of Barangay Centro
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Mandaue City. And of which, the researchers will be considering 20%
marginal error.
PRICE STUDY
In economic theory, price of the cookies are determined mainly by the
demand-supply situation. An increase in demand of cookies with supply constant
will hike prices. The reverse would result in the lowering of prices.
There are, however, other factors which exert some influence on the price
of the cookie. Without any change in demand or supply of the cookies, prices
may go up if raw materials costs rise; or prices may decline if the government
decides to subsidize production.
Prices may also be determined by the simple cost-plus method of the
company.
Price can be determined by its market, since now a day’s people have
been conscious for their figures so price can be constant, and because of its big
demand in the market it will make its price stable during seasonal periods,
holidays and even school days where parents buys in large as a snack for their
children.
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Price Study can also be based on the following:
Table 2.2
Selling Price of Similar and Substitute Products
Various cookie Oatmeal in the market Retail Price
(Php)
Quaker breakfast cookie(150g) 200.00
Peanut Butter Oatmeal Chips (100g) 170.00
Oatmeal raisin cookies(80g) 85.00
Oatmeal Cookie pack (90g) 90.00
Oatmeal Cookie Jar (100g) 150.00
Choco Chips Oatmeal(250g) 160.00
HISTORY OF PRICE
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Price of the product differs on its taste, weight and its brand name. There
are varieties of Cookie oatmeal in the market and its product prices ranges from
P85.00-P200.00 depending on its gram and brand name.
There is also cookie oatmeal that is homemade which has lower price
than that are now in the market. Homemade cookie oatmeal can be trend in the
market if people have vocally complimented their cookies, they might be
considering selling their homemade treats for profit. The price of the “CHOOKIE”
is P30.96 which is lower compared to the prices of the cookie oatmeal in the
market but is quietly similar to other homemade cookies but with different taste
and flavors. Since the cookie oatmeal is still new in the market so there would be
an unusual price history of the product.
DETERMINE THE RESPONSIVENESS OF DEMAND TO PRICE CHANGE
The demand of the “CHOOKIE: Your Healthy Choice” has an elevated
response since it has a good taste and it’s also a healthy cookie yet an affordable
one. The “CHOOKIE: Your Healthy Choice” does not only promote a healthy
lifestyle but it also promotes a foreign market. Demand of this product will be high
during school days and if the tourists will get higher since people now a day’s
become more conscious about their health.
PRODUCT’S SELLING PRICE
The Partnership decided and came up with a finding that the selling price
of the product “CHOOKIE: Your Healthy Choice” will be P 30.96 per pack based
on the raw material used and demand in the market.
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MARKETING PROGRAM
Marketing Plan
Product
“CHOOKIE” made of Oatmeal
Place
Barangay Centro, Mandaue City, Cebu
Price
P30.96 per pack
P5.96 as a retail price of the cookies
Promotion
Promotional strategy includes advertising, personal relations and
personal selling as means of promoting their product.
Objectives
Follow and align with media trends
Communicate with advertisement consumer
Increase digital marketing and distribution
Push approach strategy
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- Advertising through social media such as websites (facebook, instagrarm,
tweeter and blogs)
Pull approach strategy
- Word of mouth
- Testimonials
- Coupons
DISTRIBUTION
CHOOKIE will be distributed in the place where target audiences are
located and is mainly in Centro, Mandaue City.
CUSTOMER BENEFITS
The human body requires a minimum of 2,300 calories for women and
2,600 calories for men, for performing the daily metabolic activity.
Eating cookies gives one a high protein snack that provides the energy
one needs without adding excess fat. The cookies will help to reduce the calorie
when intake on a daily basis. Therefore, this will lead to weight reduction and the
metabolism will remain functional and the body will become healthier.
