Republic of the Philippines

DON HONORIO VENTURA STATE UNIVERSITY

Villa de Bacolor, Pampanga

College of Engineering and Architecture

Department of Industrial Engineering

TURONKIT
An Operations Management Study

Presented to the College of Engineering and Architecture

Don Honorio Ventura State University

In Partial Fulfillment of the

Requirements for the Degree of

Bachelor of Science in Industrial Engineering

Ojeras, John Christopher Y.

Punzalan, Janelle M.

Ramos, Gerald S.

Santos, Lemuel Allen P.

Suing, Joseph Miguel F.

Tapang, Kyla Marie R.

Ubor, Joemer B.

June 2023
 APPROVAL SHEET

The project feasibility study entitled Turonkit prepared and submitted by John
Christopher Y. Ojeras, Janelle M. Punzalan, Gerald S. Ramos, Lemuel Allen P.
Santos, Joseph Miguel F. Suing, Kyla Marie R. Tapang, and Joemer B. Ubor in
partial fulfillment of the requirements for the degree of Bachelor of Science in
Industrial Engineering has been examined and is recommended for acceptance and
approval for oral examination.

Engr. Nicole L. Lumod, IE

Adviser

Approved by the committee on oral examination with a grade of _____ on June 2, 2023.

Engr. Junelynne U. Samson Engr. Sherryl Salangsang

Member Member

Engr. Joana L. Ramos MEnM

Member

Accepted in partial fulfillment of the requirements for the degree of Bachelor of Science

in Industrial Engineering.

Engr. Joana L. Ramos MEnM

Chairperson, Department of Industrial Engineering

Engr. Jun P. Flores. PECE, MEP-EE

Dean, College of Engineering and Architecture

 ACKNOWLEDGMENT

We would like to take this opportunity to express our deepest appreciation and

sincere gratitude for their valuable assistance, guidance, moral support, supervision,

cooperation, and encouragement for the completion of this feasibility study. The

proponents of the feasibility study would like to express their deep appreciation for the

exceptional support of the project proponents. All contributions are sincerely appreciated

and gratefully acknowledged.

Foremost, we want to offer this endeavor to our God almighty for the wisdom he

has bestowed upon us and the strength, peace of mind, and good health we need to finish

this study.

Engr. Nicole L. Lumod, who shared her knowledge, insights, and

encouragement. As well as for showing her endless support, kindness, and understanding

this semester. Thank you for the knowledge and wisdom you have imparted to us.

To all relatives, friends, and others who in one way or another shared their

support, either morally, physically, and financially, thank you.

Engr. Jun P. Flores, PECE, MEP-EE, the College Dean for Engineering and

Architecture and Engr. Joana L. Ramos MEnM, the chairperson for Department of

Industrial Engineering who continuously supervised and encouraged the proponents all

throughout the study; and above all, to the Great Almighty, the author of knowledge and

wisdom, for His countless love.

 EXECUTIVE SUMMARY
Everyone's health is the top priority as the COVID-19 pandemic continues to put

a strain on healthcare systems all over the world. Because it has been shown to be the

most efficient method of preventing all diseases and viruses, maintaining an active

lifestyle and eating nutrient-dense foods has become a phenomenon. Through the

development of a Turonkit that we can consume, the proponents of this feasibility study

hope to develop a cutting-edge product that benefits from the numerous health

advantages of both glutinous rice and Turon.

A new partnership-based start-up company called King Inamnam Company will

create a Turon that is nutrient-rich and has positive health effects. We will always

prioritize serving the needs of our customers, guided by our moral principles and business

ethics. The supporters are street vendors who are among the top turon competitors in the

nation. They constantly work to meet the needs of the target market by producing spreads

in fresh designs with added advantages. The King Inamnam Company's supporters

created a technical study that included a variety of information, including workstations,

furniture and fixtures, tools, equipment, and supplies.

Additionally, the finances were discussed, including the selling price of King

Inamnam Company, salaries, deductions, and pretty much every other transaction

necessary for start-up businesses to function successfully. After the research was

finished, the proponents were able to use and put into practice the knowledge and

understanding they had gained from various Industrial Engineering principles,

particularly from the Project Feasibility Study.

 TABLE OF CONTENT

CHAPTER 1: Project Background and History …………………………………

1.1 History of Turon ……………………………………………………………..

1.2 Facts about Glutinous Rice ………………………………………………….
1.2.1 Facts about Ube Halaya ………………………………………………
1.2.2 Facts about Jackfruit ………………………………………………….
1.3 Proposed Product Name and Logo ……………………………………………
1.4 Proposed Company Name and Logo ………………………………………….
1.5 Proposed Location of the Company ……………………………………………..

CHAPTER 2: Organization and Management Study ……………………………

2.1 Vision, Mission, and Objectives ………………………………………………

2.1.1 Vision …………………………………………………………………
2.1.2 Mission ………………………………………………………………….
2.1.3 Objectives
…………………………………………………………………..
2.2 Proposed Form of Business ……………………………………………………….
2.3 Organizational Chart ……………………………………………………………
2.4 Capitalization ……………………………………………………………………
2.5 Job Description and Specifications ……………………………………………….
2.5.1 Manager
…………………………………………………………………….
2.5.2 Production Officer
………………………………………………………….
2.5.3 Finance Officer
……………………………………………………………..
2.5.4 Administrative Officer …………………………………………………….
2.5.5 Marketing Officer ………………………………………………………
2.5.6 Production Worker/s ……………………………………………………..
2.5.7 Cashier Personnel ………………………………………………………..
2.5.8 Delivery Personnel ……………………………………………………….

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 2.6 Manpower Requirements ………………………………………………………..
2.7 Compensation Scheme and Benefits
………………………………………………
2.7.1 Financial Benefits …………………………………………………………
2.7.1.A13th Month Pay
………………………………………………………….
2.7.1.BOvertime Pay …………………………………………………………..
2.7.1.CHoliday Pay …………………………………………………………..
2.8 Hiring Policies ……………………………………………………………………
2.9 Recruitment and Hiring Procedures ……………………………………………
2.9.1 Recruitment and Hiring Policy
……………………………………………..
2.9.2 Recruitment Program ……………………………………………………..
2.9.2.A Social Security System Benefits …………………………………….
2.9.2.B Pag-IBIG Fund ………………………………………………………..
2.9.2.C PhilHealth ……………………………………………………………
2.9.2.D Non-Financial Benefits ……………………………………………
2.9.2.E Sick Leave ………………………………………………………….
2.9.2.F Service Incentive Leave ……………………………………………….
2.10 Management Policies System and Strategies…………………………………
2.10.1 Health, Safety, and Environment ………………………………………….
2.10.2 Entrance of the Property…………………………………………………..
2.10.3 Fire Protection …………………………………………………………….
2.11House Rule Policies ……………………………………………………………..
2.11.1 Housekeeping ……………………………………………………………
2.12Policies in Production …………………………………………………………..
2.13Termination of Employment …………………………………………………….
2.13.1 Termination by General Manager …………………………………………
2.13.2 Employee Resignation …………………………………………………
2.13.3 Retirement from the Service …………………………………………..

Conclusion……………………………………………………………………………….

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CHAPTER 3: Market Study …………………………………………………………

3.1 Target Market …………………………………………………………………..

3.2 Market Survey Analysis …………………………………………………………..
3.3 Demand and Supply Analysis ……………………………………………………
3.3.1.A Computation for Monthly Consumption Rate ………………………
3.3.1.B Computation for Historical Demand ………………………………..
3.3.1.C Methods for computing Projected Demand ……………………….
3.3.1.C.a Arithmetic Straight-line Method …………………………
3.3.1.C.b Statistical semi log Method ……………………………….
3.3.1.C.c Parabolic Projection Method ……………………………..
3.3.1.D Standard Deviation (demand) ………………………………………
3.3.1.D.a Arithmetic Straight-line Method ………………………….
3.3.1.D.b Statistical semi log Method ……………………………….
3.3.1.D.c Parabolic Projection Method ……………………………….
3.3.1.E Computation for Historical Supply …………………………………..
3.3.1.F Methods of computing Projected Supply ……………………………..
3.3.1.F.a Arithmetic Straight-line Method ……………………………..
3.3.1.F.b Statistical semi log Method ………………………………….
3.3.1.F.c Parabolic Projection Method …………………………………
3.3.1.G Standard Deviation (supply) …………………………………………..
3.3.1.G.a Arithmetic Straight-line Method …………………………….
3.3.1.G.b Statistical semi log Method
…………………………………..
3.3.1.G.c Parabolic Projection Method ………………………………..
3.3.1.H Demand and Supply Gap Analysis
…………………………………….
3.3.1.I Projected Demand and Supply Gap Analysis ………………………..
3.3.1.J Competitors Market Share …………………………………………..
3.3.1.KVolume of Production ………………………………………………
3.4 Marketing Program and System …………………………………………………..
3.5 Pricing Strategies ………………………………………………………………….

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 3.6 Channel of Distribution …………………………………………………………….
3.7 Marketing …………………………………………………………………………..
3.8 Branding…………………………………………………………………………….
3.9 Labelling and Packaging ………………………………………………………

CHAPTER 4: Technical Study ……………………………………………………….

4.1 Product …………………………………………………………………………

4.1.1 Specifications ……………………………………………………………
4.2 Raw Materials and Suppliers …………………………………………………….
4.2.1 List of Raw Materials ……………………………………………………..
4.2.2 List of Suppliers of Raw Materials ……………………………………….
4.2.3 List of Materials ………………………………………………………….
4.2.4 List of Suppliers of Materials ……………………………………………..
4.2.5 Product Structure Tree ……………………………………………………
4.3 Production Tools and Equipment …………………………………………………..
4.4 Material Handling Equipment …………………………………………………….
4.5 Production Worker Uniform ………………………………………………………
4.6 Furniture, Fixtures, and Equipment ……………………………………………….
4.6.1 Office
……………………………………………………………………….
4.6.2 Production ………………………………………………………………..
4.6.3 Toilet Room ………………………………………………………………..
4.6.4 Breakroom ………………………………………………………………….
4.6.5 Tool Room ………………………………………………………………
4.7 Manufacturing Process …………………………………………………………….
4.7.1 Process Description ……………………………………………………
4.8 Time Study …………………………………………………………………………
4.9 Production Schedule ……………………………………………………………….
4.10 Plant Layout
……………………………………………………………………

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 4.11 Floor Diagram
…………………………………………………………………
4.12 Plant Location
…………………………………………………………………….
4.12.1 Supply of Utilities
…………………………………………………………..
4.12.1.A Power Supply ………………………………………………………
4.12.1.B Water Supply ………………………………………………………
4.12.1.C Telephone/Internet Connection ……………………………………
4.12.2 Accessibility ……………………………………………………………….
4.12.3 Safety ………………………………………………………………………
4.13 Waste Disposal Management
……………………………………………………..

Conclusion …………………………………………………………………………………

CHAPTER 5: Financial Study

……………………………………………………………

5.1 Financial Assumptions …………………………………………………………….

5.2 Project Cost ………………………………………………………………………..
5.3 Pre-operating Cash Flows ………………………………………………………….
5.4 Pre-operating Statement of Financial Position
……………………………………..
5.5 Table of Equipment ………………………………………………………………..
5.6 Schedule of Depreciation and Amortization ………………………………………
5.7 Schedule of Pre-operating Expenses ……………………………………………….
5.8 Direct and Indirect Materials Requirements
………………………………………..
5.9 Unit Cost and Cost of Goods Sold
…………………………………………………..
5.10 Payroll
……………………………………………………………………………

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 5.11 Projected Sales
…………………………………………………………………
5.12 Schedule of Financial Statement Accounts
……………………………………
5.13 Schedule of Utilities
………………………………………………………….
5.14 Projected Statement of Comprehensive Income
………………………………..
5.15 Projected Statement of Partners’ Equity
………………………………………..
5.16 Projected Statement of Financial Position
……………………………………..
5.17 Financial Ratio Analysis
……………………………………………………….

Conclusion ……………………………………………………………………………….

CHAPTER 6: Socio-Economic Study ………………………………………………

6.1 Economic Contribution ………………………………………………………

6.2 Social Contribution ……………………………………………………………….
6.3 Environmental Contribution ………………………………………………………

Conclusion ………………………………………………………………………………..

REFERENCES …………………………………………………………………………

APPENDICES ………………………………………………………………………..

Appendix A …………………………………………………………………….

Appendix B ………………………………………………………………………..

LIST OF FIGURES

Figure 1.1 Proposed Product Logo ……………………………………………………..

Figure 1.2 Proposed Company Logo …………………………………………………….

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Figure 1.3 Proposed Company Location ………………………………………………….
Figure 2.1 Organizational Chart
……………………………………………………………
Figure 2.2 Recruitment and Hiring Procedures
…………………………………………….
Figure 3.1 Colleges of the respondents …………………………………………………..
Figure 3.2 The result of survey question number one
………………………………………
Figure 3.3 The result of survey question number two ……………………………………..
Figure 3.4 The result of survey question number three ……………………………………
Figure 3.5 The result of survey question number four ……………………………………..
Figure 3.6 The result of survey question number five
………………………………………
Figure 3.7 The result of survey question number six ……………………………………
Figure 3.8 Pricing Strategy of King Inamnam Co.
…………………………………………
Figure 3.9 Direct-to-consumer distribution ………………………………………………..
Figure 3.10 Brand Name of the Company …………………………………………………
Figure 3.11.1 Packaging for Single Order …………………………………………………
Figure 3.11.2 Packaging for Bundle Order ……………………………………………….
Figure 4.1 Actual Product …………………………………………………………………
Figure 4.2 Product Structure tree of Turonkit
………………………………………………
Figure 4.3 Preparation Process Flow Chart ………………………………………………..
Figure 4.4 Process Flow Chart …………………………………………………………….
Figure 4.5 Plant Layout …………………………………………………………………….
Figure 4.6 Floor Diagram ………………………………………………………………….
Figure 4.7 Plant Location ………………………………………………………………….

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 LIST OF TABLES

Table 2.1 Capitalization of King Inamnam Co. …………………………………………..

Table 2.2 Required Number of Worker
…………………………………………………….
Table 2.3 Regular, Special, and Local Holidays
……………………………………………
Table 3.1 Colleges of Don Honorio Ventura State University – Main Campus
……………
Table 3.2 Total Number of Students Population of DHVSU Main Campus
……………….
Table 3.3 Students Population of DHVSU Main Campus …………………………………
Table 3.4 Computation for Monthly Consumption Rate …………………………………..
Table 3.5 Computation for Historical Demand …………………………………………….
Table 3.6 Historical Demand in Arithmetic Straight-line Method ……………………….
Table 3.7 Projected Demand in Arithmetic Straight-line Method
…………………………..
Table 3.8 Historical Demand in Statistical semi log Method
………………………………
Table 3.9 Projected Demand in Statistical semi log Method
………………………………..
Table 3.10 Historical Demand in Parabolic Method
……………………………………….
Table 3.11 Projected Demand in Parabolic Projection Method
……………………………..
Table 3.12 Arithmetic Straight-line method and the Standard Deviation
…………………..
Table 3.13 Statistical semi log method and the Standard Deviation
………………………..
Table 3.14 Parabolic Projection method and the Standard Deviation ……………………..

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Table 3.15 Annual Supply of competitors for the year 2018 ……………………………..
Table 3.16 Annual Supply of competitors for the year 2019 ………………………………
Table 3.17 Annual Supply of competitors for the year 2020 ………………………………
Table 3.18 Annual Supply of competitors for the year 2021
……………………………….
Table 3.19 Annual Supply of competitors for the year 2022
………………………………..
Table 3.20 Total Annual Supply of competitors from the year 2018 to 2022
……………….
Table 3.21 Historical supply in Arithmetic Straight-line method ………………………….
Table 3.22 Projected supply in Arithmetic Straight-line method …………………………
Table 3.23 Historical Supply in Statistical semi log method ……………………………..
Table 3.24 Projected supply in Statistical semi log method ……………………………….
Table 3.25 Historical supply in Parabolic Projection method ……………………………..
Table 3.26 Projected supply in Parabolic projection method
………………………………
Table 3.27 Arithmetic Straight-line method and the Standard Deviation
………………….
Table 3.28 Statistical semi log method and the Standard Deviation ………………………
Table 3.29 Parabolic projection method and the Standard Deviation ……………………..
Table 3.30 Historical demand and supply gap analysis ……………………………………
Table 3.31 Projected demand and supply gap analysis
……………………………………..
Table 3.32 Competitors market share ……………………………………………………..
Table 3.33 Volume of Production ………………………………………………………..
Table 3.34 Projected production from 2023 to 2027 …………………………………….
Table 3.35 Projected supply from 2023 to 2027 ………………………………………….
Table 4.1 List of Raw Materials ………………………………………………………..

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Table 4.2 List of Suppliers of Raw Materials
………………………………………………
Table 4.3 List of Materials …………………………………………………………………
Table 4.4 List of Suppliers of Materials
……………………………………………………
Table 4.5 List of Production Tools and Equipment ………………………………………..
Table 4.6 List of Material handling equipment
…………………………………………….
Table 4.7 List of Production Worker Uniform
……………………………………………...
Table 4.8 Office Equipment ……………………………………………………………
Table 4.9 Production Equipment …………………………………………………………
Table 4.10 Toilet room Equipment
…………………………………………………………
Table 4.11 Breakroom FFE
…………………………………………………………………
Table 4.12 Tool Room FFE
………………………………………………………………...
Table 4.13 Process Description ……………………………………………………………
Table 4.14 Time Study ……………………………………………………………………
Table 4.15 Production Schedule …………………………………………………………..
Table 5.1 Project Cost ……………………………………………………………….
Table 5.2 Pre-operating Cash Flows ……………………………………………………..
Table 5.3 Pre-operating Statement of financial position …………………………………
Table 5.4 Table of equipment
………………………………………………………………
Table 5.5 Schedule of Depreciation and Amortization …………………………………….
Table 5.6 Schedule of Pre-operating expenses
……………………………………………..
Table 5.7 Material Requirements …………………………………………………………

x
Table 5.8 Unit Cost and Cost of Goods Sold ……………………………………………..
Table 5.9 Payroll ………………………………………………………………………….
Table 5.10 Projected Sales ………………………………………………………………..
Table 5.11 Schedule of Financial statements accounts ………………………………….
Table 5.12 Schedule of Utilities ………………………………………………………..
Table 5.13 Projected Statement of Comprehensive Income ………………………………
Table 5.14 Projected Statement of Partners’ Equity ……………………………………….
Table 5.15 Projected Statement of Financial Position……………………………………..
Table 5.16 Financial ratio analysis
…………………………………………………………

xi
 CHAPTER 1

Project Background and History

In the Philippines, Merienda is a part of daily life. The word “merienda” is a

Spanish “Merendar”, terms that mean "to eat a snack". Serving snacks at the table in

addition to meals is important to the majority of Filipino mothers. This culture was

passed down to the Filipinos by the Spanish invaders who ruled the Philippines (Legazpi,

2023).

The majority of Filipinos in today's generation love to eat sweet foods. The

typical Filipino has their traditional snack, which is typically a sweet treat, after every

meal and during mirienda time (break). Filipinos are constantly fascinated by and eager

to try today's famous foods. Some Filipinos come up with unique recipes that anybody

will love. Everyone wants to try something new or put their own spin on an old favorite.

By simply experimenting in the kitchen, even the average individual can come up with

something fresh. Despite the economic position of every state, the food industry has

never been tense; instead, it is steadily expanding.

Turon Malagkit is a fried Filipino spring roll, filled with a mixture of sticky rice,

condensed milk, ube, and jackfruit and coated with sweet condensed milk. Glutinous rice

is a type of rice that is mostly grown in Asian countries. It is presently being exported

throughout the world and sold in retailers all around the world. Glutinous rice is

sometimes known as "sticky rice" due to its sticky texture when cooked. It's a filling dish

that may be eaten for breakfast, lunch, or dinner.

1
 Glutinous rice is a very adaptable ingredient that can be used to prepare a variety

of delicious foods. Among them is this popular turon Malagkit. Turon malagkit has been

so popular nowadays. People are searching for creative methods to use their ingredients

and try out new recipes as a result of the pandemic. The turon malagkit is one of the

experiments' results. The sticky rice (also known as malagkit rice) is prepared in the same

way as regular rice. After that, it is wrapped in a lumpia or spring roll wrapper and has

ube and langka inside. After being wrapped, the sticky rice will be deep-fried and coated

with sweet condensed milk.

