After leaming the calculations presented, you can now compute the projected costs by month on your business concept. Use the template below and t o the necessary figures based on the scenario, Mang Hilario operates a buy and sell business. He sells umbrellas in his shop near the city mall. He gets his umbrellas from a local dealer. Each umbrella costs 90.00 pesos each, Expecting rainy season to come, Mang Hilario purchased 4 dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen for freight. Mang Hilario can sell 12 umbrellas every day. Remember to use the factors to consider in projecting revenues and refer to tables 4, 5 and 6 as your guide. Suppose Mang Hilario purchases and sales is the same every month, fill in the necessary information in table 6. Table 4 Projected Cost of Good Sold (Monthly) Mang Hilario's Type of Merchandise/Product Projected Volume Average No. Of Items Sold Projected Costs of Purchase (Monthly) Cost per Unit (A) 90 00 (Monthly) (F) = D x 30 Days (J) = AxF Total Table 5

After leaming the calculations presented, you can now compute the projected costs by month on your business concept. Use the template below and t o the necessary figures based on the scenario, Mang Hilario operates a buy and sell business. He sells umbrellas in his shop near the city mall. He gets his umbrellas from a local dealer. Each umbrella costs 90.00 pesos each, Expecting rainy season to come, Mang Hilario purchased 4 dozens of umbrellas every week. The supplier then charges 200.00 pesos per dozen for freight. Mang Hilario can sell 12 umbrellas every day. Remember to use the factors to consider in projecting revenues and refer to tables 4, 5 and 6 as your guide. Suppose Mang Hilario purchases and sales is the same every month, fill in the necessary information in table 6. Table 4 Projected Cost of Good Sold (Monthly) Mang Hilario's Type of Merchandise/Product Projected Volume Average No. Of Items Sold Projected Costs of Purchase (Monthly) Cost per Unit (A) 90 00 (Monthly) (F) = D x 30 Days (J) = AxF Total Table 5

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

What I Can Do
After learming the calculations presented, you can now compute ihe projected
costs by month on your business concept. Use the template below and till n the
necessary figures based on the scenario.
Mang Hilario operates a buy and sell business. He sells umbrellas in his shop near
the city mall. He gets his umbrellas from a local dealer. Each umbrella costs 90.00
pesos each. Expecting rainy season to come, Mang Hilario purchased 4 dozens of
umbrellas every week. The supplier then charges 200.00 pesos per dozen for freight.
Mang Hilario can sell 12 umbrellas every day.
Remember to use the factors to consider in projecting revenues and refer to
tables 4, 5 and 6 as your guide. Suppose Mang Hilario purchases and sales is the
same every month, fill in the necessary information in table 6.
Table 4
Projected Cost of Good Sold (Monthly)
Mang Hilario's
Туре of
Merchandise/Product
Projected Volume
Average No. Of
Items Sold
(Monthly)
(F) D x 30 Days
Projected Costs of
Purchase
(Monthly)
Cost per Unit
(A)
9000
(J)= AxF
Total
Table 5
Freight-In paid by Mang'Hilario every month
No. Of Items Sold
Туре of
Projected Volume
Freight in (January

Table 6
Projected Monthly Costs (Year 1)
Mang Hilario's
March
Month
January
February
Aprd
May
Total Costs
and
Expenses
Month
July
September
October
Novermber
December
August
Total Costs
and
Expenses

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