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CHOOKIE is the best alternative for healthy people wanting a snack in
between meals. It is a great way to deal with the people who have the problems
of diabetes, heart conditions and hyperthyroidism. The idea is to delay the
absorption of the sugar into the blood which leads to increase the proteins that
would help to maintain sufficient nutrition value while reducing the carbohydrate
that contributes to elevated sugar levels.
Moreover, the oats in an oatmeal cookie or the CHOOKIE contains soluble
fiber which can help to regulate the blood sugar levels and decreases the risk of
heart disease.
Customers who are loyal to our products (CHOOKIE) will have lots of
benefits not just the nutritional benefits but also they can avail discounts when
they purchase in large amount or in volume and also they can get some rewards
when they already purchased many times in their loyalty card or it depends on
their way of buying.
DISTRIBUTION NETWORK
The main distribution network will facilitate the movement of the product to
ultimate users are from the manufacturer to end user.
Figure 2.1
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Producer to Consumer
The producer sells the goods or provides the service directly to the
consumer with no involvement with a middle man such as an intermediary, a
wholesaler, a retailer, an agent, or a reseller. The consumer goes directly to the
producer to buy the product without going through any other channel.
Chapter 3
TECHNICAL FEASIBILITY
The technical feasibility assessment is focused on gaining an
understanding of the present technical resources of the CHOOKIE and their
applicability to the expected needs of the cookie.
The location of the business is very tactical, very versatile; a large volume
of people is present all day the accessibility of the business to the market is also
a primary concern.
The materials and ingredients being used in the making the CHOOKIE are
readily available in the market. The equipment used was ensured to be at good
condition, properly sanitized to maintain its cleanliness and used properly while
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making the product. Moreover, the stainless materials are being used to prevent
from rusting.
The production team are well groom with the proper standard of
cleanliness was observed during the making of the product.
PRODUCT
CHOOKIE the cookies made out of oatmeal is a newcomer in business
world which is aiming to prosper in the market. This product is affordable,
delicious and nutritious. In term of affordability, the product really suits cost that
will cater the demand of the consumers in responds to their needs.
CHOOKIE made out from oatmeal with varieties of flavorings that
consumers that would not normally taste with the following flavors that we would
like to propose:
Carrots (carrots), the health benefits of carrots include reduced
cholesterol, prevention from heart attacks, warding off of certain cancers,
improving vision, and reducing the signs of premature aging. Furthermore,
carrots have the ability to increase the health of your skin, boost the immune
system, improve digestion, increase cardiovascular health, detoxify the body, and
boost oral health in a variety of ways. They also provide a well-rounded influx of
vitamins and minerals.
Kalabasa (squash), Horseradish is a powerful and pungent plant that is
connected to a wide variety of health benefits, including its ability to aid weight
34
loss, lower blood pressure, alleviate respiratory conditions, build strong bones,
improve immune system health, stimulate healthy digestion, promote heart
health, and lower the chances of neural tube defects in infants. Perhaps most
notably, horseradish can prevent cancer due to its extremely high levels of
glucosinolates.
Malunggay (horseradish), Different varieties of squash have the ability to
improve the quality of your sight, boost skin health, strengthen the immune
system, prevent cancer, manage symptoms of diabetes, build strong bones,
protect heart health, reduce symptoms of insomnia, prevent inflammatory
conditions, treat arthritis, eliminate ulcers, eliminate parasites and infections,
increase prostate health, protects against birth defects, boosts respiratory health,
and reduces blood pressure.
Ampalaya (bitter gourd), Bitter gourds are very low in calories but dense
with precious nutrients. It is an excellent source of vitamins B1, B2, and B3, C,
magnesium, folate, zinc, phosphorus, manganese, and has high dietary fiber. It is
rich in iron, contains twice the beta-carotene of broccoli, twice the calcium of
spinach, and twice the potassium of a bananas.
Because of their great taste they can also serve as a substitute for sweets
and satisfy sugar cravings.