The Philippines is rich in culinary delights that reflect the country's tragic yet

fascinating history. Filipinos are renowned for loving to cook and eat a variety of foods,

and they are also known to be scientists when it comes to conducting experiments or

creating their meals. Filipinos, particularly, are fans and lovers of sweets because the

Philippines is rich in this food. This food primarily comprises sugar or glucose, the

body's main fuel source. The body breaks these particles down and transports them into

cells, where they can eventually transform into energy, which every human being

requires.

Pampanga is popular for "kakanin," or rice cakes made from glutinous rice and

coconut milk and come in various flavors. They created these delicacies because they

also enjoy sweets and consider themselves gourmands; they fall into the category of

people addicted to eating, eating five or six times a day, including the so-called

"Miryenda," which Kapampangan traditionally consume between the hours of nine and

three in the afternoon. They do this because they are also workaholics and frequently feel

2
exhausted. And for this reason, rice cakes are made; they can easily fill an empty stomach

and are rich in carbohydrates, which contain glucose or sugar, a source of energy.

1.1 History of Turon

Turon, known as banana lumpia to some, is a sweet and crunchy snack popular in

the Philippines. This popular snack is made by rolling sliced bananas and jackfruit in a

spring roll wrapper, with a coat of brown sugar, and then deep-frying until golden brown.

Turon can be served as a dessert, merienda (snack), or even as a meal. Many people all

over the world enjoy turon, which has grown in importance in Filipino cooking.

Before the Philippines were colonized by Spain, there was a significant Chinese

presence in the region, which is frequently cited as having contributed to the development

of turon. However, it is the Filipino people who have perfected the recipe and made it

their own. The original recipe consisted of only banana slices and brown sugar rolled in a

lumpia wrapper. However, over time other ingredients such as jackfruit or langka were

added to give it more flavor. Historically, Turon became widely known during World

War II when there was a shortage of wheat flour which forced people to use alternative

ingredients such as rice flour and cassava flour for making lumpia wrappers.

Turon is one of the most well-known street foods in Manila, the capital of the

Philippines. It's convenient for a quick snack while traveling. It has been claimed that

turon originated in Philippine towns close to banana plantations and agricultural fields.

Turon's cultural impact on Filipino cuisine cannot be overlooked because it

represents the unique blend of Philippine history with indigenous techniques involving

3
locally sourced fruits and flavors. The combination of these flavors and textures creates

an irresistible snack that Filipinos have loved for generations.

According to Tastewise, social conversations about turon have increased by

5.61% over the past year. There is high demand for turon worldwide due to its delicious

taste and healthy nature derived from using natural fruit fillings wrapped within whole

wheat-based skin rather than processed flours or artificial preservatives found in regular

snacks. This trend will continue due to increased health consciousness among consumers.

Turon is not only delicious, but it is also an affordable dessert that can be enjoyed

by anyone. It is commonly sold in street markets and is a popular item to bring to

potlucks and parties. It is not only beloved in the Philippines but has also gained

popularity in other countries, including the United States.

Through its simplicity and mouthwatering taste, turon has become an important

part of Filipino culture. It is a symbol of the resiliency, creativity, and resourcefulness of

the Filipino people. It has been passed down from generation to generation, continuing to

bring joy and delight to Filipinos and people around the world.

1.2 Facts about Glutinous Rice

Glutinous rice, also known as sticky rice or sweet rice, is a type of rice that is

commonly used in Asian cuisine. It has a unique texture and flavor due to its high

amylopectin content. Glutinous rice has been cultivated for thousands of years and has

played an important role in the culinary traditions of many societies. The study of

glutinous rice's nutritional and health benefits is crucial because it has been shown to

have several positive impacts on human health.

4
 In addition to providing energy, glutinous rice is rich in vitamins such as thiamine

(B1) which plays a key role in energy metabolism. It also contains minerals such as

magnesium which supports bone health.

One of the primary areas of study conducted on glutinous rice is its nutritional

values. Some researchers have found that it is high in carbohydrates and calories, but low

in protein and fiber. However, it also contains essential amino acids, vitamins B and E,

and minerals like iron, zinc, and phosphorus. (BASc, 2021). Thus, glutinous rice can

serve as a healthy carbohydrate source to individuals who need energy or those who have

limited access to other protein-rich food sources. Proper usage of this rice and combining

it with other food groups can help people achieve a balanced diet, especially those in

poverty-stricken areas.

People may benefit from sticky rice in many ways, including increased energy,

protection against free radicals, dietary benefits, thyroid hormone activity regulation,

bone health maintenance, immune system support, appetite control, and many more

(klabrahams,2017).

1.2.1 Facts about Ube Halaya

Purple yam, also known as Dioscorea alata, is a type of root vegetable that is

native to Southeast Asia. It is known for its vibrant purple color and sweet flavor.

Ube has a wide range of culinary uses - it can be boiled, mashed, fried, or baked.

They frequently replace other starchy vegetables in various dishes, such as stews, soups,

and stir-fries. The ube used to make this flour is used to make many desserts. It can also

5
be processed into a powder to create foods with vibrant colors, such as rice, candy, cakes,

desserts, and jams.

The purple yam is packed with healthy ingredients. It is abundant in

carbohydrates, iron, vitamin A, and vitamin c, essential for maintaining DNA protection

and preventing cellular aging and damage. Purple yam also has a small amount of fat and

is a good source of potassium. This starchy root vegetable also aids in lowering blood

pressure and inflammation thanks to its potent plant chemicals, such as anthocyanins.

The inclusion of anthocyanins, which give purple yam its purple color and serve

as an antioxidant to promote healthy blood circulation, reduces the risk of blood clots.

The selenium and iodine in purple yam have also helped fight thyroid and cancer

diseases. Eating purple yam can help you manage your weight healthily and

appropriately. As is common knowledge, purple yam contains carbohydrates that can aid

in weight gain. To maintain a good and healthy body, weight management activities are

required.

1.2.2 Facts about Jackfruit

Jackfruit is an exotic tropical fruit that is native to South Asia. It is also known as

the “King of Fruits” due to its large size and unique taste. Jackfruit is becoming

increasingly popular worldwide as it offers numerous health benefits and is a rich source

of nutrients. In this essay, we will explore some interesting facts about jackfruit.

Another interesting fact about jackfruit is its versatility. The fruit can be eaten

fresh, cooked, or canned, and its seeds, which are also edible, can be roasted, boiled, or

6
fried. In many countries, the jackfruit is recognized as a vegetable and is used in curries,

stews, and soups.

Jackfruit is also a nutritional powerhouse. Although it contains few calories, it is a

good source of fiber, vitamin C, potassium, and antioxidants. Jackfruit is known to

improve digestion, boost immunity, and lower blood pressure and cholesterol levels. The

fruit is also a good source of protein, making it an excellent vegan alternative to meat

(Lawler, 2021).

Additionally, jackfruit is known for its medicinal properties. The fruit has been

used in traditional medicine to treat a variety of ailments, including fever, diarrhea, and

skin diseases. Studies have also shown that the extracts from jackfruit leaves and seeds

have anti-cancer properties.

1.3 Proposed Product Name and Logo

Figure 1.1 Proposed Product Logo

A banana wrapped in a lumpia wrapper and fried with caramelized sugar is

known to Filipinos as "Turon." Due to their love of sweet foods, it has become a part of

the Filipino Miryenda over time. Rice Cakes, also known as Kakanin, and Turon are

7
among the most popular foods in the nation. As a new product and to demonstrate the

creativity of the entrepreneurs, they chose to combine the two to create Turonkit, a

unique and delicious food item. Turonkit is rich in iron for the blood, calcium for the

bones, protein, energy source, and vitamin C, which helps treat cancer sores and intense

heat. Turonkit is also high in carbohydrates because it is sweet due to the caramelized

sugar, which is one of the energy sources the body needs.

Logo plays a vital role in business because it contributes to the identity of the

company and its products. Hence, our logo shows our product which is “Turonkit” with a

font of Yellowtail is an old school flavored flat brush script typeface of medium weight.

Yellowtail script's earthy aesthetic gives designs a unique appeal. It is legible even in

smaller sizes and has a very unique look (H. Jocelyn, 2020).

According to Chaffey (2022), the gold circle outside the logo shows the

confidence of our company in producing quality products. The color brown that is used

inside the circle shows stability and as we all known, brown stimulates natural,

wholesome, and organic. (Storey, 2023).

According to Tran & Tran (2023), the color peach is often associated with

warmth, sweetness, and friendliness. Peach colors that are strong and vibrant stand for

inspiration, life, and fun.

Our product is being shown at the center of the logo which is the "turon" which is

made up of sweetened sticky rice. Our tagline is also shown in the logo which states "A

Filipino Snacking Experience" with a font of Abhaya Libre is quite a dramatic effect

8
when applied in the header due to its great readability and large-bodied (Team Dg, 2022).

Our product is a Filipino dessert that is perfect for the sweet taste buds of consumers.

1.4 Proposed Company Name and Logo

Figure 1.2 Proposed Company Logo

The Province of Pampanga is well-known for its cuisine, which is why it is called

the "Culinary Capital of the Philippines." This is due to the delicious, distinctive, and

well-known nature of the region's cuisine and the locals' colorful and inventive minds.

The Kapampangan word "Linamnam," which means "delicious," is well-known because

even non-kapampangan use it to describe their cuisine and specialties.

The "Culinary Capital of the Philippines" and the word "Linamnam" are two

legacies of the Province of Pampanga and the Kapampangan people. The "King" is from

the denomination of the province, and the "Inamnam" is a short term for Linamnam, and

that is how "King Inamnam" was named.

9
 The company name served as the inspiration for the logo. According to

ZenBusiness Inc. (2023), The simple addition of a crown to your company's logo

communicates your status as a significant player in the marketplace.

A promise is made that the business or organization being represented provides

something of high value when a diamond is used in the logo. Customers would hope that

a logo's use of a diamond would be a guarantee of the promise. A diamond is a simple

and cost-free element that can be used in a logo to attract many customers or potential

member (Diamond Shaped Logos - Diamond Logo Design, n.d.).

According to Peate (2023), Flowers are a representation of femininity, the natural

world, and beauty. They can also be connected to a number of abstract ideas, such as

innovation and creativity, as well as growth and nourishing. Logos featuring flowers can

be vibrant, eye-catching, contemporary, captivating, or elegantly understated.

According to Interactive Effects of Color, the color brown conveys power,

toughness, masculinity, nature, the earth, and seriousness. It is useful, but it can also

convey a certain level of sophistication. Brown is frequently linked to natural, healthy, or

organic products due to its "outdoorsy" feel.

10
1.5 Proposed Location of the Company

Figure 1.3 Proposed Company Location

The proponent thoroughly investigated the area and gathered relevant information

before establishing the location. As a result, the proposed company location will be at the

Don Honorio Ventura State University - Bacolor Campus's vacant lot area. The

approximate area of this land parcel is 120 square meters (10 m x 12 m). The location

that the company chose allows it to meet its production objectives without destroying any

nearby environmental hazards or community rules. The lot proposed is enough to do all

the necessary task, accommodation for customers, and the whole production of the

business.

11
 CHAPTER 2

Organization and Management Study

An organization is made up of various branches that are responsible for managing

procedures, monitoring activities, and implementing plans, short and long-term goals

through the work of individuals assigned to specific responsibilities. According to

Megginson, Mosley, and Pietri, management uses human, financial, and physical

resources to achieve organizational objectives by performing the planning, organizing,

leading, and controlling functions.

2.1. Vision, Mission, and Objectives

2.1.1. Vision. King Inamnam Co. shall be one of the leading companies of

innovative and delicious delicacies that brings the best tasting and creative foods in

Bacolor, Pampanga.

2.1.2. Mission. King Inamnam Co. aims to be the leading company in the next

five years. To provide foods that are new to the sense of the customers, safe, and a

customer standard based with a high quality that will surely satisfy their needs, wants,

expectations and experience. The company commits to acknowledging the efforts of its

workers as well as the organization’s profitability.

2.1.3. Objectives

12
  To introduce a new variety of Kakanin that Filipino people would love and

enjoy.

 To preserve traditional products.

 To give customers with an affordable yet delicious delicacies.

 To be able to contribute to the country's economic prosperity by providing

employment opportunities for Filipinos, especially specifically

Kapampangan’s.

 To establish and maintain a positive relationship with the prospective

customer.

2.2. Proposed Form of Business

King Inamnam Co. is a partnership form of business organization. A business

partnership is a specific kind of legal relationship formed by the agreement between two

or more individuals to carry on a business as co-owners. The partners in a business

partnership invest in the business, and each investor/partner has a share in the profits and

losses. One of the most important aspects of a good business partnership is shared short-

term and long-term values. This doesn't mean you have to agree on everything but too

many disagreements can hurt the business over the long term. In many ways, a business

partnership is similar to a friendship (Johnson, 2021). A friendship may not survive a

partnership. Keep in mind John D. Rockefeller's famous words: "A friendship founded on

business is a good deal better than a business founded on friendship (Gosnell, n.d.).

There are two kinds of partnership: General Partnership and Limited Partnership.

King Inamnam Co. chose to be general partnerships wherein it is the easiest and cheapest

type of partnership to form. It is owned by two or more general partners, and all of their

13
debts and obligations are legally liable for each other. Together, they handle and run the

company. Choosing a general partnership is that it’s fairly easy to set up. You don’t have

to file with the state and there are no ongoing fees to pay. This type of partnership

provides very little liability protection to both partners (Corporate Finance Institute,

2022).

2.3. Organizational Chart

The type of organizational structure that King Inamnam Co. has is Functional

Organizational Structure. The functional organizational structure helps King Inamnam

Co. to operate better by grouping employees based on their specialist skills and

experience. In addition, it establishes a clear hierarchy to company and reduces employee

uncertainty. Also allows specialists to focus on their task and improve on the job (James,

2021).

The Purpose of the Organizational Structure is to avoid business chaos, like

making multiple decisions from different people in the company. By this chart, there will

be a smooth flow in the day-to-day operation of the business; at the same time, there will

be no conflicts between the employees and the owners.

Manager

Production Administrative
Marketing Officer Finance Officer
Officer Officer

14
Production Cashier/Delivery
Worker/s Personnel
 Figure 2.1. Organizational Chart

2.4. Capitalization

King Inamnam Co. is a general partnership that consists of seven (7) partners and

shall be registered with the Securities and Exchange Commission. The Company has a

total investment of Seven Million Pesos (₱7,000,000.00), each partner invested

₱1,000,000 (14.29%) as their contribution to the capital of business. The table below

shows the actual name of the business partners and their respective contributions in

pesos.

NAME CAPITAL CONTRIBUTED PERCENTAGE

(PHP)
Ojeras, John Christopher Y. 1,000,000 14.29%
Punzalan, Janelle M. 1,000,000 14.29%
Ramos, Gerald S. 1,000,000 14.29%
Santos, Lemuel Allen P. 1,000,000 14.29%
Suing, Joseph Miguel F. 1,000,000 14.29%
Tapang, Kyla Marie R. 1,000,000 14.29%
Ubor, Joemer B. 1,000,000 14.29%
TOTAL: 7,000,000 100%

Table 2.1 Capitalization of King Inamnam Co.

The company must file the necessary permit and registration to operate the

business. These are the following.

 (DTI) Department of Trade and Industry

 (SEC) Securities and Exchange Commission

15
  (DOH) Department of Health

 (BIR) Bureau of Internal Revenue (Tax Registration Number)

 (BFP) Bureau of Fire and Protection

After registering from the government agencies, we will also submit proper

documents and comply from the local government where the business is located these are

as follows.

 Mayor’s Permit

 Barangay Clearance

Finishing all the requirements and submitted all the permits the business is now

ready to operate (Filepino, 2022).

2.5. Job Description and Specifications

A job description is a brief statement that tells the general information about the

job. It is where the nature of the job is described. The job description is briefly taken

from the job analysis, and it comprises of information about the workplace, duty hours,

salary, responsibilities, and other general information. On the other hand, a job

specification derives from the job description; it is one of the most important readable

information for the job-hunter as it tells about the eligibility criteria for the certain post.

The job specification holds information regarding the eligibilities for the vacancy. It lets

applicants know what skills, level of experience, education, and abilities are required for

the role (CPL, 2022). Listed below are the particular job descriptions and specifications

of each required position for King Inamnam Co.

2.5.1. Manager

16
Job Description

 Assess and improve operational and financial performance.

 Design strategy and set goals for growth.

 Ensure employees work productively and develop professionally.

 Ensure employees are motivated and productive.

 Oversee recruitment and training of new employees.

 Responsible for collaborating and developing improvement plans, monitoring

progress and delegating employee assignments (Bika, 2022).

Job Specifications

 Male or Female.

 He/she must be 25 years old or older.

 He/she must at least have 2 - 4 years of working experience in management or

supervisory position.

 He/she must be a graduate of Bachelor’s Degree in Accounting, Finance or

Business.

 He/she must have leadership skills to manage resources and dynamic

organizational skills to maintain daily operations.

 He/she must be excellent in communication skills (Bika, 2022).

2.5.2. Production Officer

Job Description

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 Establishing daily, weekly, and monthly goals and communicating them to the

production assistants and other stakeholders constitutes planning and organizing

production.

 Ensures accurate raw material, packaging, and finished goods inventories.

 Maintains a sufficient supply of raw materials and finished goods.

 Conducts regular equipment and facility maintenance.

 Ensures accurate and on-time delivery of goods to stores.

 Identifies issues in efficiency and suggest improvements.

 Ensure that client orders are executed on schedule and within budget, while also

adhering to quality standards and expectations (Production Officer at Healthy

Options, Corp., n.d.).

Job Specifications

 Male or Female.

 He/she must be 24 years old or older.

 He/she must be a graduate of Bachelor's Degree in Agri, Industrial Engineering,

and Business Management.

 He/she must have a minimum of 2year’s experience in production, manufacturing,

warehousing, supply chain management or similar role.

 He/she must have experience in using various types of production machinery and

tools.

 He/she must have problem-solving skills (Production Officer at Healthy Options,

Corp., n.d.).

18
 2.5.3. Finance Officer

Job Description

 Develops and maintains financial systems.

 Plans, directs, and controls accounting and financial operations.

 Prepares reports and documents covering accounting transactions for management

review.

 Monitors budget performance, expenditure control.

 Establishes budgets, forecasts future cash flows, provides periodic financial

analysis.

 Ensures that accurate records are kept by standard practices (Hays, n.d.).

Job Specifications

 Male/female.

 He/she must have an accountancy degree, preferably Certified Public Accountant.

 He/she must have excellent analytical and numerical skills.

 He/she must have solid knowledge of financial and accounting procedures.

 He/she must have sharp time management skills.

 He/she must have strong ethics, with an ability to manage confidential data

(Pavlou, 2020).

2.5.4. Administrative Officer

Job Description

 Manage the stock of office supplies and place orders.

 Maintain and update company databases.

19
 Keep a company calendar up to date and make appointments.

 Organize a filing system for important and confidential company documents.

 Prepare regular reports on expenses and office budgets.

 Prepare reports and presentations with statistical data, as assigned (Pavlou, 2020).

Job Specifications

 Male/female.

 He/she must be 25 years old or older.

 He/she must have experience with office management software like MS Office

(MS Excel and MS Word, specifically).

 He/she must have strong organization skills with a problem-solving attitude.

 He/she must have excellent written and verbal communication skills.

 He/she must attention to detail.

 He/she must have Solid knowledge of office procedures (Pavlou, 2020).

2.5.5. Marketing Officer

Job Description

 Perform market research to find chances for promotion and growth.

 Participate in the execution of marketing strategies.

 Plan advertising and promotional campaigns for products or services across

multiple media platforms (social, print etc.).

 Work with managers to prepare budgets and monitoring expenses.

20
 Support the marketing manager in overseeing the department’s operations (Bika,

2020).

Job Specifications

 Male/female.

 He/she must have a degree in BSc/BA in marketing, business administration or

relevant field.

 He/she must have solid knowledge of marketing techniques and principles.

 He/she must have good understanding of market research techniques, statistical

and data analysis methods.

 He/she must have excellent organizational and multi-tasking skills.

 He/she must have Thorough understanding of social media and web analytics.

 He/she must be Creative and commercial awareness (Bika, 2020).

2.5.6. Production Worker/s

Job Description

 Maintain the warehouse’s machines.

 Report on defective products or machinery.

 Check stock levels and report deficiencies in products or raw materials.

 Keep the worksite clean to avoid hazards from chemicals and fragile products.

 Review and follow manufacturing manuals to build machinery.

 Ensure shipping procedures are timely.

 Follow the company’s safety and quality guidelines (Marinaki, 2022).

Job Specifications

21
 Male/female.

 He/she must be at least 21 years old.

 He/she must good understanding of how production equipment works.

 He/she must have a knowledge of basic safety rules and precautionary measures.

 He/she must have good communication and teamwork skills.

 He/she must be at least a high school graduate (Marinaki, 2022).

2.5.7. Cashier Personnel

Job Description

 Collect payments whether in cash or credit.

 Manage transactions with customers using cash registers.

 Greet customers when entering or leaving the store.

 Resolve customer complaints, guide them and provide relevant information.

 Issue receipts, refunds, change or tickets (Kourmentza, 2022).

Job Specifications

 Male/female.

 He/she must be between 19-30 years old.

 He/she must have basic PC knowledge.

 He/she must have good math skills.

 He/she must strong communication and time management skills.

 He/she must be at least a high school graduate.

 He/she must be customer satisfaction-oriented (Kourmentza, 2022).

2.5.8. Delivery Personnel

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 Job Description

 Following time schedules and the routes that have been assigned.

 Orders are reviewed before and after delivery to ensure that they are complete,

that the charges are correct, and that the customer is satisfied.

 Creating reports and other delivery-related documents.

 Giving excellent customer service, answering questions, and dealing with client

complaints.

 Loading, transporting, and delivering items to clients or businesses in a safe,

timely manner.

 Abiding by all transportation laws and maintaining a safe driving record

(Betterteam, 2022).

Job Specifications

 Male/female.

 He/she must have working experience as a delivery driver.

 He/she must have valid professional driver’s license.

 He/she must have good driving record with no traffic violations.

 He/she must be willing to adhere to assigned routes, schedules, safety procedures,

and transportation laws.

 He/she must have strong time management and customer service skills.

 He/she must have ability to walk, drive, lift, and carry heavy items for extended

periods (Betterteam, 2022).

2.6. Manpower Requirements

23
 Manpower has an impact on every aspect of a business and is a necessary

component of its operation, from production to client connections. Planning the

workforce inventory needed by a company to match them with the requirements and

demands of the jobs is the first step in staffing. The work cannot be done without enough

workforce. Just picture a factory with no employees. Nothing will move along the value

chain—raw materials, inventory, or finished goods (MBA Skool, 2021). The following

table illustrates the required manpower:

JOB TITLE NUMBER OF WORKER/S

Manager 1
Production Officer 1
Finance Officer 1
Administrative Officer 1
Marketing Officer 1
Production Worker/s 2
Cashier 1
Delivery Personnel 1
TOTAL 9
Table 2.2 Required Number of Worker

2.7. Compensation Scheme and Benefits

The company's policy is to pay its employees a wage that will promote

performance excellence and preserve the labor market's competitiveness, which is

essential for attracting and keeping qualified employees.

Employee benefits may be required by law depending on the risk associated with

the job or industry or provided voluntarily by the employer. A good package of benefits

increases the value employees receive from their working lives and contributes to their

own health and that of their families. Employees adore their benefits. They want to be

24
praised and acknowledged for their work. Remuneration may serve various purposes,

such as recruitment, job performance, and job satisfaction, by offering compensation

Scheme and Benefits to employees in exchange for their efforts (Haan, 2022). Our

company offers the following compensation and benefits:

 Life and Health Insurance

 Dental Insurance

 Paid Sick Leave

 Recognition and Fun Gifts

 Paternal Leave

 Employee Discounts

 Employee Assistance Program

2.7.1. Financial Benefits

Financial benefits are among the best incentives a company can offer its staff.

Attracting and keeping employees is a top employer concern in the current economy.

Offering employees, a variety of financial perks can give them peace of mind knowing

their family's present and future financial security is taken care of. Our company offers

the following financial benefits:

 Disability Insurance

 Health Insurance

 Retirement Plans

 Paid Parental Leave

 Pension

25
  Financial Wellness Program

2.7.1.A 13th Month Pay

According to the Official Gazette, the official journal of the Republic of the

Philippines, 13th month pay is “a form of monetary benefit equivalent to the monthly

basic compensation received by an employee, computed pro-rata according to the number

of months within a year that the employee has rendered service to the employer.”

One-twelfth of the employee's annual basic salary calculates the 13th month's pay.

Divide your annual basic pay by 12.

Total Basic Salary Earned for the Year ÷ 12 months = 13th Month Pay

2.7.1.B Overtime Pay

Overtime pay is an additional payment of 25% of a covered employee s hourly

rate for work performed beyond eight hours a day or for overtime work.

Work performed beyond 8 hours on a holiday or rest day shall be paid an

additional compensation equivalent to the rate of the first eight hours on a holiday or rest

day plus at least thirty percent (30%) (Article 87, P.D. 442, Labor Code).

2.7.1.C Holiday Pay

According to Article 94 of Labor Code, every worker shall be paid his regular

daily wage during regular holidays and that the employer may require an employee to

work on any holiday but such employee shall be paid a compensation equivalent to twice

his regular rate.

26
 King Inamnam Co. holiday pay, an employee who works on a regular holiday is

entitled to 200% of their regular daily pay, and an employee who works overtime or more

than 8 hours on holiday is entitled to an additional 30% of their regular hourly wage.

Listed below are all the notable holidays in the Philippines with their dates.

REGULAR HOLIDAYS DATE

New Year’s Day January 1
Araw ng Kagitingan April 9
Maundy Thursday Movable Date
Good Friday Movable Date
Labor Day May 1
Independence Day June 12
National Heroes Day August 28
Bonifacio Day November 30
Christmas Day December 25
Rizal Day December 30

SPECIAL HOLIDAYS DATE

Chinese New Year Movable Date
Eitl Fitr & Eidul Adha Moveable Date
EDSA People Power Revolution February 25
Anniversary
Black Saturday Moveable Date
Ninoy Aquino Day August 21
All Saint’s Day November 1
Addition Special (Non-Working) Day November 2
Feast of Immaculate Concepcion of Mary December 8
Christmas Eve December 24
Additional Special (Non-Working) Day December 26
New Year’s Eve December 31

LOCAL HOLIDAYS DATE

27
 Pampanga Day December 11
Bacolor Day February 10
Table 2.3 Regular, Special, and Local Holidays

2.8. Hiring Policies

Companies follow standards and requirements to help them find qualified

candidates to fill their open positions. They design hiring procedures to specify the

selection process to meet their needs. The purpose of hiring policies is to support a

company's efforts in finding candidates who best fit a position. A company's overall

employee turnover rates can be decreased with the help of hiring policies, which make it

simpler to spot reliable and productive professionals (Indeed, Editorial Team, 2023).

King Inamnam Co. believes that hiring qualified individuals to work for the

company is a huge success. The company must follow a hiring procedure that includes

the proper selection of qualified employees. Orientation and training must be given to

newly hired employees to enhance their skills, knowledge, and abilities.

2.9. Recruitment and Hiring Procedures

King Inamnam Co. believes that finding competent individuals to fill roles is

critical to the company's overall success. All workers who satisfy a company's standards

should be treated fairly during the recruiting process. Additionally, the organization is

committed to offering equitable employment opportunities for all employees and job

28
seekers. In order to hire the most suitable individuals for openings, the following process

should be followed.

Reviewing and Finalizing Job Orders

Verification of Applicant Information

Interview

Evaluation of Applicant (Skill and Knowledge)

Physical and Medical Examination

Character Background

Final Interview and Contract Signing

Job Training and Orientation

Job Operation
Figure 2.2 Recruitment and Hiring Procedures

1. Reviewing and Finalizing Job Orders – Manager shall complete the job orders

and publish job openings on posters, in newspapers, and on social media.

29
2. Verification of Applicant Information – The applicant’s resume shall be

reviewed by the manager and the HR. To ensure the applicant truly satisfies the

requirements for the position, they carefully review resumes, skills, and

experience levels. They also conduct background checks on promising

candidates, looking into potential criminal histories or other serious issues

(Lumen Learning, n.d.).

3. Interview – The selected applicants shall be scheduled for a preliminary

interview and evaluation that will qualify them for the next step.

4. Evaluation of the Applicant (Skill and Knowledge) – The applicant's knowledge

and skills will be assessed to see whether they meet the requirements for the role

or overall qualifications.

5. Physical and Medical Examination – Following the two interviews, candidates

must pass a physical and medical examination, including diagnostic tests, to

demonstrate their physical capacity to carry out the duties of the position they

have applied for.

6. Character Background – Performing a background check verifies or refutes a

person's character and identity by looking into their professional and personal

backgrounds. Depending on the situation and the individual, a background check

might include references, civil records, education and employment history, and

criminal records.

7. Final interview and Contract Signing – The contract will then be signed after the

final interview, which covers compensation, benefits, and other job-related

topics.

30
 8. Job Training and Orientation – The newly hired employees will undergo

Trainings and seminars regarding the production of Turonkit.

9. Job Operation – This is the time when the newly hired staff or employees

officially begin doing the tasks under the job title, they have been trained in.

2.9.1. Recruitment and Hiring Policy

A recruitment and selection policy's primary goal are to ensure a fair and

transparent hiring process enabling HR staff to choose the best applicant based on merit

and suitability for the position. A recruitment and selection policy are a written statement

that enumerates the principles guiding an organization's general recruitment and selection

procedure (Blogger, 2018).

King Inamnam Co. shall hire applicants based on their qualifications. Regulations

about affirmative action and equal employment opportunity must be strictly followed

during the recruitment and hiring process. The job requirements for each position must

also be met.

2.9.2. Recruitment Program

The primary proponents that King Inamnam Co. seeks to hire are individuals from

Pampanga, as they are closer to the working site and will help boost our province's

31
employment rate. However, the company also seeks competitive and productive

personnel. The following requirements must be submitted by applicants.

 Resume

 Two pieces of 2x2 picture with white background

 College Diploma (If applicable)

 Medical Certificates

 Certificate of Good Moral Character (If applicable)

 Certificate of Employment (If applicable)

 SSS number, PhilHealth number, TIN number

 Barangay Clearance

 NBI Clearance

2.9.2.A Social Security System Benefits

According to Republic Act No. 8282 - Social Security Law, SSS, also known as

Social Security System, is a state policy to establish, develop, and promote a sound and

viable tax-exempt social security system appropriate to the needs of the people

throughout the Philippines that shall promote social justice and provide significant

protection to members and their beneficiaries against the risks of disability, sickness,

maternity, retirement, death, funeral, loans, and other contingencies. The State will make

an effort to provide workers and their beneficiaries with social security protection in the

end (Cfc, 2016).

2.9.2.B Pag-IBIG Fund

32
 As amended by Executive Order No.35 and Republic Act No. 7742, Sec.5

“Covered employees and employers shall contribute to the Fund based on the salary

range of the employee”.

2.9.2.C PhilHealth

PhilHealth aims to provide financial assistance to Filipinos for medical expenses.

Members' contributions and funding from local and national governments enable

PhilHealth to operate and aid its contributing members. Effective January 2018 onwards,

monthly premium contributions to PhilHealth will be 2.75% of the employee’s basic

monthly salary and will be shared equally by both employer and employee (Moneymax

Editorial Team, 2021).

2.9.2.D Non-Financial Benefits

Non-financial incentives inspire and engage employees in ways that money

cannot. Non-financial incentives are benefits that are not included in an employee's pay.

Typically, they usually cost the company little or nothing but carry a lot of weight.

2.9.2.E Sick Leave

You may only ask for sick leave if it is essential to miss work due to a personal or

family illness, including pregnancy and recovery, injury, medical appointments, or a legal

quarantine.

2.9.2.F Service Incentive Leave

Service incentive leaves are leave credits given to covered employees who may

want to use them whenever they take a leave from work, allowing them to continue

33
receiving compensation while away from the office. After completing at least 12 months

of service, an employee is eligible for five (5) service incentive leave credits (Del Puerto,

2023).

2.10. Management Policies System and Strategies

Policy management is the creation, communication, and management of all

policies and procedures implemented by an organization. It also serves as the foundation

for enterprise compliance and should be consistent with other factors such as a company's

ethical values and business objectives. Every business has different departments, and

Policy Management ensures that these departments do not create policies that will

undermine others (Supra, 2023). On the other hand, Strategic management is the

management of an organization’s resources to achieve its goals and objectives. Setting

goals, assessing the external and internal environments of the organization, reviewing

strategies, and ensuring that management implements the strategies across the

organization are all part of strategic management (Kenton, 2022).

The best tools for achieving every organization's goals and objectives are its

policies and strategy. With this, King Inamnam Co. believes that when the policy system

and strategy of management are well implemented, the higher the possibility that the

company would provide and offer a good quality product to the consumers.

2.10.1. Health, Safety, and Environment

One of the most important aspects of an organization's operations is Health,

Safety, and Management. It helps to minimize the impact on the environment and

34
improve worker safety and well-being. It also helps to increase employee productivity

and retention, which in turn encourages customer and business growth.

King Inamnam Co. is committed in providing and ensuring the safety and health

of the employees as well as the protection in the working environment. The company will

continuously work for the improvement of health and safety performance. The company

shall provide personnel with proper training in accident prevention and emergency

preparedness, and properly using of machines and equipment. And will ensure that

properly engineered facilities and equipment are maintained for the benefit of the

company.

2.10.2. Entrance of the Property

To prevent potential risks, King Inamnam Co. must secure its privacy by

inspecting those who visit the site and ensuring that only authorized people are allowed

inside the workplace.

2.10.3. Fire Protection

King Inamnam Co. must take all necessary safety precautions and measures to

prevent fires. Making a fire protection plan is beneficial to the business because it

reduces the risk of injury, death, and property damage, which can occur at any time. King

Inamnam Co. must teach and inform its employees on fire extinguisher training, proper

housekeeping techniques, and emergency evacuation planning. Installation of fire

35
protection equipment such as fire sprinklers, portable fire extinguishers, and fire alarms is

the best way to ensure employee and property safety.

2.11. House Rule Policies

King Inamnam Co. shall commit in creating certain rules that are needed to be

followed by the employees to have a stress free and awesome working environment. The

company should emphasize the house rules policy, which includes: cooperation and

discipline, proper dress code, confidentiality, cleaning your workplace, and maintaining

proper hygiene at all times. Proper rule implementation protects employees and makes

them aware of their responsibilities, which leads to business growth.

2.11.1. Housekeeping

King Inamnam Co. must maintain good and proper housekeeping, especially since

we are in the food industry, where cleanliness and orderliness are important. Maintaining

a clean work environment can help prevent many potentially dangerous situations, such

as slip, trip, and fall hazards, fire hazards, and even health hazards caused by insects and

chemicals. Effective housekeeping can eliminate workplace hazards and is crucial to

everyone's safety and health.

2.12. Policies in Production

King Inamnam Co. must carry out the policies outlined below, which must be

strictly followed by the staff in charge of the output production. To meet or exceed

36
quality standards and guarantee that all things produced and delivered to the market are

safe and of consistent quality, it is critical to implement and train employees.

 All employees must log in to the daily time record.

 Cleanliness must be observed at all times.

 All employees must wear proper uniform while working.

 Firms also require their employees to wear aprons, facemasks, gloves, hair caps,

and other personal protective equipment to avoid contamination.

 Check all the machines before and after use.

 All employees must practice proper hygiene.

 Smoking is strictly prohibited.

 Do not wear perfume or nail varnish as these can contaminate products.

Violation to any of the stated policies above shall be subjected to warning or

disciplinary action of the employee.

2.13. Termination of Employment

The phrase "termination of employment" describes the conclusion of an

employee's employment with a company. An employee's work may be terminated at any

time, voluntarily or as the result of an employer's decision. If the employment

relationship with the employer has not been formally terminated with a notice of

termination, an employee who is not actively working due to illness, a leave of absence,

or a furlough is still regarded as employed (Kagan, 2021).

There are two types of termination in the Philippines: Termination by the

Employer where as you can only terminate an employee in the Philippines if you have a

37
just cause or an authorized reason. A just cause can be an employee’s unethical behavior

or negligence. Legal grounds, on the other hand, are the basis for authorized termination;

The second type of employee termination is when the employee decides to resign or

voluntary resignation. According to Article 285 of the Labor Code, employees in the

Philippines can quit their jobs either with or without a just cause. Without a cause, your

employee needs to hand in a letter of resignation with one – month notice. If they do not

submit a notification, you can charge them for any concurrent damages (Termination of

Employment, 2022).

2.13.1. Termination by General Manager

King Inamnam Co. is a company that does not tolerate improper action.

 Violating company policies, rules and regulations.

 Verbal, physical, or sexual abuse.

 Series of irregularities consistent on the tardiness and absences.

 Employee disciplinary action.

 Lack of cooperation and progressive discipline.

 Unauthorized use of company’s property.

 Unauthorized disclosure of the company’s confidential information.

 Failure to perform assigned task.

 Destroying or damaging company property.

 Drug abuse or gambling on company premises.

2.13.2. Employee Resignation

38
 Employee resignation refers to a voluntary resignation from the job. When an

employee decides to quit the company, they often provide "two weeks" notice. There are

numerous causes for employee resignations. Depending on what has happened, it might

be a good thing or a bad thing. It can be advantageous because the organization will now

have the chance to hire individuals with fresh perspectives and ideas. On the other hand,

it can be expensive when people depart. Because it costs money and time to replace staff,

no organization wants a high rate of staff turnover (Kranendonk, 2022).

2.13.3. Retirement from the Service

Service retirement is normal in the service lifecycle. It simply means that you will

no longer offer the service or can’t do the job properly anymore. Maybe it is difficult to

retire for those who may have used to work at that job for a long time since they consider

the people around them as their family as well. Retirement must be due to company rules

or maybe because of the age limit.

According to Republic Act No. 7641 Sec. 1 Art. 287, the employee will have the

right to receive any and all retirement benefits that he may have received under 34

current law, any contractual agreement, and other agreements in the case of retirement;

provided.

However, the employee's retirement benefits under any labor relations and other

agreements shall not be less than those mentioned here. "In the form of a retirement plan

or agreement specifying retirement benefits for employees in the organization, each and

every employee who has worked for the said organization for at least five (5) years and

has reached the age of sixty (60) years or more, but not more than sixty-five (65) years,

39
which is hereby declared the compulsory retirement age, may retire and be entitled to

retirement pay equal to at least one-half (1/2) month salary, may use it."

Conclusion

Organization is made up of various branches that are responsible for managing

procedures, monitoring activities, and implementing plans, short and long-term goals

through the work of individuals assigned to specific responsibilities. On the other hand,

management uses human, financial, and physical resources to achieve organizational

objectives by performing the planning, organizing, leading, and controlling functions.

Organization and management are twin terms that exist side by side with each other, each

one needs and supports the other. The study on organization and management includes a

40
discussion of the overall implementation strategy. The company's vision, mission, and

objectives are included here, as well as the proposed business model and its benefits, the

type of organizational structure and organizational chart, capitalization, a study of the

officers, key employees, and manpower requirements, the employee compensation plan

and benefits, policies and procedures (such as hiring policies, management's policies

system and strategies, house rules policies, and policies in production), and the

termination process.

Its primary objective is to find the best possible strategic operational decisions for

mitigating risks or prospective losses to the firm. It is also a critical component of

corporate strategy because it is a critical plan that must be carefully reviewed and

prioritized because the organization's plan is dependent on the design, approach, and

implementation of various concepts to support the business strategies of the company and

to ensure that the objectives are aligned. This helps in providing and improving existing

plans for operations in order for them to operate better and make the most use of their

resources.

By evaluating and putting into place effective and efficient systems, approaches,

and manpower for the work process, operational strategies help organizations achieve

their goals. Through the use of the following criteria—appropriate quality, appropriate

quantity, and reasonable manufacturing cost—it seeks to achieve its main objective of

ensuring the satisfaction of its end users. The various actions and processes necessary to

transform raw materials into new goods must also be carefully planned and managed.

As with any business, there may be challenging times. King Inamnam Company,

a partnership owned and managed by seven owners, aims to manage the business

41
effectively by following the guidelines that are advised and essential for long-term

success and sustainability. The proponents of this initiative are fully aware of all the

inherent risks, threats, weaknesses, and opportunities. Each process involves trial and

error. Additionally, the company's success will undoubtedly be excellent and well worth

the wait because the owners are very goal-oriented and consistent and will use various

business strategies to help the company grow even more.

CHAPTER 3

Market Study

Market research is the process of collecting, analyzing, and interpreting data to

assist in resolving marketing problems. It uses for a variety of purposes, such as

determining whether it would be feasible to introduce a new product before investing

time and money into the project (Why is Market Research so Important, n.d.). When

creating a marketing strategy, market research is an essential component. When done

properly, it can assist in illustrating the marketing efforts, such as understanding the

42
needs of the target audience and assisting in determining the key messages that should

convey and how to do so.