The researchers are introducing its innovated, nutritious and tasty yet
affordable product. CHOOKIE is a process of mixing raw materials like all
purpose flour, oatmeal, butter, brown sugar, eggs, salt, pulverized vegetable, and
milk. The main ingredient is oatmeal. The health benefits of oatmeal include a
35
healthy heart, diabetes control, a reduction in hypertension, cancer prevention,
and increased immunity. It also helps in losing weight and treating constipation.
MANUFACTURING PROCESS
CHOOKIE: Oatmeal based cookie – a healthy choice
36
Step 9Bake the cookies
Step 8Scoop the
cookies
Step 10Cool the
cookies in a plate
Step 7Stir in the
vegetables
Step 3Beat the butter
and sugar
Step 11Place in the
container and serve
Step 2Preheat the oven to 375 degrees
Step 1Prepare the ingredients
Figure 3.1
A
B
C
D
E
F
G
H
I
J
K
37
Min
s.H
ours 1 HOUR 2 HOURS
Figure 3.2
STORE SIZE AND PRODUCTION SCHEDULE
A plant size is indeed a very important thing to be considered in making a
business. In selecting it, there are factors to be considered. And these are:
Availability of Space and its utilization of the designated area of production. The
area that the researchers chose is a small size with a justifiable rent to be paid.
The plant size has a size of 8 square meter that for the researchers to perform
the different stages in producing the Chookie product.
A. Preheat the oven to 375 degrees 30mins.
B. Prepare the ingredients 15mins.
C. Beat the butter and sugars 5mins.
D. Add the egg and vanilla. 5mins.
E. Mix the dry ingredients. 5 mins.
F. Add the dry mixture to the wet mixture 5 mins.
G. Stir in the vegetables. 5 mins.
H. Scoop the cookies. 5 mins.
38
I. Bake the cookies 15mins.
J. Cool the cookies in a plate 10 mins.
K. Place in the container and serve. 15 mins
TOOLS AND EQUIPMENT
Tools and equipments and other materials that are used in the production
process are fixed assets and are acquired as additions to permanent.
As a starting business the production of our product is a simple and easily
made by the use of these following tools:
Aprons
Can Opener
Fork
Gloves
Hairnet
LPG Tank
Measuring cup
Measuring Spoons
Mixing Bowl
Oven
Pan
Plates
39
Spatula
40
STORE LOCATION
A plant must be located where the materials, utilities and labor to
manufacture the goods are available. That is why we make sure that the location
of our store is accessible.
It is surrounded by houses, 20 meters away from Mandaue City Central
School, 40 meters away from Mandaue City Hall, 50 meters away from St.
Joseph’s Academy and some apartments.
41
BUILDING AND FACILITIES
The production plant is located at Centro Mandaue City near to the
Mandaue public market. The lease cost is Php 15,000.00 including the water and
electricity bill.
RAW MATERIALS AND SUPPLY
The partnership canvassed to have the best raw materials for the product.
They tend to evaluate the prices of raw materials in the market wherein they
acquire materials with the best quality but with the lower prices.
They acquire their raw materials in the market the oatmeal, flour, egg,
butter, oil, carrots, squash, coco milk, sugar, where it is best accessible. The
mineral water will be acquire in the nearest accredited refilling station.
The partnership production produces 42,000 pieces of cookies in a month.
We can assure the best healthy cookies because of the main ingredients which
are the oatmeal, carrots, squash, malunggay and ampalaya.
The oatmeal , carrots and squash consist of fiber, calcium, potassium,
zinc, vitamin K, vitamin C, vitamin E, and foliate is needed for the formation of
red and white blood cells in the bone marrow, the conversion of carbohydrates
into energy and the production of DNA and RNA.
42
Table 3.1
Raw
Materials
Per batch Daily
Forecast
Weekly
Forecast
Monthly
Forecast
Yearly
Forecast
Butter 250 grams 2 Kgs. 14 Kgs. 56 kgs 672 Kgs.