The significance of a market study is evident. The purpose of this research is to

provide an unbiased third-party opinion on a given project based on the project's

competitive position within a certain market, as well as to determine the demand for the

proposed project within that market. The components of a good market analysis, on the

other hand, are more complex and can vary substantially depending on the proposed

project type.

A specific goal must be determined to be accomplished by the organization over

the long term. The main goal of this study is to determine whether a service or product is

marketable or not. Such factors include things like supply and demand, pricing strategies,

marketing initiatives, and survey results. The inclusion of this chapter will also enable the

study's proponents to pay more attention to and concentrate on the potential target

market.

3.1 Target Market

Target marketing is a marketing strategy that divides a market into segments

before focusing your marketing efforts on one or a few key segments made up of the

customers whose needs and preferences most closely match your product or service

offerings. It could be the secret to bringing in more customers, boosting sales, and turning

your company into a success (Ward, 2022).

43
 This specialized population is a group of people who have similar needs or

characteristics to those to whom the company desires to reach out or promote its final

goods and services. These are the individuals who are most likely to buy your products,

claims (Hubbard, 2019).

King Inamnam Co. target market would be the students of Don Honorio Ventura

State University, Bacolor Campus. DHVSU is a well-known state university here in

Pampanga. The main campus itself has a total of eight (8) Colleges as shown in Table

3.1.

College of Arts and Sciences

College of Business Studies
College of Computing Studies
College of Education
College of Engineering and Architecture
College of Industrial Technology
College of Hospitality Management
College of Social Sciences and Philosophy
Table 3.1 Colleges of Don Honorio Ventura State University – Main Campus

Total Population of Students in Don Honorio Ventura State University – Main Campus

Year Total Number of Students

2018 11,550
2019 14,538
2020 17,079

44
 2021 20,465
2022 26,414
Table 3.2 Total Number of Students Population of DHVSU Main Campus

Table 3.2 shows the total number of students of Don Honorio Ventura State

University from the year 2018-2021 according to the University Registrar (See Appendix

B).

The proponents used the formula for exponential growth to get the population for

the year 2022.

Formula: A=Pert

Where:

A = Final Population

P = Initial Population

e = Euler’s constant (approximately equal to 2.718)

r = Rate of growth (in percentage)

t = Time in years

3.2 Market Survey Analysis

45
 The proponents of the study have decided to conduct a survey (See Appendix A)

from different participants that are currently studying at Don Honorio Ventura State

University (DHVSU), Bacolor Campus through a direct survey. For data reliability, the

percentage from the data gathered is cited as is because the participants who answered the

survey questionnaire were a total of 100 (one hundred) participants.

6% CAS
7% 6%
9% CBS
31% CCS

COE

CEA

19% CIT

8% 14% CHM

CSSP

Figure 3.1 Colleges of the respondents

Figure 3.1 shows that Colleges of Don Honorio Ventura State University - Main

Campus consists of 8 Colleges. The proponents conducted a survey randomly. The

proponents got their respondents from the following colleges: 6% respondents from

College of Arts and Sciences; 31% respondents from College of Business Studies; 14%

respondents from College of Computing Studies; 8% respondents from College of

Education; 19% respondents from College of Engineering and Architecture; 6%

respondents from College of Hospitality Management; 9% respondents from College of

Industrial Technology; and 7% respondents from College of Social Sciences and

46
Philosophy. These percentage are equivalent t0 100% respondents which are conducted

onsite survey.

Question 1: Do you buy Turon?

2%

98%

Yes No

Figure 3.2 The result of survey question number one

Figure 3.2 shows that 98 participants out of 100 or 98% are buying turon while

two participants or 2% answered they don’t buy turon. Therefore, most of the

respondents are consuming turon as part of their snacks and it demonstrates that the

proponents have effectively targeted the market of their proposed product.

47
Question 2: Where do you usually buy Turon

8%

0.38 0.54

Figure 3.3 The

result of Street Vendors Supermarket Market survey

question number two

Figure 3.3 shows that 53 participants out of 98 or 54% normally buy turon in

Street Vendors, 37 participants or 38% answered that they purchase their turon from the

Supermarket, and the other 8 participants or 8% of the respondents usually buy in the

Market. Through this figure, it is noticeable that the main competitor of Turonkit will be

the Street Vendors.

48
Question 3: How much do you usually spend in buying Turon per unit?

10%
0.38

0.52

5 Pesos 10 Pesos 25 Pesos

Figure 3.4 The result of survey question number three

Figure 3.4 shows the range of prices that the customers usually spend for a turon.

Survey says that 51 of the respondents out of 98 or 52% normally purchases turon about

10 pesos; 37 respondents or 38% spend 25 pesos; and 10 respondents or 10% spend only

5 pesos per unit. By this, the company will be able to access how to price their products

and will have a basis for its pricing strategies.

49
Question 4: How often do you usually buy Turon product per unit?

8%
0.32

0.38

0.22

Once a day Once a week Twice a week Once a month

Figure 3.5 The result of survey question number four

Figure 3.5 shows the percentage of the period of time the customers buy turon. 37

respondents out of 98 or 38% of the target market population but turon once a week. The

second with the highest percentage with 31 respondents out of 98 or 32% have answered

that they buy turon once a month. Moreover, 22 respondents out of 98 or 22% buy turon

twice a week and the remaining 8 respondents or 8% have chosen once a day. The survey

indicates that the majority of the respondents buy turon once a week for their merienda.

50
Question 5: Have you ever heard Turon made of sticky rice or “malagkit”?

38%

62%

Figure 3.6 The

result of survey
Yes No
question number five

Figure 3.6 shows that the 38 respondents out of 100 or 38% have already heard

the proposed product which they have already knowledge about it. While 62 respondents

out of 100 or 62% did not even heard about the product. Therefore, the company will

have a chance to introduce the proposed product to the target market.

1%
Question 6: Are

you willing

99%

51

Yes No
to but “Turonkit” – a sticky rice wrapped in lumpia wrapper with add-ons of langka and

ube?

Figure 3.7 The result of survey question number six

Figure 3.7 shows that out of 100 respondents surveyed, there are 99 respondents

or 99% answered that they are willing to buy the Turonkit. While 1 respondent or 1%

answered that she/he not willing to buy the product. Therefore, the survey explains that

99% of the target market of the proponents is willing to buy the proposed product.

52
3.3 Demand and Supply Analysis

3.3.1 Demand Analysis

Colleges 2018 2019 2020 2021 2022

College of Arts and Sciences 782 127 272 430 371
College of Business Studies 1900 2473 3330 4499 5581
College of Computing Studies 1143 1574 1836 2086 2425
College of Education 2017 1959 1901 2428 2544
College of Engineering and 4241 5109 5523 5837 6321
Architecture
College of Industrial Technology 823 1327 1707 1892 2330
College of Hospitality 29 1062 1359 1762 4919
Management
College of Social Sciences and 615 907 1151 1531 1923
Philosophy
TOTAL 11,550 14,538 17,079 20,465 26,414
Table 3.3 Students Population of DHVSU Main Campus

Table 3.3 shows the historical number of student’s population of DHVSU Main

Campus. In 2018, there are 11,550 students; 14,538 from 2019; 17,079 from 2020;

20,465 from 2021; and 26,414 from 2022.

Growth Rate

Present Year 430

= =0.5499
Past Year 782

ln(r ) ln(0.5499)
= = -0.1495 growthrate
t 4

Note: 2021 statistics and 2018 statistics per colleges are the year that proponent

chose to get growth rate per colleges.

53
 3.3.1.A Computation for Monthly Consumption Rate

Formula: Number of Participants x Number of Frequency = MCR

Consumption Basis Number of Number of MCR

Participants Frequency
Once a day 8 30 240
Once a week 37 4 148
Twice a week 22 8 176
Once a month 31 1 31
Total 98 595
Table 3.4 Computation for monthly consumption rate

Table 3.4 shows the computation for monthly consumption rate

Average Consumption Rate

Formula: Total MCR / Total Participants

Average Consumption rate = 595 / 98

Average Consumption = 6.07 or 7 times a month of purchasing turon

Year 2018 2019 2020 2021 2022

Target no. of 11550 14538 17079 20465 26414
people
Target market 0.99 0.99 0.99 0.99 0.99
percentage
Projected target 11435 14393 16909 20261 26150
market
Average 7 7 7 7 7
consumption
Demand per 80045 100751 118363 141827 183050
month
No. of months in a 12 12 12 12 12
year
Annual demand 960,540 1,209,012 1,420,356 1,701,924 2,196,600
3.3.1.B Computation for Historical Demand

54
 Table 3.5 Computation for historical demand

Table 3.5 shows the computation of the historical demand. By multiplying the

target number of people to the target market percentage, the projected target market is

obtained. Demand per month is also obtained by multiplying the projected target market

to average consumption. While in getting annual demand, demand per month is

multiplied by the number of months in a year.

Formula used:

Projected Target Market = Target no. of people x Target market percentage

Demand per month = Projected target market x Average monthly consumption

Annual Demand = Demand per month x 12

3.3.1.C Methods for computing Projected Demand

3.3.1.C.a Arithmetic Straight-line Method

Year Actual Values (x)

2018 960,540
2019 1,209,012
2020 1,420,356
2021 1,701,924
2022 2,196,600
7,488,432
Table 3.6 Historical demand in Arithmetic Straight-line Method

Table 3.6 shows the historical demand in Arithmetic Straight-line method from

2018 to 2022.

Formula:

55
 Actual Demand last year − Actual Demand first year
Projected Demand= + Actual
Number of years

Demand last year

Actual Demand Last year = 2,196,600

Actual Demand First year = 960,540

Number of years = 5

2,196,600−960,540
Projected Demand= +2,196,600
5

= 2,443,812

Therefore, 2,443,812 will be the starting demand for 2023.

Projected Years Projected Demand

2023 2,443,812
2024 2,690,772
2025 2,944,856
2026 3,193,443
2027 3,392,812
14,665,695
Table 3.7 Projected Demand of Arithmetic Straight-line method

Table 3.7 shows the projected demand of arithmetic straight-line methods from

2023 to 2027. Projected demand is obtained per year by adding the last year to projected

demand obtained from the historical demand. For the year 2023, the projected demand is

2,443,812; 2,690,772 for 2024; 2,944,856 for 2025; 3,193,443 for 2026, and 3,392,812

for 2027.

56
 3.3.1.C.b Statistical semi log Method

Year Historical Log y (x) (x2) x log y

demand (y)
2018 960,540 5.98 -2 4 -11.96
2019 1,209,012 6.08 -1 1 -6.08
2020 1,420,356 6.15 0 0 0
2021 1,701,924 6.23 1 1 6.23
2022 2,196,600 6.34 2 4 12.68
7,488,432 30.78 10 0.87
Table 3.8 Historical demand in Statistical semi log method

Table 3.8 The table shows historical demand in statistical semi log. To obtain log

y, use the log in the calculator and multiply it to the historical demand per year. For x log

y multiply the value of Log y and x to obtain the values.

The formula for getting projected demand in the statistical semi log method:

Yc = Anti-log (log Yc)

Yc = Anti-log (Log a + Log b(x))

Where:
Log Yc = Log a + Log b(x)

log a=
∑ log y
n
30.78
log a=
5

57
 Log a = 6.156

log b=
∑ x log y
∑ x2
0.87
log b=
10

Log b = 0.087
Therefore, to get projected demand,

Formula:

Yc = Anti-log (Log a + Log b(x))

= Anti-log (6.156 + 0.087(3))

= 2,612,162

Year Projected Demand (y) Log y (x)

2023 2,612,162 6.42 3
2024 3,191,538 6.50 4
2025 3,899,420 6.59 5
2026 4,764,310 6.68 6
2027 5,821,033 6.77 7
20,288,463
Table 3.9 Projected demand in Statistical semi log method

Table 3.9 shows the projected demand in statistical semi log method. For the year

2023, the projected demand is 2,612,162; 3,191,538 for 2024; 3,899,420 for 2025;

4,764,310 for 2026, and 5,821,033 for the year 2027.

58
 3.3.1.C.c Parabolic Projection Method

Year Historical (x) (x2) (x4) (xy) (x2y)

Demand (y)
2018 960,540 -2 4 16 -1,921,080 3,842,160
2019 1,209,012 -1 1 1 -1,209,012 1,209,012
2020 1,420,356 0 0 0 0 0
2021 1,701,924 1 1 1 1,701,924 1,701,924
2022 2,196,600 2 4 16 4,393,200 8,786,400
7,488,432 10 34 2,965,032 15,539,496
Table 3.10 Historical demand in Parabolic method

Table 3.10 shows the historical demand in parabolic method. In obtaining the

value for xy, historical demand from the corresponding year is multiplied by the value of

x. While for x2y, the historical demand from the corresponding year is multiplied by the

value in x2.

Formula in getting the projected demand using the parabolic projection method.

Yc = a + bx + cx2

Where:

a=∑ x ¿ ¿ ¿
4

59
 34 ( 7,488,432 )−10(15,539,496)
a= 2
5 ( 34 ) −(10)

a = 1,417,311

b=
∑ xy
∑ x2
2,965,032
b=
10

b = 296,504

c=n¿ ¿

5 ( 15,539,496 )−10 (7,488,432)

c=
5 ( 34 )−(10)2

c = 40,188

Therefore, to get the projected demand,

Formula:

Yc = a + bx+ cx2

= 1,417,311 + 296,504(3) + 40,188(3)2

= 2,668,515

Year Projected demand (x)

(y)
2023 2,668,515 3
2024 3,246,335 4
2025 3,904,531 5
2026 4,643,103 6
2027 5,462,051 7
19,924,535
Table 3.11 Projected demand in Parabolic Projection method

60
 Table 3.11 shows the projected demand in parabolic projection method. For the

year 2023, the projected demand is 2,668,515; 3,246,335 for 2024; 3,904,531 for 2025;

4,643,103 for 2026, and 5,462,051 for the year 2027.

3.3.1.D Standard Deviation (demand)

3.3.1.D.a Arithmetic Straight-line method

Projected years Projected demand (x) (x2)

2023 2,443,812 5.97222E+12
2024 2,690,772 7.24025E+12
2025 2,944,856 8.67218E+12
2026 3,193,443 1.01981E+13
2027 3,392,812 1.15112E+13
14,665,695 4.35939E+13
Table 3.12 Arithmetic Straight-line method and the Standard Deviation

Table 3.12 shows the required data for the computation of the standard deviation

in arithmetic straight-line method.

Formula:

√
n ( x )−( ∑ x)
2 2

Standard Deviation=
n( n−1)

Standard Deviation=
√
5 ( 4.35939E+13 )−(14,665,695)2
5(5−1)

61
 Standard Deviation = 379,926.98

3.3.1.D.b Statistical semi log method

Year Projected Log y (x) SD (x2)

demand (y)
2023 2,612,162 6.42 3 6.82339E+12
2024 3,191,538 6.50 4 1.01859E+13
2025 3,899,420 6.59 5 1.52055E+13
2026 4,764,310 6.68 6 2.26986E+13
2027 5,821,033 6.77 7 3.38844E+13
20,288,463 8.87978E+13
Table 3.13 Statistical semi log method and the Standard Deviation

Table 3.13 shows the required data for the computation of the standard deviation

in statistical semi log method.

Formula:

√
n ( x 2 )−( ∑ x)
2

Standard Deviation=
n( n−1)

Standard Deviation=
√
5 ( 8.87978E+13 )−(20,288,463)2
5(5−1)

62
 Standard Deviation = 1,272,149.15

3.3.1.D.c Parabolic Projection method

Year Projected demand (x) (x2)

(y)
2023 2,668,515 3 7.12097E+12
2024 3,246,335 4 1.05387E+13
2025 3,904,531 5 1.52454E+13
2026 4,643,103 6 2.15584E+13
2027 5,462,051 7 2.98340E+13
19,924,535 8.42975E+13
Table 3.14 Parabolic projection method and the Standard Deviation

Table 3.14 shows the required data for the computation of the standard deviation

in parabolic projection method.

Formula:

√ n ( x 2 )− ( ∑ x )
2

Standard Deviation=
n ( n−1 )

63
 Standard Deviation=
√ 5 ( 8.42975E+13 )−(19,924,535)2
5(5−1)

Standard Deviation = 1,106,806.33

3.3.1.E Computation for Historical Supply

Daily Number of Number of

Competitors Supply (per Days in a months in a Total
piece) month year
Cell Turon and 300 30 12 108,000
Buko Store
Onyok Bukohan 100 30 12 36,000
Minatamis 250 30 12 90,000
Total 234,000
Table 3.15 Annual supply of competitors for the year 2018

Daily Number of Number of

Competitors Supply (per Days in a months in a Total
piece) month year
Cell Turon and 400 30 12 144,000
Buko Store
Onyok Bukohan 80 30 12 28,800

64
 Minatamis 200 30 12 72,000
Total 244,800
Table 3.16 Annual supply of competitors for the year 2019

Daily Number of Number of

Competitors Supply (per Days in a months in a Total
piece) month year
Cell Turon and 200 30 12 72,000
Buko Store
Onyok Bukohan 80 30 12 28,800
Minatamis 100 30 12 36,000
Total 136,800
Table 3.17 Annual supply of competitors for the year 2020

Daily Number of Number of

Competitors Supply (per Days in a months in a Total
piece) month year
Cell Turon and 300 30 12 108,000
Buko Store
Onyok Bukohan 60 30 12 21,600
Minatamis 100 30 12 36,000
Total 165,600
Table 3.18 Annual supply of competitors for the year 2021

Daily Number of Number of

Competitors Supply (per Days in a months in a Total
piece) month year
Cell Turon and 450 30 12 162,000
Buko Store
Onyok Bukohan 150 30 12 54,000
Minatamis 320 30 12 115,200

65
 Total 331,200
Table 3.19 Annual supply of competitors for the year 2022

Competitors 2018 2019 2020 2021 2022

Cell Turon and 108,000 144,000 72,000 108,000 162,000
Buko Store
Onyok Bukohan 36,000 28,800 28,800 21,600 54,000
Minatamis 90,000 72,000 36,000 36,000 115,200
Total 234,000 244,800 136,800 165,600 331,200
Table 3.20 Total Annual Supply of competitors from the year 2018 to 2022

Table 3.20 shows the historical annual supply of King Inamnam’s competitors.

Historical data from the year 2018 to 2022 are obtained by recording the present supply

the target market has, then the growth rate of 6.95% is subtracted.

3.3.1.F Methods of computing Projected supply

3.3.1.F.a Arithmetic Straight-line method

Year Historical Supply

2018 234,000
2019 244,800
2020 136,800
2021 165,600
2022 331,200
1,112,400
Table 3.21 Historical supply in Arithmetic Straight-line method

Table 3.21 shows the historical supply in arithmetic straight-line method from

2018 to 2022.

Formula:

66
 Actual Supplylast year − Actual Supply first year
Projected Supply = + Actual Supply last
Number of years

year

Actual Supply last year = 331,200

Actual Supply first year = 234,000

Number of years = 5

331,200−234,000
Projected Supply= +331,200
5

= 350,640

Therefore, 350,640 will be the projected supply for the year 2023.

Projected years Projected Supply

2023 350,640
2024 371,808
2025 418,810
2026 469,452
2027 497,103
2,107,813
Table 3.22 Projected supply in Arithmetic Straight-line method

Table 3.22 shows the projected supply in arithmetic straight-line method. To

obtain the projected supply each year, a projected increase is added. For the year 2023,

the projected supply is 350,640, followed by 371,808 for the year 2024; 418,810 for

2025; 469,452 for 2026; and 497,103 projected supply for the year 2027.

67
 3.3.1.F.b Statistical semi log method

Year Historical Log y (x) (x2) x log y

supply (y)
2018 234,000 5.37 -2 4 -10.74
2019 244,800 5.39 -1 1 -5.39
2020 136,800 5.14 0 0 0
2021 165,600 5.22 1 1 5.22
2022 331,200 5.52 2 4 11.04
1,112,400 26.64 10 0.13
Table 3.23 Historical Supply in Statistical semi log method

Table 3.23 shows the historical supply in the statistical semi-log method. To

obtain log y, use the log function in the calculator and multiply it to the historical supply

per year. For X log Y, multiply the value of log y and x to obtain the values.

Formula in getting projected supply in statistical semi log method.

Yc = Anti-log (log Yc)

Yc = Anti-log (Log a + Log b(x))

Where:
Log Yc = Log a + Log b(x)

log a=
∑ log y
n
26.64
log a=
5
Log a = 5.328

log b=
∑ x log y
∑ x2

68
 0.13
log b=
10

Log b = 0.013
Therefore, to get projected supply,

Formula:

Yc = Anti-log (Log a + Log b(x))

= Anti-log (5.328 + 0.013(3))

= 232,810

Year Projected Log y (x)

Supply (y)
2023 232,810 5.37 3
2024 239,884 5.38 4
2025 247,173 5.39 5
2026 254,684 5.41 6
2027 262,422 5.42 7
1,236,973
Table 3.24 Projected supply in Statistical semi log method

69
 Table 3.24 shows the projected supply in the statistical semi log method. For the

year 2023, the projected supply is 232,810; 239,884 for 2024; 247,173 for 2025; 254,684

for 2026; and 262,422 for the year 2027.

3.3.1.F.c Parabolic Projection method

Year Historical (x) (x2) (x4) (xy) (x2y)

supply (y)
2018 234,000 -2 4 16 -468,000 936,000
2019 244,800 -1 1 1 -244,800 244,800
2020 136,800 0 0 0 0 0
2021 165,600 1 1 1 165,600 165,600
2022 331,200 2 4 16 662,400 1,324,800
1,112,400 10 34 115,200 2,671,200
Table 3.25 Historical supply in Parabolic Projection method

Table 3.25 shows the historical supply in parabolic method. In obtaining the value

for xy, historical supply from the corresponding year is multiplied by the value of x.

While for x2y, the historical supply from the corresponding year is multiplied by the

value in x2.

Formula in getting the projected supply using the parabolic projection method.

Yc = a + bx + cx2

Where:

a=∑ x 4 ¿ ¿ ¿

70
 34 ( 1,112,400 )−10(2,671,200)
a= 2
5 ( 34 ) −(10)

a = 158,709

b=
∑ xy
∑ x2
115,200
b=
10

b = 11,520

c=n¿ ¿

5 ( 2,671,200 )−10 (1,112,400)

c=
5 ( 34 )−(10)2

c = 31,886

Therefore, to get the projected supply,

Formula:

Yc = a + bx+ cx2

= 158,709 + 11,520(3) + 31,886(3)2

= 480,243

Year Projected supply (y) (x)

2023 480,243 3
2024 714,965 4
2025 1,013,459 5
2026 1,375,725 6

71
 2027 1,801,763 7
5,386,155
Table 3.26 Projected supply in Parabolic projection method

Table 3.26 shows the projected supply in parabolic projection method. For the

year 2023, the projected supply is 480,243; followed by 714,965 for the year 2024;

1,013,459 for 2025; 1,375,725 for 2026; and 1,801,763 for the year 2027.

3.3.1.G Standard Deviation (supply)

3.3.1.G.a Arithmetic Straight-line method

Projected years Projected supply (x) (x2)

2023 350,640 1.22948E+11
2024 371,808 1.38241E+11
2025 418,810 1.75402E+11
2026 469,452 2.20385E+11
2027 497,103 2.47111E+11
2,107,813 9.04088E+11
Table 3.27 Arithmetic Straight-line method and the Standard Deviation

Table 3.27 shows the required data for the computation of the standard deviation

in arithmetic straight-line method.

Formula:

√ n ( x 2 )− ( ∑ x )
2

Standard Deviation=
n ( n−1 )

√
2
5 ( 9.04088E+11 )−( 2,107,813 )
Standard Deviation=
5 ( 5−1 )

Standard Deviation = 62,275.34

72
 3.3.1.G.b Statistical semi log method

Year Projected Log y (x) SD (x2)

supply (y)
2023 232,810 5.37 3 5.42005E+10
2024 239,884 5.38 4 5.75443E+10
2025 247,173 5.39 5 6.10945E+10
2026 254,684 5.41 6 6.48639E+10
2027 262,422 5.42 7 6.88653E+10
1,236,973 3.06569E+11
Table 3.28 Statistical semi log method and the Standard Deviation

Table 3.28 shows the required data for the computation of the standard deviation

in statistical semi log method.

Formula:

√ n ( x )− ( ∑ x )
2 2

Standard Deviation=
n ( n−1 )

√
2
5 ( 3.06569E+11 )−( 1,236,973 )
Standard Deviation=
5 ( 5−1 )

Standard Deviation = 11,710.67

3.3.1.G.c Parabolic Projection method

Year Projected supply (x) SD (x2)

(y)

73
 2023 480,243 3 2.30633E+11
2024 714,965 4 5.11175E+11
2025 1,013,459 5 1.02710E+12
2026 1,375,725 6 1.89262E+12
2027 1,801,763 7 3.24635E+12
5,386,155 6.90788E+12
Table 3.29 Parabolic projection method and the Standard Deviation

Table 3.29 shows the required data for the computation of the standard deviation

in parabolic projection method.

Formula:

√ n ( x )− ( ∑ x )
2 2

Standard Deviation=
n ( n−1 )

√
2
5 ( 6.90788E+12 ) −( 5,386,155 )
Standard Deviation=
5 ( 5−1 )

Standard Deviation = 525,772.49

3.3.1.H Demand and Supply Gap Analysis

Historical Demand Supply Margin of GAP %

74
 Error (5%) Unsatisfied
2018 960,540 234,000 36,327 690,213 0.72
2019 1,209,012 244,800 48,211 961,001 0.79
2020 1,420,356 136,800 64,178 1,219,378 0.86
2021 1,701,924 165,600 76,816 1,459,508 0.86
2022 2,196,600 331,200 93,270 1,772,130 0.81
Table 3.30 Historical demand and supply gap analysis

Table 3.30 shows the historical demand and supply gap analysis of the target

market. The margin of error is gained by getting the 5% of the difference of historical

demand and historical supply. The gap is obtained by subtracting the margin of error

from the difference of demand and supply. To get the unsatisfied percentage of the target

market, the gap is divided by the demand. For the year 2018, the demand and supply gap

are 690,213 with an unsatisfied percentage of 0.72; 961,001 for the year 2019 with

unsatisfied percentage of 0.79; 1,219,378 for the year 2020 with unsatisfied percentage of

0.86; 1,459,508 for the year 2021 with unsatisfied percentage of 0.86; and 1,772,130 for

the year 2022 with unsatisfied percentage of 0.81.

3.3.1.I Projected Demand and Supply Gap Analysis

75
 Projected Demand Supply Margin of GAP %
Error (5%) Unsatisfied
2023 2,443,812 232,810 110,550 2,100,452 0.86
2024 2,690,772 239,884 122,544 2,328,344 0.87
2025 2,944,856 247,173 134,884 2,562,799 0.87
2026 3,193,443 254,684 146,938 2,791,821 0.87
2027 3,392,812 262,422 156,520 2,973,870 0.88
Table 3.31 Projected demand and supply gap analysis

Table 3.31 shows the projected demand and supply gap analysis of the target

market. The margin of error is gained by getting the 5% of the difference of historical

demand and historical supply. The gap is obtained by subtracting the margin of error

from the difference of demand and supply. To get the unsatisfied percentage of the target

market, the gap is divided by the demand.

3.3.1.J Competitors Market Share

Competitors Annual Supply Total Supply Market Share

Cell Turon and 162,000 331,200 0.49
Buko Store
Onyok Bukohan 54,000 331,200 0.16
Minatamis 115,200 331,200 0.35
Table 3.32 Competitors market share

To obtain the total market share percentage of the competitors annual supply is

divided by the competitor’s total supply. With this, Cell Turon and Buko Store appeared

to have the highest percentage of market share, as shown in Table 3.32, among the

competitors of Turon.

3.3.1.K Volume of Production

76
 Year D/S Gap Market Volume of Daily volume of
Share production production
2023 2,100,452 3% 63,014 240
Table 3.33 Volume of Production

Table 3.33 shows the volume of production. To obtain the volume of production

demand and supply gap from last year is multiplied by the market share. Market share is

based on the competitor who has the lowest market share. Daily Volume of production is

divided by 300 (days in a year).

Previous year Increase Increase of Total volume of

Projected year volume of % production proposed
production production
2023 63,014 5 3,150.70 66,165
2024 66,165 5 3,308.25 69,474
2025 69,474 5 3,473.70 72,948
2026 72,948 5 3,647.40 76,596
2027 76,596 5 3,829.80 80,426
Table 3.34 Projected production from 2023 to 2027

Table 3.34 shows the projected production of King Inamnam from 2023 to 2027.

Year Projected supply Volume of production Total supply

2023 232,810 66,165 298,975
2024 239,884 69,474 309,358
2025 247,173 72,948 320,121
2026 254,684 76,596 331,280
2027 262,422 80,426 342,848
Table 3.35 Projected supply from 2023 to 2027

Table 3.35 shows the projected supply of King Inamnam from 2023 to 2027

3.4 Marketing Program and System

77
 A company's marketing plan specifies the various advertising strategies it will use

to increase sales in order to increase both revenue and profit for King Inamnam Co. A

well-planned series of actions that are coordinated to achieve marketing objectives is

referred to as a marketing program.

A marketing program is a collection of actions that are carefully planned and

coordinated to accomplish marketing goals. Strategic sales goals known as marketing

objectives are centered on various product features that play to the product's advantages.

Companies use a variety of marketing, pricing, and reward programs to foster strong

customer relationships and boost sales (Marketing Programs - Meaning & Definition,

2021). Interest in the products or services that your company offers should be raised

through marketing. This is made possible by doing market research and knowing the

interests of your potential customers.

Social media can help a business connect with customers and find out what the

general public thinks of it. In addition to advertising and giveaways, social media can be

used for mobile applications. With the aid of social media, you can expand your target

market, including global markets, conduct market research, lower marketing costs,

increase revenue by building customer networks and running advertisements, develop

brand awareness, and do a lot more (McLachlan, 2023).

Since those who have positive opinions about your product or service have little

to gain from it other than spreading the word, word-of-mouth marketing is cost-free,

organic, and incredibly powerful. An endorsement from a friend, coworker, or family

member has inherent credibility and can generate thousands of leads who are eager to

form a favorable opinion of the company. To improve website advertising, paid

78
advertisements for online ads will also be taken into consideration with the aid of paid

media tools.

3.5 Pricing Strategies

King Inamnam's Co. pricing strategy aims to develop and increase sales through

competition by consistently delivering customer satisfaction. As a result, the company

will set its sights on creating a product that is both affordable and of high quality.

The pricing strategy used by the proponents' will be cost-based pricing, which

involves determining prices by evaluating the quality of the products and then including a

percentage markup. The simplest way to determine how much a product might cost is

through cost-based pricing.

MARKUP FINAL
COST
% PRICE

Figure 3.8 Pricing Strategy of King Inamnam Co.

3.6 Channel of Distribution

79
 Distribution channels are a crucial part of every marketing strategy that

concentrates on the product. It is the company's chosen path or route for delivering its

goods or services to customers. In order to increase revenue and brand recognition, they

help businesses connect with customers in effective ways. A direct interaction between

the business and the customer can be the shortest possible route, or the route can involve

a number of connected intermediaries, such as wholesalers, distributors, retailers, etc.

(Pahwa, 2023).

King Inamnam Company will adopt the direct distribution wherein it doesn’t

involve the inclusion of an intermediary and the manufacture gets in direct contact with

the customers at point of sale.

Figure 3.9 Direct-to-consumer distribution

3.7 Marketing

80
 Marketing is crucial to any business, no matter how big or small, independent or

corporate, producing food. Food marketing techniques that can be used to boost sales

include customer relationship building, brand image enhancement, the development of

new products, advertising campaigns, and even paying retailers for prominent shelf

space.

Turonkit is basically turon inspired product but with an exciting twist. As we all

know the one of the businesses to venture into nowadays when it comes to food are the

‘malagkit’ or sticky rice. Thus, we incorporated the well-known malagkit of every

Filipinos to our product. With every purchase of Turonkit, the consumer will take pride in

patronizing two of the best delicacies of the Philippines’ which are turon and malagkit.

3.8 Branding

Figure 3.10 Brand Name of the Company

King Inamnam Co. has developed a brand name that can be easily identified and

remembered by its target market. Therefore, the company chose “Turonkit” as its brand

name. The name of the company is used to convey to the client the type of product that

the company produces.

81
 Logo plays a vital role to business because it contributes to the identity of the

company and its products. Hence, our logo shows our product which is “Turonkit” with a

font of Yellowtail is an old school flavored flat brush script typeface of medium weight.

The Yellowtail script font lends an earthy appeal to designs. It is legible even at smaller

sizes and has a very unique look (H. Jocelyn, 2020).

The gold circle outside the logo shows the confidence of our company in

producing quality products. (Chaffey, 2022). The color brown that is used inside the

circle shows stability and as we all known, brown stimulates natural, wholesome and

organic. (Storey, 2023).

Our product is being shown at the center of the logo which is the "turon" that is

made up of sweetened sticky rice. Our tagline is also shown at the logo which states "A

Filipino Snacking Experience" with a font of Abhaya Libre is quite a dramatic effect

when applied in header due to great readability and large bodied (Team Dg, 2022). Our

product is a Filipino dessert that is perfect for that sweet taste buds of the consumers.

One of the most crucial aspects of a business is its brand. The brand name is

determined to be the product. To attract and keep devoted customers, the brand wants to

establish a significant and distinctive presence in the market. To boost customer

satisfaction and interest in purchasing the products, it contends that building a strong

brand is essential.

82
3.9 Labelling and Packaging

By presenting it well in our packaging, it will be more appealing to customers and

can set the tone for the product. King Inamnam Co. decided that the product shall be

primarily packed in a paper box with the brand's logo. The box's color is brown, usually

perceived as neutral and natural. Because of this, brown is thought to evoke feelings of

warmth and earthiness. King Inamnam Co. has two kinds of packaging wherein it

depends on how many customers will buy.

For bundle order, the size of the packaging is 5 inch in width, 6.75 inch in length,

and 1.5 inch in height. For single order, the size of the packaging is 2 inch in width, 6

inch in length, and 2.5 inch in height.

Figure 3.11.1 Packaging for Single Order

Figure 3.11.2 Packaging for Bundle Order

83
 CHAPTER 4

Technical Study

A technical study in feasibility determines if your business has the necessary

technical resources and competence to complete the project. A technical study evaluates

whether your company has the essential capabilities needed to execute a project, such as

production capacity, facility requirements, raw materials, supply chain, and other inputs.

Other elements, such as regulatory compliance requirements or standards for your

products or services, should be considered in addition to these production inputs.

Furthermore, the technical study displays the company's actual product, as well as the

product's process and the company's production plan generated from the time and motion

research. The proposed plant layout and floor diagram will also exhibit in this section.

4.1 Product

4.1.1 Specifications

Weight: 15grams

Length: 8.89 centimeters

Width: 2.54 centimeter

Color: Brown

Base material/s: Malagkit rice or sticky rice, ube halaya, langka, and lumpia

wrapper

84
 Figure 4.1 Actual Product

Figure 4.1 shows the actual product of Turonkit

4.2 Raw Materials and Suppliers

This section displays the raw materials needed in producing Turonkit, together

with its description. Part of this is the list of the prospective suppliers of the materials.

4.2.1 List of Raw Materials

RAW MATERIALS DESCRIPTION

Spring roll wrappers are known as

Lumpia Wrapper lumpia wrappers in the Philippines.

Both are thin, delicate, and sturdy

enough to hold different fillings. It

gives crispness and crunchiness. With

every bite, you can taste the crunchy

85
 and delicious Turonkit.

Sticky or Glutinous rice Sticky rice, also known as sweet rice

and glutinous rice, is common

throughout Asia. When cooked, this

round-grained rice has a sticky, glue-

like texture. The sticky rice gives

balance taste for people who don’t like

too much sweetness.

Condensed milk is a highly shelf-stable

milk product created by draining much

Condensed milk of the water from milk to make a thick,

syrupy liquid and then adding sugar to

it before canning it in a sterilized can.

The condensed milk contains vitamin

D, vitamin B12, vitamin A, phosphorus,

and protein. These nutrients are

essential for a healthy cardiovascular

system, strong bones and teeth, and a

strong immune system.

86
 Ube Ube is a purple yam that is famous in
traditional Filipino desserts due to its
glistening purple core, mild, sweet
flavor, and coconut-like scent. Ube is
very delicious root crop and use to
make delicacies like our product which
is the Turonkit.

Jackfruit The unripe jackfruit is usually cooked

in coconut milk and eaten with rice. It

gives sweetness and delicious taste that

is popular with the Filipinos. This will

add a sweetness to the product.

The oil is one of the ingredients that

must be used to cook the turonkit and it

Cooking Oil
should only be on low heat so that it

can be cooked properly in the pan. it is

made of several vegetables and some

animal tissues or from synthetic

compounds used when frying, baking,

and preparing a portion of food. A lot

of cooking oil will be used to cook

Turonkit because it needs to be deep

fried.

Table 4.1 List of Raw Materials

87
Table 4.1 shows the list of raw materials that are used to produce Turonkit.

4.2.2 List of Suppliers of Raw Materials

Table 4.2 shows the list of suppliers of raw materials of King Inamnam Co. with

their addresses and their contact number.

RAW SUPPLIER(S) ADDRESS CONTACT

MATERIALS
Lumpia wrapper AA Grocery and V. Tiomico Street, Tel No.
AA Savers Mart Brgy. Sto. Rosario 0945-961-5601
(POB)
San Fernando
Sticky or glutinous AA Grocery and V. Tiomico Street, Tel No.
Rice AA Savers Mart Brgy. Sto. Rosario 0945-961-5601
(POB)
San Fernando
Condensed milk AA Grocery and V. Tiomico Street, Tel No.
AA Savers Mart Brgy. Sto. Rosario 0945-961-5601
(POB)
San Fernando
Ube Guagua Public Cardinal Santos Tel No.
Market Ave, Guagua, 0917-131-8000
Pampanga Tel No.
0966-330-8234
Jackfruit Guagua Public Cardinal Santos Tel No.
Market Ave, Guagua, 0917-131-8000
Pampanga Tel No.
0966-330-8234
Oil AA Grocery and V. Tiomico Street, Tel No.
AA Savers Mart Brgy. Sto. Rosario 0945-961-5601

88
 (POB)
San Fernando
Table 4.2 List of Suppliers of Raw Materials

4.2.3 List of Materials

Table 4.3 shows the list of materials to be used to produce Turonkit and mostly for

its packaging.

MATERIALS DESCRIPTION
Takoyaki Box This box is used when one or two
products is brought. This paper tray is the
perfect way to serve up delicious
Turonkit. It has measurement of 6.25 x
1.625 x 1.625 inches.

Food box This box is used when there is a bulk

order, and it is easily to carry. It has a
measurement of 5 x 6.75 x 1.5 inches,
and its transparency in packaging can be
taken literally or figuratively.

Table 4.3 List of Materials

89
 4.2.4 List of Suppliers of Materials

Table 4.4 shows the list of suppliers of materials of King Inamnam Co. with their

addresses and their contact numbers.

MATERIALS SUPPLIER(S) ADDRESS CONTACT

Takoyaki box Jenjen Store Public Market, Sta.Ana 09989087762
Pampanga
Food box Garbes Dizon DOLORES, San (045) 961 2056
Supermarket Fernando, 2000
Pampanga
Table 4.4 List of Suppliers of Materials

4.2.5 Product Structure Tree

The product structure tree of Turonkit making is shown below:

Level 0

Level 1

Level 2

Level 3

Figure 4.2 Product Structure tree of Turonkit

4.3 Production Tools and Equipment

In this section, all of the necessary tools and equipment for the production are

listed below, along with their uses.

TOOLS AND EQUIPMENT DESCRIPTION

90
 Turon Making Machine

This machine can produce a lumpia

wrapper and instead of banana, the

wrapper is wrapped with sticky rice, ube

and langka. Large production capacity,

high work efficiency, is a good helper

for industrial production.

Components of Turon Machine

 Storage tank: This is where the
mixed batter is loaded into the
machine.
 Wrapper dispenser: The machine
dispenses a thin lumpia wrapper
onto the rolling conveyor.
 Filling hopper: There are three
filling hoppers, where the mixed
of sticky rice, ube and langka is
loaded; and can be accurately
cut.
 Rolling: Roll the thin wrapper
which wrapped filling and rolled
into a banana lumpia shape.
 Control panel: This panel allows
the operator to control the
various functions of the machine,
such as the conveyor speed,

91
 filling time and the size of the
turons.
 Motor: The motor provides the
power to drive the various
components of the turon
machine.
 Frame: The frame provides the
structural support for the
machine and houses the various
components.
Details:
Dimension(L*W*H): 9m*1.5m*2.4m
Voltage: 380V/50HZ
Total motor power: 10KW
Wheel diameter:1400mm
Weight: 2500Kg
Brand Name: GELGOOG
Capacity: 3000-5000 pcs/h
Standing Gas Deep Fryer
This equipment is needed for frying the
turonkit. Enough space and heat for
cooking.