Carrots ½ Kgs. 4 Kgs. 28 Kgs. 112 Kgs. 1344 Kgs.
Egg 6 eggs 48 eggs 336 eggs 1,344 eggs 16,128 eggs
Flour ½ Kgs. 4Kgs. 28Kgs. 112Kgs. 1344Kgs.
Oatmeal 1 Kgs. 8Kgs. 56Kgs. 224Kgs. 2688Kgs.
Chocolate 0.75 bar 6 bars 42 bars 168 bars 2016 bars
Squash ½ Kgs. 4 Kgs. 28 Kgs. 112 Kgs. 1344 Kgs.
Sugar ½ Kgs. 4 Kgs. 28 Kgs. 112 Kgs. 1344 Kgs.
Malunggay 12.50
bunches
100
Bunches
700
Bunches
2,800
bunches
33,600
bunches
The estimated raw materials needed for production of cookies:
43
UTILITIES
Who doesn't love cookies? Each of us has our personal favorites – a
perfect flavor, texture, shape or size we're passionate about. Cookies are
generally easy to bake, making them ideal for introducing your kids to baking too.
You can show affection and delight everyone with cookies during special
occasions, holidays or anytime at all.
TOOLS and EQUIPMENT
Large Bowl
Mixing Spoon
Measuring Cups
Measuring Spoons
Baking Sheet
Gas Range Hob
Ingredients
Vegetables (Carrots, Malunggay, Kalabasa, Ampalaya)
Flour
Butter
All-purpose cream
Sugar
Salt
Coconut Milk
44
Cookie Baking Guides
Mixing Cookie Dough
Baking Tips for Cookies
Cooling Cookies
Storage and Freezing Cookies
Mixing Cookie Dough
Cookie dough can be mixed by hand or with an electric mixer. Take butter
or margarine from refrigerator 10-15 minutes before using or cut into 1-inch
pieces so it will blend more easily and evenly with other ingredients. Butter or
margarine that is too soft or melted will change the texture of the cookie and
should not be used. Over-softened butter or margarine is the number one reason
why cookies spread or become too flat.
Unless your recipe indicates otherwise, follow these steps when baking
cookies:
Combine (often described as "cream") softened butter (or other fat) and
sugar (or other sweetener) with electric mixer (or by hand) until smooth
and creamy.
Add eggs and liquid flavorings and continue mixing. This mixture may
begin to look separated, but this will not affect the final cookie texture or
flavor.
45
Realize that most recipes combine the flour and other dry ingredients
before adding them to the butter mixture. Raisins, chocolate chips, other
"add ins" and, sometimes oats, are added last.
Once dry ingredients have been added, don't beat vigorously or over mix.
Over mixing can result in tough cookies.
Baking Tips for Cookies
When preparing for baking, grease cookie sheet or baking pan only if
recipe directs. To grease, use a paper towel to apply a thin layer of shortening or
lightly spray with no-stick cooking spray.
Refrigerator/Slice-and-Bake Cookies
Chill dough thoroughly before slicing.
Using a sharp knife, cut slices to thickness specified in recipe. Use a back
and forth sawing motion to help cookies retain their shape.
Every time you've cut 1-1/2 inches of the cookie dough "log," turn the log
1/4 turn to help retain its round, cylindrical shape.
Note: The dough should be at room temperature unless recipe directs
otherwise.
Baking and Testing For Doneness
For more even baking, position oven rack at the center of the oven and
bake one sheet of cookies at a time. If you prefer to bake two sheets,
46
space racks so oven is divided into thirds and switch cookie sheets top to
bottom and back to front halfway through baking.
Preheat oven 10 to 15 minutes before baking the first sheet or pan of
cookies. Check oven temperature with an oven thermometer.
When testing for doneness, your best guides for cookies are time and
appearance. Always use a timer. Most recipes include a range in baking
time; always check after the minimum time stated in the recipe.