Specifications:
Power Type: Gas
Gaspressure:2800 20V,50HZ,240.4MJ/h
Capacity: 46Lx1
Temperature: 60-200°CNet
Weight: 48kg
Material: Stainless
Steel Dimensions:

92
 450mm×700mm×980mm
Big Kaldero Boiler
The Kaldero will be used for cooking
the malagkit rice.

Specifications:
Brand: Eagle
Size: 15.5” x 18.5”
Material: Aluminum

Large Capacity Mixer

After the malagkit cooked in kaldero the
mixer will be needed to make the rice
sticky.

Specifications:
Dimension(L*W*H):
1500*1400*1400mm
Weight: 450 KG
Table 4.5 List of Production Tools and Equipment

4.4 Material Handling Equipment

Loading, unloading, and moving products within a factory or warehouse—often

with the help of machinery—is referred to as material handling. As a result, the term

"material handling equipment" refers to machinery that moves and stores goods to

facilitate warehouse operations. According to the general provision of OSH standards

Rule 1150, a company must comply with the use of equipment for material handling and

storage (Occupational Safety and Health Standards, 2015).

EQUIPMENT DESCRIPTION

93
 A strainer will be used to grab

product from the frying pan.

Stainless working table will serve

as a preparation or packaging the

finished product.

A food display warmer will be

used to keep food warm it has

been cocked and to display

different flavor.

A box cart it will serve as a holder

for the finished goods or product

that can be move to packing area.

Table 4.6 List of Material handling equipment

94
4.5 Production Worker Uniform

OSH Standard Rule 1080 mandates a strict proper dress code that includes

providing of workers’ protective equipment for eyes, face, hands, and feet (Occupational

Safety and Health Standards, 2015). In accordance to this, the company will require its

workers a dress code that would serve as their uniform for their day-to-day work.

Equipment Description

King Inamnam’s Company production

workers will wear black-blue polo shirt
and black jeans as their regular uniform.
This is designed and required for both
male and female workers.
As part of Good Company Practices, no
worker shall be permitted to enter the
Polo Shirt production area without prior
authorization.
The wearing of face masks inside the

production site will be made mandatory

for all production workers to ensure

sanitation and safety.

Disposable Face Mask

95
 Production workers are required to wear

disposable gloves to avoid

contamination of the raw ingredients and

to protect their hands from bacteria and

dirt.

Disposable Gloves

Production workers are required to wear

a hair cap to prevent any strand of hair

of the workers from contacting the jams

and sanitized tools and equipment.

Disposable Hair Cap

Production workers are required to wear

an apron, it prevents your clothes from

coming in contact with the food, hence

any germs, dust, hair etc, stay within the

apron.

Apron

Production workers are also required to

wear black safety shoes for a uniform

look and to keep the feet of the workers

safe.

96
 Safety Shoes

Production workers are also required to

wear pot holder when necessary to

protect the hands from the heat of hot

cookware, casseroles, or other hot items

that cannot be handled with bare hands.

Pot
holder

Table 4.7 List of Production Worker Uniform

4.6 Furniture, Fixtures, and Equipment

FF&E stands for Furniture, Fixtures, and Equipment. These are movable pieces of

equipment that have no permanent attachments to the main building structure. These

items include desks, shelves, chairs, computers, electronic equipment, tables, bookcases,

97
desktop, partitions and medical needs. Although these items depreciate considerably, they

are important costs to consider when valuing a company, especially in liquidation (Van

Team, n.d.).

4.6.1 Office

Office Table Office Chair

File Drawers Client Chairs

98
Desktop Computer Lights

Printer Air Conditioner

Telephone Trashbin

Wi-Fi Router White Board

Table 4.8 Office Equipment

99
4.6.2 Production

Process Table Waste Bins

Emergency Light Exhaust Fan

Safety Signs Fire Extinguisher

100
 Lights Digital Clock

Air Cooling Fan

Table 4.9 Production Equipment

4.6.3 Toilet Room

101
Toilet Bowl Sink

102
 Toilet Accessories

Table 4.10 Toilet room Equipment

4.6.4 Breakroom

Dining Table Medicine Cabinet

Lockers Water Dispenser

103
 Wall Fan Lights

Table 4.11 Breakroom FFE

4.6.5 Tool room

Tools Cabinet Cleaning Materials

Table 4.12 Tool Room FFE

4.7. Manufacturing Process

This sub-chapter showcases the manufacturing process of making the Turonkit by

the use of a process flow chart. The Manufacturing process consists of the steps wherein

the raw materials are transformed into a finished output or product. Figure 4.3 exhibits

the process flow chart for the preparation, while figure 4.4 exhibits the main process to

produce the Turonkit.

104
Figure 4.3 Preparation Process Flow Chart

105
 Figure 4.4 Process Flow Chart

4.7.1 Process Description

Preparation is divided into seven sub processes:

 Measuring – first process of preparation is measuring the
raw materials needed.
 Rinsing – this involves rinsing glutinous rice, pour it off
Preparation
and then repeat until the water runs clear, which is going
to be about 3 times. Rinsing also of other raw material.
 Simmering - First is a cooking method that brings the
liquid of a dish to just below the boiling point over lower
heat.
 Separating – this involves separating one by one the
lumpia wrapper from each other.
 Transferring - After cooking the glutinous rice, the next
process is the transferring of cooked glutinous rice to
large pan.
 Mixing - In this process it takes nonstop stirring. Begin
stirring until the Glutinous Rice thickens considerably.
Medium heat is the hottest you should go. Slow and
steady does it. To obtain specific qualities in the finished
product, such as changing consistency or smoothing
texture, you might need to blend or putting other
ingredients together.
 Cooling - In this cooling process is basically reducing
temperature before proceeding to wrapping process.

106
 After cooking the cooked sticky rice and cooling, the next
Wrapping process is wrapping. Filling the wrappers of sticky rice and other
ingredients.

Frying process, the cooking of wrapped sticky rice in hot fats or

oils, usually done with a shallow oil bath in a pan over a fire or
Frying as so-called deep fat frying, in which the food is completely
immersed in a deeper vessel of hot oil.
In this cooling process is basically reducing temperature before
Cooling packaging.

After all the procedures stated above have been completed, the

Packaging product Turonkit will move directly to the packaging area.

Table 4.13 Process Description

4.8 Time Study

Table 4.14 presents the time and motion study in producing Turonkit that was

conducted by the proponents.

PREPARATION
CYCLE MEASURING RINSING SIMMERING SEPARATING
(in mins.) OT R% NT OT R NT OT R% NT OT R% NT
%

107
 1 0.17 100 0.17 1.12 10 1.12 30 90 27 0.33 95 0.31
0
2 0.17 100 0.17 1.12 10 1.12 30 90 27 0.28 95 0.27
0
3 0.17 100 0.17 1.12 10 1.12 30 90 27 0.35 95 0.33
0
4 0.17 100 0.17 1.12 10 1.12 30 90 27 0.37 95 0.35
0
5 0.17 100 0.17 1.12 10 1.12 30 90 27 0.38 95 0.36
0
6 0.17 100 0.17 1.12 10 1.12 30 90 27 0.33 95 0.31
0
7 0.17 100 0.17 1.12 10 1.12 30 90 27 0.28 95 0.27
0
8 0.17 100 0.17 1.12 10 1.12 30 90 27 0.25 95 0.24
0
9 0.17 100 0.17 1.12 10 1.12 30 90 27 0.32 95 0.30
0
10 0.17 100 0.17 1.12 10 1.12 30 90 27 0.29 95 0.28
0

PREPARATION
CYCLE TRANSFERRING MIXING COOLING
(in mins.) OT R% NT OT R% NT OT R% NT
1 0.47 100 0.47 5.45 90 4.91 5.00 100 5.00
2 0.47 100 0.47 5.45 90 4.91 5.00 100 5.00
3 0.47 100 0.47 5.45 90 4.91 5.00 100 5.00
4 0.47 100 0.47 5.45 90 4.91 5.00 100 5.00
5 0.47 100 0.47 5.45 90 4.91 5.00 100 5.00
6 0.47 100 0.47 5.45 90 4.91 5.00 100 5.00
7 0.47 100 0.47 5.45 90 4.91 5.00 100 5.00
8 0.47 100 0.47 5.45 90 4.91 5.00 100 5.00
9 0.47 100 0.47 5.45 90 4.91 5.00 100 5.00
10 0.47 100 0.47 5.45 90 4.91 5.00 100 5.00

SUMMARY
MEASURING RINSING SIMMERING SEPARATING TRANSFERRING MIXING COOLING
Total OT 1.70 11.20 300.00 3.18 4.70 54.50 50.00
Total NT 1.70 11.20 270.00 3.02 4.70 49.10 50.00
No. of 10 10 10 10 10 10 10
Observation
Average NT 0.17 1.12 27.00 0.30 0.47 4.91 5.00
Allowances % 0 0 0 0 0 12% 0
No of 1 1 1 60 1 1 1
occurrence
Standard Time 0.17 1.12 27.00 21.00 0.47 5.50 5.00
(in mins.)

WRAPPING FRYING COOLING PACKAGING

108
 CYCLE OT R% NT OT R% NT OT R% NT OT R% NT
(in mins.)
1 0.75 95 0.71 5.30 95 5.04 2.00 100 2.00 0.07 95 0.07
2 0.65 100 0.65 5.30 95 5.04 2.00 100 2.00 0.05 100 0.05
3 0.74 95 0.70 5.30 95 5.04 2.00 100 2.00 0.07 95 0.07
4 0.80 90 0.72 5.30 95 5.04 2.00 100 2.00 0.06 95 0.06
5 0.77 95 0.73 5.30 95 5.04 2.00 100 2.00 0.05 100 0.05
6 0.71 95 0.67 5.30 95 5.04 2.00 100 2.00 0.08 95 0.08
7 0.67 100 0.67 5.30 95 5.04 2.00 100 2.00 0.08 95 0.08
8 0.69 100 0.69 5.30 95 5.04 2.00 100 2.00 0.07 95 0.07
9 0.67 100 0.67 5.30 95 5.04 2.00 100 2.00 0.06 95 0.06
10 0.73 95 0.69 5.30 95 5.04 2.00 100 2.00 0.05 100 0.05

SUMMARY
WRAPPING FRYING COOLING PACKAGING
Total ot 7.18 53.00 20.00 0.64
Total nt 6.90 50.40 20.00 0.64
No of 10 10 10 10
observation
Average nt 0.69 5.04 2.00 0.06
Allowances % 12% 12% 0 12%
No of 60 1 1 60
occurrence
Standard time 46.37 5.64 2.00 4.03
(in mins.)
Total standard time (in minutes) 118.3
Table 4.14 Time Study

4.9 Production Schedule

109
 TIME BATCH 1 BATCH 2 BATCH 3 BATCH 4
8:00-8:10
8:10-8:20 Preparation
(W1,W2,W3)
8:20-8:30
8:30-8:40
8:40-8:50
8:50-9:00
9:00-9:10
9:10-9:20 Wrapping
(W1,W2,W3)
9:20-9:30
9:30-9:40
9:40-9:50
9:50-10:00 Frying (W2,W3) Break w1
10:00-10:05 Cooling (W1,W3) Break w2
10:05-10:10 Packaging (W1,W2) Break w3
10:10-10:20
10:20-10:30 Preparation
(W1,W2,W3)
10:30-10:40
10:40-10:50
10:50-11:00
11:00-11:10
11:10-11:20 Wrapping
(W1,W2,W3)
11:20-11:30
11:30-11:40
11:40-11:50
11:50-12:00 Frying
(W1,W2,W3)
12:00-1:00 LUNCH BREAK
1:00-1:05 Cooling (W2,W3) Preparation (W1)
1:05-1:10 Packaging
(W2,W3)
1:10-1:20
1:20-1:30 Preparation
(W1,W2,W3)
1:30-1:40
1:40-1:50
1:50-2:00
2:00-2:10
2:10-2:20 Wrapping
(W1,W2,W3)
2:20-2:30
2:30-2:40
2:40-2:50 Frying (W1,W3) Break W2
2:55-3:00 Cooling (W1,W2) Break W3
3:00-3:05 Packaging Break W1
(W2,W3)
3:05-3:10 Preparation
3:10-3:20 (W1,W2,W3)

3:20-3:30
3:30-3:40
3:40-3:50
3:50-4:00 Wrapping
(W1,W2,W3)
4:00-4:10

110
 4:10-4:20
4:20-4:30
4:30-4:40 Frying (W1,W3) Cleaning and
Checking of
4:40-4:45 Cooling (W1,W3)
equipment
4:45-5:00 Packaging used (W2)
(W1,W3)
5:00 OUT

Table 4.15 Production Schedule

4.10 Plant Layout

10.0m
5.65m 4.35m

2.4m

4.46m

3.53m

1.47m

12.0m
12.0m
1.27m

1.28m

6.07m

3.52m

111

1.4m 2.17m 2.46m 2.26m 1.71m

 Figure 4.5 Plant Layout

4.11 Floor Diagram

10.0m
5.65m 4.35m

2.4m
4.46m

3.53m
1.47m
12.0m

12.0m
1.27m
1.28m
6.07m

3.52m

112

1.4m 2.17m 2.46m 2.26m 1.71m

 Figure 4.6 Floor Diagram

4.12 Plant Location

Figure 4.7 Plant

Location

The proposed location of the company will be located near at Don Honorio

Ventura State University – Main Campus. Figure 4.7 shows an aerial and front

113
perspective of the planned location. The red pinpoint displays the precise location of the

company’s proposed location. The proposed location for King Inamnam Company is

estimated 120sqm in size. This area is more than adequate for King Inamnam Co. to

operate and produce safely and in accordance with all applicable health and community

laws.

4.12.1 Supply of Utilities

The utility industry includes companies that supply essential services such as

electricity, natural gas, and water. This consists of Water, electricity, and natural gas are

all essential commodities for economic and social development. Governments are

ultimately responsible for ensuring reliable universal access to services under accountable

regulatory frameworks.

According to Murphy (2022), some experts predict substantial growth for the

utilities business in the 2020s as a result of the drive toward "clean" energy, as well as

competition-enhancing laws, initiatives, and investments in renewable energy resources.

The following were the factors that the proponents have considered in the

selection of their plant location:

4.12.1.A Power Supply

According to Techopedia (2017), a power supply is a component that provides

power to only one consumer. It typically converts one type of electrical power to another,

114
but it can also convert another source of energy, such as solar, mechanical, or chemical

energy, into electricity. The proponents took the availability of power supply into

consideration in choosing and deciding the location of their plant. Electricity is very

significant in the stability of the company’s operation. With this, the distributor of the

power supply in the area is the Pampanga II Electric Cooperative, Inc., (PELCO II).

4.12.1.B Water Supply

The quantity of water that is readily available to satisfy a particular need is

referred to as the water supply. Water must satisfy both quality and quantity

requirements. It is composed of water for both the manufacture and production of a good

or service, as well as water used during the production process. This is an important

factor to consider when deciding where to locate your facility because it is necessary for

a variety of activities and operations. It is used not only for manufacturing processes, but

also for sanitary and sanitation purposes for the plant, its employees, and so on.

According to Local Water Utilities Administration, A water district is a local

corporate entity responsible for the operation and maintenance of a water supply system

in one or more provincial cities or municipalities. Bacolor Water District will be the

water system utilized by the proponents.

4.12.1.C Telephone/ Internet Connection

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 In today's digital era, telecommunication services are definitely critical for

business success and continuity. They improve not only communication effectiveness but

also workplace flexibility by allowing businesses to expand their reach. Voice telephone

conversations, data, text, images, and video can all be used to convey information.

Telecommunications are used to establish telecommunications networks by connecting

computers that are more or less distant from one another.

A good selection of is critical for smooth and quick transactions because it allows

the company to interact successfully with both consumers and employees, it remains an

integral part of a customer support strategy, and there is collaboration across divisions,

which can aid in the improvement of your company's performance. As a result, the

company has chosen Philippine Long-Distance Telephone (PLDT) as its telephone

service and internet provider.

4.12.2 Accessibility

Accessible practices may benefit everyone, and increasing your organization's

membership base may provide you with a larger pool of potential customers. The

proponents ensured that the company is easily accessible so that it can reach its clients or

customers faster and be reached in the same way. If a company is strategically located in

an ideal location, one can expect growth, increased revenue, and increased brand

awareness. The proponents of this study ensured that the company, which is located in

Cabambangan, Villa de Bacolor, Pampanga, is accessible to all parties, particularly their

target market, suppliers, and competitors, by doing so.

4.12.3 Safety

116
 King Inamnam Co. values each individual's health. As a result, the chosen

location ensures that no one will be harmed. Regulations that are properly monitored and

enforced are followed by both employees and management. All aspects of a business's

workplace environment that have an effect on its employees' safety, health, and well-

being are referred to as "workplace safety. Since the company values the safety and well-

being of their employees, customers, suppliers, and even distributors, the site was

carefully examined to make sure that no single person will be harmed and even the

materials that will be used for production are all safe because these are chemical and

toxic free. The proponents made sure to pick a safe location for the site.

4.13 Waste Disposal Management

According to Gtsadmin (2022), waste management refers to the methods and

actions necessary to manage waste from the beginning to its final disposition. Creating an

environmentally responsible business is one of the study's proponents' goals. Terms like

"going green" and "eco-friendly" have become popular in recent years on talk shows,

commercials, and product packaging. Furthermore, eco-friendly products reduce

pollution of the air, water, and land. Being a sustainable and eco-friendly business is a top

priority for the organization, as proponents believe that everyone must contribute to

natural resource conservation and environmental cleanliness for future generations. This

will be accomplished by establishing a waste management system.

Waste management encompasses the collection, transportation, processing,

disposal, recycling, and supervision of various waste items. As a result, the proponents

will use the 3Rs - Reduce, Reuse, and Recycle - to properly dispose of and manage trash.

Reducing trash and garbage production entails reducing the amount of garbage produced.

117
Reusing refers to the reuse of materials, whereas recycling refers to the creation of new

materials from trash. A waste monitoring system will also be implemented, and employee

seminars will be held to help them better understand the various regulations, guidelines,

and standards that must be followed when it comes to trash disposal management.

Conclusion

A technical feasibility study looks into the method by which you plan to provide a

good or service to customers. Think about the materials, labor, transportation, location of

your business, and the technology needed to make it all happen. It's the business's

production, storage, delivery, and tracking processes and its logistical or tactical strategy.

This portion of the study is frequently used for long-term planning and problem-solving.

With the aid of flowcharts and process charts (time study, process flow, etc.), it can be

used as a guide to demonstrate how products and services develop and move through the

organization to reach the target market. This section also outlines the specifics of how a

good or service will be delivered, including the mode of transportation, the location of the

business, the technology required, the materials, and the labor. By providing an overview

of how your project might change during development, troubleshooting, and tracking the

progression of your project from concept to reality, may give meaning to many elements

of your project and serve as an effective planning tool.

118
 An effective project typically begins with a strategy that contains all of the

necessary information to prevent any unforeseen issues during production. This plan

provides insight into what will be required for a successful launch and the

accomplishment of the project's goals, and it is crucial for the efficient execution of a

large-scale project.

In fact, the technical study of the production aspect of the company is crucial to

the operation of this firm because it offers pertinent information to the different aspects of

the proposal and can be used as a road map by giving an overhead view of how the

proposal might develop over time throughout its progress, as well as solving and

monitoring the progress of the project from concept to reality.

CHAPTER 5

Financial Study

The term "financial analysis" refers to the analysis of financial-related projects

and activities or a company's financial statements, which include a balance sheet, income

statement, and notes to accounts, or the use of financial ratios to assess a company's

performance and trend in order to make important decisions like investment and project

planning and financing (Waingarkan, 2022).

Furthermore, it helps readers make better decisions about the thing and its actions.

Determined by a financial feasibility study are the sources of funding, the rate of return

on investment, and other financial factors, in addition to the startup capital needed. The

amount of money needed, how it will be obtained, and how it will be used are all taken

into account. The main goal of a feasibility study is to ascertain whether a specific course

119
of action is likely to result in the desired result, that is, whether it will work and is

economically viable. The long-term viability of a project and its capacity to withstand

potential financial difficulties will be examined as part of the feasibility assessment. It

helps in locating potential cash flows as well. Helping planners focus on the project and

reduce the number of potential outcomes is another crucial goal.

5.1 King Inamnam Co. Major Financial Assumptions

1. The projected average inflation rate from 2023 to 2027 is 3.0% (Statista, 2022).

2. Price per direct materials will increase by 3.5% yearly due to inflation.

3. Number of productions is expected to increase by 5% yearly.

4. Price per indirect materials will increase by 3.5% yearly due to inflation

5. Desired ending inventory is expected to be 1% of the total inventory on hand

before sales.

6. The value of defective goods is set to be 7% of total inventory on hand before

sales.

7. Electricity expense is expected to increase by 5% yearly.

8. Unit cost will be marked up by 200% to cover other operating expense for the

first year and to increase 3.5% yearly.

9. Salaries of all employees will increase by 5% yearly.

120
10. Advertising expense to increase by 4% yearly based on the pre-operation

advertisement.

11. Office supplies purchased is 80%of supplies beginning.

12. Office supplies inventory is 60% of total office supplies.

13. Production tools, and supplies purchased is 200% of production tools and supplies

beginning.

14. Production tools and supplies inventory is 40% of total production tools and

supplies.

15. Bathroom and cleanings supplies purchased is 200% of bathroom and cleaning

supplies beginning.

16. Bathroom and cleaning supplies inventory is 40% of total bathroom and cleaning

supplies.

17. Accounts receivable is estimated to be 10% of sales.

18. Partners withdraw 40% of the total of beginning capital and net income yearly

from 2023 to 2027.

19. Inventories increases 5% yearly.

20. The income tax of the company is based on the TRAIN Law: 30% for Php

2,000,000 to Php 8,000,000, and 35 % for Php 8,000,000 above.

121
5.2 Project Cost

Table 5.1 shows the project cost of King Inamnam Co. This includes investments

in fixed assets and pre-operating expenses.

King Inamnam Company

PROJECT COST
Investment in Fixed Assets:
Lot 288,000.00
Building 1,349,040.00
Production Equipment 1,134,874.00
Delivery Equipment 150,000.00
Furniture and Fixtures 115,600.00.00
Office Equipment 37,780.00
Total Investment in Fixed Assets 3,075,294.00

Pre-Operating Expenses
Utilities Installation 12,000.00
Legal Fees 9,525.00
SEC Registration 6,750.00
BIR Registration 540.00

122
 FDA Registration 8,080.00
LTO Registration 480.00
Advertising Expenses 1,450.00
Production Tool and Utilities 8,480.00
Office Supplies 23,790.00
Bathroom and Cleaning Supplies 2,570.00
Total Pre-Operating Expenses 73,665.00

Project Cost (Php) 3,148,959

Table 5.1 Project Cost

5.3 Pre-operating Cash Flows

Table 5.2 shows the pre-operating cash flows of King Inamnam Co. It includes

the cash inflows and outflows and the ending capital balance as well.

King Inamnam Company

PRE-OPERATING CASH FLOWS
Cash Inflows:
Ojeras, John Christopher Y. 1,000,000
Punzalan, Janelle M. 1,000,000
Ramos, Gerald S. 1,000,000
Santos, Lemuel Allen P. 1,000,000
Suing, Joseph Miguel F. 1,000,000
Tapang, Kyla Marie R. 1,000,000
Ubor, Joemer B. 1,000,000
Total Cash Inflows 7,000,000

Cash Outflows:
Lot 288,000.00
Building 1,349,040.00
Purchase of Production Equipment 1,134,874.00.00

123
 Purchase of Delivery Equipment 150,000.00
Purchase of Furniture and Fixtures 115,600.00
Purchase of Office Equipment 37,780.00
Utilities Installation 12,000.00
Legal Fees 9,525.00
SEC Registration 6,750.00
BIR Registration 540.00
FDA Registration 8,080.00
LTO Registration 480.00
Advertising Expenses 1,450.00
Production Tool and Utilities 8,480.00
Office Supplies 23,790.00
Bathroom and Cleaning Supplies 2,570.00
Total Cash Outflows 3,148,959
Cash Balance, End (Php) 3,851,041
Table 5.2 Pre-operating Cash flows

5.4 Pre-operating Statement of Financial Position

Table 5.3 shows the pre-operating statement of financial position of King

Inamnam Co. This includes current assets, non-current assets, liabilities, and partners’

equity.

King Inamnam Company

PRE-OPERATING STATEMENT OF FINANCIAL POSITION
Current Assets:
Cash 3,855,541.00
Office Supplies 23,790.00
Production Tools and Utilities 8,480.00
Bathroom and Cleaning Supplies 2,570.00
Other Prepaid Expenses 34,325.00
Total Current Assets 3,924,706

Non-Current Assets:
Production Equipment 1,134,874.00
Furniture and Fixtures 115,600.00
Office Equipment 37,780.00

124
 Lot 288,000.00
Building 1,349,040.00
Delivery Equipment 150,000.00
Total non-Current Assets 3,075,294.00

Total Assets 7,000,000.00

Partner's Equity
Ojeras, John Christopher Y. 1,000,000
Punzalan, Janelle M. 1,000,000
Ramos, Gerald S. 1,000,000
Santos, Lemuel Allen P. 1,000,000
Suing, Joseph Miguel F. 1,000,000
Tapang, Kyla Marie R. 1,000,000
Ubor, Joemer B. 1,000,000
Total Partner's Equity 7,000,000

Table 5.3 Pre-operating statement of Financial Position

5.5 Table of Equipment

Table 5.4 shows the table of equipment of King Inamnam Co. This includes the

costs of production, furniture and fixtures, office, and delivery equipment.

TABLE OF EQUIPMENT
Production Equipment
Description Quantity Price/unit Total Cost Useful Life
Turon Making Machine 1 950,000.00 950,000.00 9
Standing Gas Deep Fryer 1 5,774.00 5,774.00 9
Big kaldero Boiler 1 1,200.00 1,200.00 10
Large Capacity Mixer 1 150,000.00 150,000.00 10
Strainer 2 950.00 1,900.00 8
Stainless Working table 1 5,000.00 5,000.00 10
Box Chart 2 8,000.00 16,000.00 9
Food warmer 1 5,000.00 5,000.00 7
Total 1,134,874.00

125
 Office Equipment
Description Quantity Price/unit Total Cost Useful Life
Desktop 1 21,000.00 21,000.00 10
Air condition 1 12,500.00 12,500.00 10
Telephone 1 780.00 780.00 10
Printer 1 3,500.00 3,500.00 10
Total 37,780.00

Furniture and Fixtures

Description Quantity Price/unit Total Cost Useful Life
Foldable chairs and table 2 6,000.00 12,000.00 8
Office Table 2 2,500.00 5,000.00 8
Office Chair 2 1,200.00 2,400.00 7
Files Drawer 2 2,000.00 4,000.00 9
Process Table 2 10,000.00 10,000.00 8
Digital Clock 3 700.00 2,100.00 8
Lights 15 200.00 3,000.00 8
Emergency light 10 800.00 8,000.00 8
Fire extinguishers 3 1,200.00 3,600.00 8
Wall fan 5 1,300.00 6,500.00 8
Exhaust fan 5 1,400.00 7,000.00 8
Safety signs set 1 1,500.00 1,500.00 7
Waste bins 10 500.00 5,000.00 9
White board 2 700.00 1,400.00 8
Medicine cabinet 1 1,300.00 1,300.00 9
Lockers 1 10,000.00 10,000.00 9
Water dispenser 1 4,500.00 4,500.00 8
Toilet bowl and 1 4,500.00 4,500.00 10
Accessories
Sink 2 3,500.00 7,000.00 10
Bathroom mirror 1 300.00 300.00 10
Tools cabinet 1 5,500.00 5,500.00 9
Client chairs 2 2,000.00 4,000.00 7
Cabinet 1 7,000.00 7,000.00 10
Total 115,600.0
0

Delivery Equipment

126
 Description Quantity Price/unit Total Cost Useful Life
Delivery Motor 1 150,000.00 150,000.00 10
Total 150,000.00

Table 5.4 Table of Equipment

5.6 Schedule of Depreciation and Amortization

Table 5.5 shows the schedule of depreciation and amortization of King Inamnam

Co. This includes the depreciation values of production, furniture and fixtures, office, and

delivery equipment.

SCHEDULE OF DEPRECIATION AND AMORTIZATION

Production Equipment
Description Quantity Price/unit Total Useful Total
Cost Life Depreciation
Turon Making Machine 1 950,000 950,000 9 105,555.56
Standing Gas Deep 1 5,774 5,774 9 641.56
Fryer
Big Kaldero Boiler 1 1,200 1,200 10 120
Large Capacity Mixer 1 150,000 150,000 10 15,000
Strainer 2 950 1,900 8 118.75
Stainless Working table 1 5,000 5,000 10 500
Box Chart 2 8,000 16,000 9 888.89

127
Food warmer 1 5,000 5,000 7 625
Total 1,134,874 123,449.76

Office Equipment
Description Quantity Price/unit Total Useful Total
Cost Life Depreciation
Desktop 1 21,000 21,000 10 2,100
Air condition 1 12,500 12,500 10 1,250
Telephone 1 780 780 10 78
Printer 1 3,500 3,500 10 350
Total 37,780 3,778

Furniture and Fixtures

Description Quantit Price/unit Total Cost Useful Total
y Life Depreciation
Foldable chairs and 2 6,000.00 12,000.00 8.00 750.00
table
Office table 2 2,500.00 5,000.00 8.00 312.50
Office Chair 2 1,200.00 2,400.00 7.00 171.43
Files Drawer 2 2,000.00 4,000.00 9.00 222.22
Process Table 2 10,000.0 10,000.00 8.00 1,250.00
0
Digital Clock 3 700.00 2,100.00 8.00 87.50
Lights 15 200.00 3,000.00 8.00 25.00
Emergency light 10 800.00 8,000.00 8.00 100.00
Fire extinguishers 3 1,200.00 3,600.00 8.00 150.00
Wall fan 5 1,300.00 6,500.00 8.00 162.50
Exhaust fan 5 1,400.00 7,000.00 8.00 175.00
Safety signs set 1 1,500.00 1,500.00 7.00 214.29
Waste bins 10 500.00 5,000.00 9.00 55.56
White board 2 700.00 1,400.00 8.00 87.50
Medicine cabinet 1 1,300.00 1,300.00 9.00 144.44
Lockers 1 10,000.0 10,000.00 9.00 1,111.11
0
Water dispenser 1 4,500.00 4,500.00 8.00 562.50
Toilet bowl and 1 4,500.00 4,500.00 10.00 450.00
Accessories
Sink 2 3,500.00 7,000.00 10.00 350.00
Bathroom mirror 1 300.00 300.00 10.00 30.00
Tools cabinet 1 5,500.00 5,500.00 9.00 611.11

128
 Client chairs 2 2,000.00 4,000.00 7.00 285.71
Cabinet 1 7,000.00 7,000.00 10.00 700.00
Total 115,600.00 8,008.37

Delivery Equipment
Description Quantity Price/unit Total Cost Useful Total
Life Depreciation
Delivery Motor 1 150,000.00 150,000.00 10.00 15,000.00

Total 150,000.00 15,000.00

Table 5.5 Schedule of Depreciation and Amortization

5.7 Schedule of Pre-operating Expenses

Table 5.6 shows the schedule of pre-operating expenses of King Inamnam Co.

This includes the expenses for utilities, legal fees, Securities and Exchange Commission

(SEC), Food and Drug Administration (FDA), and Land Transportation Office (LTO)

registration, advertising expense, and professional fee, office supplies, production tools

and utilities, and bathroom and cleaning supplies.

SCHEDULE OF PRE-OPERATING EXPENSES

Utilities
Description Institution Total Cost
Water Supply Bacolor water District 1,000
Electricity PELCO II 5,000
Telephone with Internet PLDT 1,500
Total 7,500

129
 Legal Fees
Description Quantity Price/permit Total Cost
Mayor's Permit 1 1,500.00 1,500.00
Sanitary Permit 1 500.00 500.00
Garbage Fee 1 1,500.00 1,500.00
Health fee 1 500.00 500.00
Fire Inspection fee 1 300.00 300.00
Fire code fee (PD 1185) 1 50.00 50.00
Business Plate 1 2,000.00 2,000.00
Sticker 1 50.00 50.00
Zoning 1 300.00 300.00
Environment Inspection 1 500.00 500.00
Regulatory fee 1 2,175.00 2,175.00
Plumbing inspection fee 1 150.00 150.00
Total 9,525.00

SEC Registration
Description Total Cost
SEC Registration Fee 6,750.00
Total 6,750.00

FDA Registration
Description Total Cost
FDA Registration Fee 8,080.00
Total 8,080.00

BIR Registration
Description Total Cost
Annual Registration Fee 500.00
Certification Fee 15.00
Documentary Stamp Tax 25.00
Total 540.00

130
 Advertising Expense
Description Quantities Price/Unit Total Cost
Posters 10 50 500.00
Flyers 100 10 1000.00
Total 1500.00

LTO Registration
Description Total Cost
LTO Registration Fee 480.00
Total 480.00

Office Supplies
Description Unit Quantity Cost/unit Total Cost
Bundy Clock pcs. 1 10,000.00 10,000.00
Time card pcs. 200 2.00 400.00
First aid kit sets 2 300.00 600.00
Flash Drives pcs. 2 350.00 700.00
Wall clock pcs. 2 200.00 400.00
Puncher pcs. 2 250.00 500.00
Record book pcs. 10 100.00 1,000.00
Bond paper (letter size) reams 5 289.00 1,445.00
Bond paper (legal size) reams 5 330.00 1,650.00
Stapler pcs. 2 100.00 200.00
Staple wires boxes 20 20.00 400.00
Folder (letter size) pcs. 100 3.00 300.00
Folder (legal size) pcs. 100 5.00 500.00
Envelope (letter size) pcs. 100 5.00 500.00
Envelope (legal size) pcs. 100 7.00 700.00
Pencil pcs. 10 10.00 100.00
Ball pen pcs. 20 15.00 300.00
Erasers pcs. 5 10.00 50.00
Scissors pairs 2 40.00 80.00
Scotch tape pcs. 10 40.00 400.00
Tape dispenser pcs. 3 50.00 150.00
Permanent marker boxes 3 180.00 540.00
Whiteboard marker boxes 3 450.00 1,350.00
Correction tape pcs. 5 30.00 150.00
Ruler pcs. 5 10.00 50.00
Calculator pcs. 2 500.00 1,000.00

131
Liquid paper pcs. 5 45.00 225.00
Fastener boxes 2 50.00 100.00
Total 23,790.00

Production Tools and Utilities

Description Unit Quantity Cost/unit Total Cost
Shirt pcs 10 250.00 2,500.00
Safety shoes pairs 3 1,500.00 4,500.00
Apron pcs 4 100.00 400.00
Hair cap boxes 2 40.00 80.00
Face mask boxes 3 100.00 300.00
Disposable gloves boxes 2 150.00 300.00
Pot holder pairs 2 200.00 400.00
Total 8,480.00

Bathroom and Cleaning Supplies

Description Quantity Cost/Unit Total Cost
Mop 3 100.00 300.00
Pail 3 80.00 240.00
Dust pan 3 50.00 150.00
Broom 3 150.00 450.00
Dishwashing liquid 10 50.00 500.00
Detergent powder 10 10.00 100.00
Hand soap 5 35.00 175.00
Garage plastic bag 10 50.00 500.00
Rag 10 8.00 80.00
Dipper 3 25.00 75.00
Total 2570.00

Table 5.6 Schedule of pre-operating expenses

132
5.8 Direct and Indirect Materials Requirements

Table 5.7 shows the direct and indirect materials requirements for King Inamnam

Co. This includes materials required to produce a pair of coils and materials required for

the year 2023 to 2027.

King Inamnam Company

For the year 2023
Direct Materials
Raw Materials Unit Qty. Purchased Price Qty.Used/Box Cost/pc
Glutinuos rice g 1000 70.00 100.00 7.00
Lumpia Wrapper pcs 100 125.00 10.00 12.50
Condensed Milk g 390 60.00 39.00 6.00
Cooking Oil ml 1000 150.00 100.00 15.00
Ube g 1000 100.00 100.00 10.00
Langka g 1000 150.00 100.00 15.00
Total DM/box 655.00 65.50

Indirect Materials

133
Materials Unit Qty. Purchased Price Qty.used/bat Cost/bat
Food Box pc 12 75.00 1.00 6.25
Sticker pc 132 60.00 1.00 0.45
Takoyaki Box pc 120 105.00 1.00 0.88
Total IM/bat 240.00 7.58

DIRECT MATERIAL REQUIREMENTS

King Inamnam Company
For the year 2023 to 2027
Direct Materials 2023
Raw Materials Cost/pc Per piece Production 2023 Total DM Cost
Glutinuos rice 7.00 72,000 504,000.00
Lumpia Wrapper 12.50 72,000 900,000.00
Condensed Milk 6.00 72,000 432,000.00
Cooking Oil 15.00 72,000 1,080,000.00
Ube 10.00 72,000 720,000.00
Langka 15.00 72,000 1,080,000.00
Total Dm/box 65.50 4,716,000.00

Direct Materials 2024

Raw Materials Cost/pc Per piece Production 2024 Total DM Cost
Glutinuos rice 7.23 75,600 547,722.00
Lumpia Wrapper 12.94 75,600 978,075.00
Condensed Milk 6.21 75,600 469,476.00
Cooking Oil 15.53 75,600 1,173,690.00
Ube 10.35 75,600 782,460.00
Langka 15.53 75,600 1,173,690.00
Total Dm/box 67.79 5,125,113.00

Direct Materials 2025

Raw Materials Cost/Pc Per piece Production 2025 Total DM Cost
Glutinuos rice 7.50 79,380 595,236.88
Lumpia Wrapper 13.39 79,380 1,062,923.01
Condensed Milk 6.43 79,380 510,203.04
Cooking Oil 16.07 79,380 1,275,507.61
Ube 10.71 79,380 850,338.41
Langka 16.07 79,380 1,275,507.61
Total Dm/box 70.17 5,569,716.55

134
Direct Materials 2026
Raw Materials Cost/Pc Per piece Production 2026 Total DM Cost
Glutinuos rice 7.76 83,349 646,873.68
Lumpia Wrapper 13.86 83,349 1,155,131.58
Condensed Milk 6.65 83,349 554,463.16
Cooking Oil 16.63 83,349 1,386,157.89
Ube 11.09 83,349 924,105.26
Langka 16.63 83,349 1,386,157.89
Total Dm/box 72.62 6,052,889.46

Direct Materials 2027

Raw Materials Cost/Pc Per piece Production 2027 Total DM Cost
Glutinuos rice 8.03 87,516.45 702,989.98
Lumpia Wrapper 14.34 87,516.45 1,255,339.24
Condensed Milk 6.89 87,516.45 602,562.84
Cooking Oil 17.21 87,516.45 1,506,407.09
Ube 11.48 87,516.45 1,004,271.39
Langka 17.21 87,516.45 1,506,407.09
Total Dm/box 75.16 6,577,977.62

INDIRECT MATERIAL REQUIREMENT

King Inamnam Company
For the year 2023 to 2027
Indirect Materials 2023
Materials Cost/bat Cost/pc Production 2023 Total IM Cost
Food Box 6.25 3.13 72,000 225,000.00
Sticker 0.45 0.01 72,000 1,022.73
Takoyaki Box 0.88 0.03 72,000 2,100.00
Total IM/pc 7.58 3.17 228,122.73

135
Indirect Materials 2024
Materials Cost/bat Cost/pc Production 2024 Total IM Cost
Food Box 6.47 3.23 75,600 244,518.75
Sticker 0.47 0.01 75,600 1,111.45
Takoyaki Box 0.91 0.03 75,600 2,282.18
Total IM/pc 7.84 3.28 247,912.37

Indirect Materials 2025

Materials Cost/bat Cost/pc Production 2025 Total IM Cost
Food Box 6.70 3.35 79380 265,730.75
Sticker 0.49 0.02 79380 1,207.87
Takoyaki Box 0.94 0.03 79380 2,480.15
Total IM/pc 8.12 3.39 269,418.77

Indirect Materials 2026

Materials Cost/bat Cost/pc Production 2026 Total IM Cost
Food Box 6.93 3.46 83349 288,782.89
Sticker 0.50 0.02 83349 1,312.65
Takoyaki Box 0.97 0.03 83349 2,695.31
Total IM/pc 8.40 3.51 292,790.85

Indirect Materials 2027

Materials Cost/bat Cost/pc Production 2027 Total IM Cost
Food Box 7.17 3.59 87516.45 313,834.81
Sticker 0.52 0.02 87516.45 1,426.52
Takoyaki Box 1.00 0.03 87516.45 2,929.12
Total IM/pc 8.70 3.64 318,190.46

Table 5.7 Material Requirements

136
5.9 Unit Cost and Cost of Goods Sold

Table 5.8 shows the computation for unit cost and cost of goods sold. This also

includes manufacturing cost and the beginning and ending inventories of finished goods.