Drop, rolled and refrigerator cookies can range from barely browned to
medium golden brown in color, depending upon the cookie. For softer,
chewier cookies, bake for the shorter amount of time indicated in the
recipe.
When placing dough on cookie sheet, allow sufficient space between
cookies, usually 1-1/2 to 2 inches unless recipe directs otherwise.
Cooling Cookies
The cookie recipe will indicate whether cookies should be removed
immediately from cookie sheet to cooling rack with a metal spatula, or
whether the cookies should remain on cookie sheet for a minute or two to
firm up so they can be removed more easily.
Remove cookies using a metal spatula (also called a pancake turner).
Using a plastic pancake turner may result in torn or broken cookies.
47
Cool in single layer on wire cooling rack. Cool completely before
decorating or storing. You may want to post a trustworthy guard at the
cookie rack to avoid the common practice of freshly baked cookie thievery.
Storage & Freezing Cookies
Cool cookies completely before storing. Store crisp and soft cookies in
separate containers or the crisp cookies will soften; store each kind of cookie
separately or flavors may transfer.
For cookies that will be eaten in a day or two: store crisp cookies in a
container with a loose-fitting cover; store soft cookies in a container with a tight-
fitting cover. Separate very soft, fragile, frosted or decorated cookies with wax
paper between the layers.
Bake Ahead and Freeze
Freezer Storage Times
Waste Disposal
In a perfect world, no one needs to be concerned about food sanitation
and safety. In the real world, however, diseases are awaiting to grow and
develop at any opportune moment.
48
Therefore, when baking cookies at home, pay particular attention to the
following areas:
Personal Hygiene
Properly restraining hair, short fingernails and preferably without nail
polish.
No smoking, eating, or chewing gum while baking, even cookies.
Securely covering cuts or lesions on fingers and hands with bandages and
wearing gloves.
Washing hands before handling cookie ingredients and after using the
restroom. Refraining from touching hair, face, or other body parts while
mixing and preparing ingredients.
How Cross Contamination Affects Food Sanitation and Safety
Do not use ingredients that have been spoiled by yeasts, mold, or infested
by pests. Yeasts and mold grow well in acidic food with low water content
such as jelly, jam, syrup, honey, cheese, sour cream, and applesauce.
Molds produce toxins that can cause food-borne illnesses.
Freezing temperatures can prevent or reduce the growth of molds
but do not destroy them. Heat can kill molds and their spores, but cannot
destroy their toxins.
Avoiding chemical contamination by using only food-grade utensils and
equipment to prepare and store cookies.
49
Don’t use a saucepan made from copper, lead, brass, zinc, cadmium, and
antimony, to prepare lemon curd for coconut macaroons. The acid in citrus
fruits will leach these toxic metals from the saucepan and become
contaminated.
Always washing hands before and after separating eggs because they are
considered potentially hazardous food. Harmful microorganisms can
rapidly grow in raw eggs or in food that has been contaminated with them
through improper handling.
Inspecting each cookie ingredient to assure that there is no physical
contaminants such as hair, dirt, broken glass.
Proper Storage of Cookie Ingredients to Insure Food Sanitation
It is important to keeping shell eggs refrigerated at 45 degrees F. (7
degrees C.) or below, dry ingredients such as flour in a dry, cool place to
discourage pest infestation
50
Table 3.2
PRODUCTION COST
Tools & Equipment Acquisition Cost Quantity Total Cost
Apron 50.00 8 pcs. 400.00Broom 35.00 1 pc. 35.00Butane Gas 13.00 6 pcs. 78.00Chair 175.00 10 pcs. 1750.00Dustpan 65.00 1 pc. 65.00Face mask 30.00 8 pcs. 240.00Floor Map 150.00 1 pc. 150.00Fry Basket 275.00 2 pcs. 550.00Glass 36.00 5 pcs. 180.00Gloves 40.00 8 pairs 320.00Hairnet 15.00 8 pcs. 120.00Telephone with WiFi 990.00 1 unit. 999.00Knife 32.00 3 pcs. 96.00Ladle 28.00 2 pcs. 56.00Laptop 12,590.00 1 unit 12,590.00LPG tank 1,200.00 2 units 2,400.00Measuring cup 20.00 1 pc. 20.00Mixing Bowl 30.00 3 pcs. 90.00Molder 80.00 2 pcs. 160.00Pan 165.00 2 pcs. 330.00Plate 18.00 10 pcs. 180.00Portable Gas Stove 600.00 2 units. 1,200.00Pot Holder 40.00 2 pcs. 80.00Rag 2.00 10 pcs. 20.00Spoons & forks 15.00 5 pairs 75.00Table 679.00 2 pcs. 1,358.00Trash Bin 60.00 2 pcs 120.00Wall Fan 1,224.00 2 units. 2,448.00
Total Php 26,110.00
51
LABOR REQUIREMENTS
Production is the process of making something for sale in transformation
of tangible products inputs (raw materials & any finished products) and intangible
inputs (ideas and information) into goods or services. Resources are used in this
process to create an output that is suitable for use or has exchange value.
Labor is one of the basic resources in the business which aggregates to
all human physical and mental effort use in the creation of goods and services.
The group will not hire workers because the groups will work and manage the
business at the same time.
MANAGEMENT POLICIES
In every business there are different rules and regulations to be
implemented by the management which should be followed.
Thus, the group made the vision, mission, goals and objectives of their
enterprise as their guiding path through their business stability, growth and
success.
VISION
CHOOKIE: “An oatmeal based cookies – The healthier choice” which
inspire to be one of the well – known substitute dietary food in Cebu.
52
MISSION
To nourish and delight our customers by improving their daily lives with our
nutritional food. Making delicious, innovative baked goods, we create joy for our
customers with our passion that leverages our quality, service, and strong
relationships.
GOALS
To achieve excellence in terms of innovation of cookie made out from
oatmeal and vegetables which would yield to be known in the market as well as
in the society.
OBJECTIVES
To build strong and profitable connection to the customers through
satisfying their needs and desires in a healthy snacks especially those
health conscious people.
To engage in a selling activity that tailor-fit to the public’s interest.
To acquire remarkable income in building brand consistency.
53
Chapter 4
FINANCIAL FEASIBILITY
This chapter evaluates the financial aspect of the study, in order for a
business plan to understand it needs money to start. To determine whether the
future industry will remain profitable through the existence of competitors and
unfavorable economic condition, the researchers have to project a five year
financial statements.
This study will cover the presentation of the anticipated profitability. The
position of the preparations of their financial study must be capable of being
justified, realizable and workable since we discover the whereabouts of our
financial study from the costing up to its financial statement.
This chapter includes the sources of funds, balance sheet, income
statements, cost of goods sold, cash flows and cost of sales.
MAJOR ASSUMPTIONS
The financial projection is prepared on the cash basis in accordance with
accounting principles. Purchases of Raw materials should also be on a
cash basis.
Our proposed business is a micro one; therefore the government
incentives and regulation that would produce change to the project are at
minimum. The business will be taxed at a rate of 32% of the taxable
income as required by the BIR.
54
FINANCIAL ASSUMPTIONS
The approximate volume of product sale is based on our target market.
Investment cost needed a capital of P200, 000.
The first capital is coming from the partners’ personal savings and
resources which will be P40, 000 each.
Direct materials will increase at the rate of 10% each year.
Selling price will be 40% above cost.
Production volume will increase 25% every year.
80% of the production will be sold as per pack and the remaining will be
sold as per piece.
The employees will receive an amount of P9,884 each year as their 13 th
month pay
Allocation of P15, 000 per month for the rental payment. It includes the
electricity and water. It has ratio of 50: 50 for the selling and
administrative.
5% increase in the rental payment per year.
Transportation allowance for the gasoline amount P1, 000.
All payables are paid at the end of each reporting period.
Direct Labor is 20% of the Raw materials, 50% of the Rent Expense are
allocated to Factory overhead.
Salvage value of the equipment, furniture and fixtures and tools are
assumed to be 10% of its cost.
55
The useful life of the machinery and equipment will be the following:
Machineries and Equipment Useful life
Air-conditioned 10 years
Computer 9 years
Laptop 7 years
Motorcycle 7 years
Refrigerator 12 years
Stove 10 years
Wall fan 5 years
Furniture and fixtures and tools not stated above are to have 3 years
useful life and will be depreciated in a straight line method.
Depreciation is provided over the life of the equipment using the straight
line method
56
INITIAL CAPITAL REQUIREMENTS
The partners agreed to contribute an equal sharing of capital in amount of P40,
000 each.
Table 4.1
Initial Capital Requirements
Partners Ratio Invested Amount
Albios, Rhonel S. 20% P40, 000
Perez, Angel A 20% P40,000
Rodriguez, Chielo Mae 20% P40,000
Arabiana, Ma. Fe 20% P40,000
Cañete, Marivic 20% P40,000
TOTAL 100% P200, 000
57
Investment Cost
The capital that is to put the proposed business is P200, 000.00, and will
equally divide among the members as their share.
Table 4.2
Equipment
Item Acquisition Quantity Total cost
Aircon 8,499.00 1 unit 8,499.00
Computer 18,000.00 2 units 36,000.00
Gas Hob Range 30,998.00 1 unit 30,998.00
Laptop 12,590.00 1 unit 12,590.00
LPG tank 1,200.00 2 units 2,400.00
Motorcycle (2nd Hand) 27,000.00 2 units 54,000.00
Portable Gas Stove 600.00 2 units 1,200.00
Refrigerator 8,000.00 1 unit 8,000.00
Telephone with WiFi 990.00 1 unit 990.00
Wall Fan 1,224.00 1 unit 2,448.00
Total 157,125.00
Table 4.3
Furniture and Fixtures
Item Acquisition Cost Quantity Total CostChair 175.00 10pcs 1,750.00
Table 679.00 3pcs 2,037.00
Total 3,787.00
58
Table 4.4
Tools
Item Acquisition Quantity Total CostApron 50.00 8pcs 400.00
Brooms 35.00 1pc 35.00
Butane Gas 13.00 6pcs 78.00
Dustpan 65.00 1pc 65.00
Face Mask 30.00 8pcs 240.00
Floor Map 150.00 1pc 150.00
Fry Basket 275.00 2pcs 550.00
Gloves 40.00 8pairs 320.00
Hairnet 15.00 8pcs. 120.00
Knife 32.00 3pcs 96.00
Ladle 28.00 2pcs 56.00
Measuring Cup 20.00 1pc 20.00
Mixing Bowl 30.000 3pcs 90.00
Molder 80.00 2pcs 160.00
Pan 165.00 2pcs 330.00
Plate 18.00 10pcs 180.00
Pot Holder 40.00 2pcs 80.00
Rag 2.00 10pcs 20.00
Spoon and Forks 15.00 5pairs 75.00
Glass 36.00 5pcs 180.00
Trash Bin 60.00 2pcs 120.00
Chair 175.00 10pcs 1,750.00
Table 679.00 3pcs 2,037.00
Total 3,365.00
59
Table 4.5
Projected Cost
Item Acquisition Cost
Quantity Total Cost
Aircon 8,499.00 1 unit 8,499.00
Apron 50.00 8pcs 400.00
Brooms 35.00 1pc 35.00
Butane Gas 13.00 6pcs 78.00
Computer 18,000.00 2 units 36,000.00
Dustpan 65.00 1pc 65.00
Face Mask 30.00 8pcs 240.00
Floor Map 150.00 1pc 150.00
Fry Basket 275.00 2pcs 550.00
Gas Hob Range 30,998.00 1 unit 30,998.00
Glass 36.00 5pcs 180.00
Gloves 40.00 8pairs 320.00
Hairnet 15.00 8pcs. 120.00
Knife 32.00 3pcs 96.00
Ladle 28.00 2pcs 56.00
Laptop 12,590.00 1 unit 12,590.00
LPG tank 1,200.00 2 units 2,400.00
Measuring Cup 20.00 1pc 20.00
Mixing Bowl 30.000 3pcs 90.00
Molder 80.00 2pcs 160.00
Motorcycle (2nd Hand) 27,000.00 2 units 54,000.00
60
Pan 165.00 2pcs 330.00
Plate 18.00 10pcs 180.00
Portable Gas Stove 600.00 2 units 1,200.00
Pot Holder 40.00 2pcs 80.00
Rag 2.00 10pcs 20.00
Refrigerator 8,000.00 1 unit 8,000.00
Spoon and Forks 15.00 5pairs 75.00
Telephone with Wi-Fi 990.00 1 unit 990.00
Trash Bin 60.00 2pcs 120.00
Wall Fan 1,224.00 2 units 2,448.00
Total 164,277.00
Total Investment by Partners 200,000.00
Investment Cost
Equipment 157,125.00
Furniture and Fixtures 3,787.00
Tools 3,365.00 164,277.00
Cash Balance 35, 773.00
Schedule 4.1
61
Depreciation for Equipment
Item Acquisition Quantity Total Cost Depreciation
Aircon 8,499.00 1 unit 8,499.00 764.91Computer 18,000.00 2 units 36,000.00 3,600.00Laptop 12,590.00 1 unit 12,590.00 1,618.71
Motorcycle (2nd Hand) 27,000.00 2 units 54,000.00 6,942.86
Total 12,926.48
Schedule 4.2
Depreciation for Production
Item Acquisition Quantity Total Cost Depreciation
Apron 50.
008pcs
400.0
0
72.
00
Brooms 35.
001pc
35.0
0
6.
30
Butane Gas 13.
006pcs
78.0
0
14.
04
Dustpan 65.
001pc
65.0
0
11.
70
Face Mask 30.
008pcs
240.0
0
43.
20
62
Floor Map 150.0
01pc
150.0
0
27.
00
Fry Basket 275.0
02pcs
550.0
0
99.
00
Glass 36.
005pcs
180.0
0
32.
40
Gloves 40.
008pairs
320.0
0
57.
60
Hairnet 15.
008pcs.
120.0
0
21.
60
Knife 32.
003pcs
96.0
0
17.
28
Ladle 28.
002pcs
56.0
0
10.
08
LPG tank 1,200.0
02 units
2,400.0
0
432.
00
Measuring
Cup
20.
001pc
20.0
0
3.
60
Mixing Bowl 30.
003pcs
90.0
0
16.
20
Molder 80.
002pcs
160.0
0
28.
80
Pan 165.0
02pcs
330.0
0
59.
40
Plate 18.
0010pcs
180.0
0
32.
40
Portable
Gas Stove
600.0
02 units
1,200.0
0
216.
00
Pot Holder 40.
002pcs
80.0
0
14.
40
Rag 2. 10pcs 20.0 3.
63
00 0 60
Spoon and
Forks
15.
005 pairs
75.0
0
13.
50
Telephone
with WiFi
990.0
01 unit
990.0
0
178.
20
Trash Bin 60 2pcs 120.0
0
21.
60
Wall Fan 1,224.00 2 units 2,448.0
0
440.
64
Gas Hob
Range30,998.00 1 unit
30,998.0
0
5,579.6
4
Refrigerator 8,000.00 1 unit 8,000.0
0
1,440.0
0
Total 10,203.00 8,892.18
Annual Depreciation
Equipment 12,926.48
Furniture & Fixtures and Tools 8,892.18
Total Annual Depreciation 21,818.66
64