King Inamnam Company

COMPUTATION OF UNIT COST
2023 2024 2025 2026 2027
Direct Materials 4,716,000.00 5,125,113.00 5,569,716.55 6,052,889.46 6,577,977.62
Direct Labor 38,178.00 40,086.90 42,091.25 44,195.81 46,405.60

Manufacturing
Overhead
Indirect Materials 228,122.73 247,912.37 269,418.77 292,790.85 318,190.46
Electricity - 5,000.00 5,250.00 5,512.50 5,788.13 6,077.53
Production
Water - Production 12,000.00 12,600.00 13,230.00 13,891.50 14,586.08
Production Tools and
Supplies Expense 15,264.00 18,316.80 21,980.16 26,376.19 31,651.43
Depreciation of
Production (123,449.76) (123,449.76) (123,449.76) (123,449.76) (123,449.76)
Equipment

Total

137
Manufacturing Cost 4,891,114.97 5,325,829.31 5,798,499.47 6,312,482.18 6,871,438.96
Pieces of Turonkit
produced 72,000.00 75,600.00 79,380.00 83,349.00 87,516.45

Unit cost per box 67.93 70.45 73.05 75.74 78.52

Selling price per 135.86 211.34 219.14 227.21 235.55

box

King Inamnam Company

COST OF GOODS SOLD
2023 2024 2025 2026 2027
Direct Materials 4,716,000.00 5,125,113.00 5,569,716.55 6,052,889.46 6,577,977.62
Direct Labor 38,178.00 40,086.90 42,091.25 44,195.81 46,405.60

Manufacturing
Overhead
Indirect Materials 228,122.73 247,912.37 269,418.77 292,790.85 318,190.46
Electricity - 5,000.00 5,250.00 5,512.50 5,788.13 6,077.53
production
Water - Production 12,000.00 12,600.00 13,230.00 13,891.50 14,586.08
Production Tools
and Supplies 15,264.00 18,316.80 21,980.16 26,376.19 31,651.43
Expense
Depreciation of
Production (123,449.76) (123,449.76) (123,449.76) (123,449.76) (123,449.76)
equipment

Total
Manufacturing 4,891,114.97 5,325,829.31 5,798,499.47 6,312,482.18 6,871,438.96
Cost
Add: Beginning
Finished Good Inv. 0.00 610,438.32 640,960.24 673,008.25 706,658.66

Total Goods 4,891,114.97 5,936,267.63 6,439,459.71 6,985,490.43 7,578,097.62

available for sale
Less: Ending

138
 Finished good inv. 610,438.32 640,960.24 673,008.25 706,658.66 741,991.59

Cost of Goods 4,280,676.65 5,295,307.40 5,766,451.46 6,278,831.77 6,836,106.02

Sold

Table 5.8 Unit Cost and Cost of Goods Sold

5.10 Payroll

Table 5.9 shows the computation for the payroll of King Inamnam Co. employees

from 2023 to 2027. This includes: monthly and yearly salaries; Social Security System

(SSS) and Employee’s Compensation (EC), Pag-IBIG, and PhilHealth contributions; and

the computation for 13th month pay.

King Inamnam Company

Computation of Payroll 2023

SSS & PhilHealt Total

Position Gross Pay Pag-Ibig W.Tax Net Pay
EC h Deduction

Manager 26,512.50 1,193.06 596.53 100.00 851.93 2,741.52 23,770.98

Production Officer 20,149.50 906.73 453.36 100.00 - 1,460.09 18,689.41
Financial Officer 20,149.50 906.73 453.36 100.00 - 1,460.09 18,689.41
Administrative
Officer 20,149.50 906.73 453.36 100.00 - 1,460.09 18,689.41
Marketing Officer 20,149.50 906.73 453.36 100.00 - 1,460.09 18,689.41
Delivery Personnel 10,000.00 450.00 225.00 100.00 - 775.00 9,225.00
Production Worker
1 12,726.00 572.67 286.34 100.00 - 959.01 11,767.00
Production Worker
2 12,726.00 572.67 286.34 100.00 - 959.01 11,767.00
Production Worker
3 12,726.00 572.67 286.34 100.00 - 959.01 11,767.00

139
 Cashier 12,726.00 572.67 286.34 100.00 - 959.01 11,767.00

MONTHLY 168,014.50 7,560.65 3,780.33 1000.00 851.93 13,192.91 154,821.59

Multiply by 12 12 12 12 12 12 12

YEARLY 2,016,174.00 90,727.83 45,363.92 12,000.00 10,223.16 158,314.91 1,857,859.10

King Inamnam Company

Computation of Payroll 2024

SSS & Total

Position Gross Pay PhilHealth Pag-Ibig W.Tax Net Pay
EC Deduction

Manager 27,838.13 1,252.72 695.95 100.00 1,050.77 3,099.44 24,738.69

Production
21,156.98 952.06 528.92 100.00 48.60 1,629.59 19,527.39
Officer
Financial Officer 21,156.98 952.06 528.92 100.00 48.60 1,629.59 19,527.39
Administrative
21,156.98 952.06 528.92 100.00 48.60 1,629.59 19,527.39
Officer
Marketing
21,156.98 952.06 528.92 100.00 48.60 1,629.59 19,527.39
Officer
Delivery
10,500.00 472.50 262.50 100.00 0 835.00 9,665.00
Personnel
Production
13,362.30 601.30 334.06 100.00 0 1,035.36 12,326.94
Worker 1
Production
13,362.30 601.30 334.06 100.00 0 1,035.36 12,326.94
Worker 2
Production
13,362.30 601.30 334.06 100.00 0 1,035.36 12,326.94
Worker 3
Cashier 13,362.30 601.30 334.06 100.00 0 1,035.36 12,326.94
MONTHLY 176,415.23 7,938.69 4,410.38 1000.00 1,245.17 14,594.24 161,820.99

Multiply by 12 12 12 12 12 12 12

YEARLY 2,116,982.70 95,264.22 52,924.57 12,000.00 14,942.04 175,130.83 1,941,851.87

King Inamnam Company

Computation of Payroll 2025

SSS & PhilHealt Total

Position Gross Pay Pag-Ibig W.Tax Net Pay
EC h Deduction

Manager 29,230.04 1,461.50 730.75 100.00 1,259.56 3,551.81 25,678.23

Production Officer 22,214.83 1,110.74 555.37 100.00 207.27 1,973.39 20,241.44
Financial Officer 22,214.83 1,110.74 555.37 100.00 207.27 1,973.39 20,241.44
Administrative
22,214.83 1,110.74 555.37 100.00 207.27 1,973.39 20,241.44
Officer
Marketing Officer 22,214.83 1,110.74 555.37 100.00 207.27 1,973.39 20,241.44
Delivery Personnel 11,025.00 551.25 275.63 100.00 0 926.88 10,098.13
Production Worker
14,030.42 701.52 350.76 100.00 0 1,152.28 12,878.14
1
Production Worker
14,030.42 701.52 350.76 100.00 0 1,152.28 12,878.14
2

140
Production Worker
14,030.42 701.52 350.76 100.00 0 1,152.28 12,878.14
3
Cashier 14,030.42 701.52 350.76 100.00 0 1,152.28 12,878.14

MONTHLY 185,235.99 9,261.80 4,630.90 1000.00 2,088.63 16,981.33 168,254.66

Multiply by 12 12 12 12 12 12 12

YEARLY 2,222,831.84 111,141.59 55,570.80 12,000.00 25,063.56 203,775.95 2,019,055.89

King Inamnam Company

Computation of Payroll 2026

SSS & PhilHealt Total

Position Gross Pay Pag-Ibig W.Tax Net Pay
EC h Deduction

1,478.7
Manager 30,691.54 1,534.58 767.29 100.00 3,880.65 26,810.89
8
Production Officer 23,325.57 1,166.28 583.14 100.00 373.89 2,223.30 21,102.27
Financial Officer 23,325.57 1,166.28 583.14 100.00 373.89 2,223.30 21,102.27
Administrative
23,325.57 1,166.28 583.14 100.00 373.89 2,223.30 21,102.27
Officer
Marketing Officer 23,325.57 1,166.28 583.14 100.00 373.89 2,223.30 21,102.27
Delivery Personnel 11,576.25 578.81 289.41 100.00 0 968.22 10,608.03
Production Worker
14,731.94 736.60 368.30 100.00 0 1,204.90 13,527.04
1
Production Worker
14,731.94 736.60 368.30 100.00 0 1,204.90 13,527.04
2
Production Worker
14,731.94 736.60 368.30 100.00 0 1,204.90 13,527.04
3
Cashier 14,731.94 736.60 368.30 100.00 0 1,204.90 13,527.04

2,974.3
MONTHLY 194,497.79 9,724.89 4,862.45 1000.00 18,561.63 175,936.15
0

Multiply by 12 12 12 12 12 12 12

YEARLY 2,333,973.43 116,698.67 58,349.34 12,000.00 35,691.60 222,739.61 2,111,233.82

King Inamnam Company

Computation of Payroll 2027

SSS & PhilHealt Total

Position Gross Pay Pag-Ibig W.Tax Net Pay
EC h Deduction

Manager 32,226.12 1,611.31 805.65 100.00 1,708.97 4,225.93 28,000.19

Production Officer 24,491.85 1,224.59 612.30 100.00 548.83 2,485.72 22,006.13
Financial Officer 24,491.85 1,224.59 612.30 100.00 548.83 2,485.72 22,006.13
Administrative
24,491.85 1,224.59 612.30 100.00 548.83 2,485.72 22,006.13
Officer
Marketing Officer 24,491.85 1,224.59 612.30 100.00 548.83 2,485.72 22,006.13
Delivery 12,155.06 607.75 303.88 100.00 0 1,011.63 11,143.43

141
Personnel
Production
15,468.54 773.43 386.71 100.00 0 1,260.14 14,208.40
Worker 1
Production
15,468.54 773.43 386.71 100.00 0 1,260.14 14,208.40
Worker 2
Production
15,468.54 773.43 386.71 100.00 0 1,260.14 14,208.40
Worker 3
Cashier 15,468.54 773.43 386.71 100.00 0 1,260.14 14,208.40

MONTHLY 204,222.67 10,211.13 5,105.57 1000.00 3,904.29 20,220.99 184,001.68

Multiply by 12 12 12 12 12 12 12

YEARLY 2,450,672.10 122,533.60 61,266.80 12,000.00 46,851.48 242,651.89 2,208,020.21

King Inamnam Company

Schedule of SSS and EC Contribution (2023)

Employer's Employee
Position Gross Pay Total
Share Share

Manager 26,512.50 2,518.69 1,193.06 3,711.75

Production Officer 20,149.50 1,914.20 906.73 2,820.93
Financial Officer 20,149.50 1,914.20 906.73 2,820.93
Administrative Officer 20,149.50 1,914.20 906.73 2,820.93
Marketing Officer 20,149.50 1,914.20 906.73 2,820.93
Delivery Personnel 10,000.00 950.00 450.00 1,400.00
Production Worker 1 12,726.00 1,208.97 572.67 1,781.64
Production Worker 2 12,726.00 1,208.97 572.67 1,781.64
Production Worker 3 12,726.00 1,208.97 572.67 1,781.64
Cashier 12,726.00 1,208.97 572.67 1,781.64

MONTHLY 168,014.50 15,961.38 7,560.65 23,522.03

Multiply by 12 12 12 12

YEARLY 2,016,174.00 191,536.53 90,727.83 282,264.36

142
 King Inamnam Company
Schedule of SSS and EC Contribution (2024)

Employer's Employee
Position Gross Pay Total
Share Share

Manager 27,838.13 2,644.62 1,252.72 3,897.34

Production Officer 21,156.98 2,009.91 952.06 2,961.98
Financial Officer 21,156.98 2,009.91 952.06 2,961.98
Administrative Officer 21,156.98 2,009.91 952.06 2,961.98
Marketing Officer 21,156.98 2,009.91 952.06 2,961.98
Delivery Personnel 10,500.00 997.50 472.50 1,470.00
Production Worker 1 13,362.30 1,269.42 601.30 1,870.72
Production Worker 2 13,362.30 1,269.42 601.30 1,870.72
Production Worker 3 13,362.30 1,269.42 601.30 1,870.72
Cashier 13,362.30 1,269.42 601.30 1,870.72

MONTHLY 176,415.23 16,759.45 7,938.69 24,698.13

Multiply by 12 12 12 12

YEARLY 2,116,982.70 201,113.39 95,264.24 296,377.58

King Inamnam Company

Schedule of SSS and EC Contribution (2025)

Employer's Employee
Position Gross Pay Total
Share Share

Manager 29,230.03 2,923.00 1,461.50 4,384.50

Production Officer 22,214.82 2,221.48 1,110.74 3,332.22
Financial Officer 22,214.82 2,221.48 1,110.74 3,332.22
Administrative Officer 22,214.82 2,221.48 1,110.74 3,332.22
Marketing Officer 22,214.82 2,221.48 1,110.74 3,332.22
Delivery Personnel 11,025.00 1,102.50 551.25 1,653.75
Production Worker 1 14,030.42 1,403.04 701.52 2,104.56
Production Worker 2 14,030.42 1,403.04 701.52 2,104.56
Production Worker 3 14,030.42 1,403.04 701.52 2,104.56
Cashier 14,030.42 1,403.04 701.52 2,104.56

MONTHLY 185,235.99 18,523.60 9,261.80 27,785.40

Multiply by 12 12 12 12

YEARLY 2,222,831.84 222,283.18 111,141.59 333,424.78

King Inamnam Company

143
 Schedule of SSS and EC Contribution (2026)

Employer's Employee
Position Gross Pay Total
Share Share

Manager 30,691.53 3,069.15 1,534.58 4,603.73

Production Officer 23,325.56 2,332.56 1,166.28 3,498.83
Financial Officer 23,325.56 2,332.56 1,166.28 3,498.83
Administrative Officer 23,325.56 2,332.56 1,166.28 3,498.83
Marketing Officer 23,325.56 2,332.56 1,166.28 3,498.83
Delivery Personnel 11,576.25 1,157.63 578.81 1,736.44
Production Worker 1 14,731.94 1,473.19 736.60 2,209.79
Production Worker 2 14,731.94 1,473.19 736.60 2,209.79
Production Worker 3 14,731.94 1,473.19 736.60 2,209.79
Cashier 14,731.94 1,473.19 736.60 2,209.79

MONTHLY 194,497.79 19,449.78 9,724.89 29,174.67

Multiply by 12 12 12 12

YEARLY 2,333,973.43 233,397.34 116,698.67 350,096.01

King Inamnam Company

Schedule of SSS and EC Contribution (2027)

Employer's Employee
Position Gross Pay Total
Share Share

Manager 32,226.11 3,544.87 1,611.31 5,156.18

Production Officer 24,491.84 2,694.10 1,224.59 3,918.69
Financial Officer 24,491.84 2,694.10 1,224.59 3,918.69
Administrative Officer 24,491.84 2,694.10 1,224.59 3,918.69
Marketing Officer 24,491.84 2,694.10 1,224.59 3,918.69
Delivery Personnel 12,155.06 1,337.06 607.75 1,944.81
Production Worker 1 15,468.53 1,701.54 773.43 2,474.96
Production Worker 2 15,468.53 1,701.54 773.43 2,474.96
Production Worker 3 15,468.53 1,701.54 773.43 2,474.96
Cashier 15,468.53 1,701.54 773.43 2,474.96

MONTHLY 204,222.67 22,464.49 10,211.13 32,675.63

Multiply by 12 12 12 12

YEARLY 2,450,672.10 269,573.93 122,533.60 392,107.54

King Inamnam Company

Schedule of PhilHealth Contribution (2023)

144
 Employer's Employee
Position Gross Pay Total
Share Share

Manager 26,512.50 596.53 596.53 1,193.06

Production Officer 20,149.50 453.36 453.36 906.73
Financial Officer 20,149.50 453.36 453.36 906.73
Administrative Officer 20,149.50 453.36 453.36 906.73
Marketing Officer 20,149.50 453.36 453.36 906.73
Delivery Personnel 10,000.00 225.00 225.00 450.00
Production Worker 1 12,726.00 286.34 286.34 572.67
Production Worker 2 12,726.00 286.34 286.34 572.67
Production Worker 3 12,726.00 286.34 286.34 572.67
Cashier 12,726.00 286.34 286.34 572.67

MONTHLY 168,014.50 3,780.33 3,780.33 7,560.65

Multiply by 12 12 12 12

YEARLY 2,016,174.00 45,363.92 45,363.92 90,727.83

King Inamnam Company

Schedule of PhilHealth Contribution (2024)

Employer's Employee
Position Gross Pay Total
Share Share

Manager 27,838.13 695.95 695.95 1,391.91

Production Officer 21,156.98 528.92 528.92 1,057.85
Financial Officer 21,156.98 528.92 528.92 1,057.85
Administrative Officer 21,156.98 528.92 528.92 1,057.85
Marketing Officer 21,156.98 528.92 528.92 1,057.85
Delivery Personnel 10,500.00 262.50 262.50 525.00
Production Worker 1 13,362.30 334.06 334.06 668.12
Production Worker 2 13,362.30 334.06 334.06 668.12
Production Worker 3 13,362.30 334.06 334.06 668.12
Cashier 13,362.30 334.06 334.06 668.12

MONTHLY 176,415.23 4,410.38 4,410.38 8,820.76

Multiply by 12 12 12 12

YEARLY 2,116,982.70 52,924.57 52,924.57 105,849.14

King Inamnam Company

145
 Schedule of PhilHealth Contribution (2025)

Employer's Employee
Position Gross Pay Total
Share Share

Manager 29,230.03 730.75 730.75 1,461.50

Production Officer 22,214.82 555.37 555.37 1,110.74
Financial Officer 22,214.82 555.37 555.37 1,110.74
Administrative Officer 22,214.82 555.37 555.37 1,110.74
Marketing Officer 22,214.82 555.37 555.37 1,110.74
Delivery Personnel 11,025.00 275.63 275.63 551.25
Production Worker 1 14,030.42 350.76 350.76 701.52
Production Worker 2 14,030.42 350.76 350.76 701.52
Production Worker 3 14,030.42 350.76 350.76 701.52
Cashier 14,030.42 350.76 350.76 701.52

MONTHLY 185,235.99 4,630.90 4,630.90 9,261.80

Multiply by 12 12 12 12

YEARLY 2,222,831.84 55,570.80 55,570.80 111,141.59

King Inamnam Company

Schedule of PhilHealth Contribution (2026)

Employer's Employee
Position Gross Pay Total
Share Share

Manager 30,691.53 767.29 767.29 1,534.58

Production Officer 23,325.56 583.14 583.14 1,166.28
Financial Officer 23,325.56 583.14 583.14 1,166.28
Administrative Officer 23,325.56 583.14 583.14 1,166.28
Marketing Officer 23,325.56 583.14 583.14 1,166.28
Delivery Personnel 11,576.25 289.41 289.41 578.81
Production Worker 1 14,731.94 368.30 368.30 736.60
Production Worker 2 14,731.94 368.30 368.30 736.60
Production Worker 3 14,731.94 368.30 368.30 736.60
Cashier 14,731.94 368.30 368.30 736.60

MONTHLY 194,497.79 4,862.44 4,862.44 9,724.89

Multiply by 12 12 12 12

YEARLY 2,333,973.43 58,349.34 58,349.34 116,698.67

King Inamnam Company

146
 Schedule of PhilHealth Contribution (2027)

Employer's Employee
Position Gross Pay Total
Share Share

Manager 32,226.12 805.65 805.65 1,611.31

Production Officer 24,491.85 612.30 612.30 1,224.59
Financial Officer 24,491.85 612.30 612.30 1,224.59
Administrative Officer 24,491.85 612.30 612.30 1,224.59
Marketing Officer 24,491.85 612.30 612.30 1,224.59
Delivery Personnel 12,155.06 303.88 303.88 607.75
Production Worker 1 15,468.54 386.71 386.71 773.43
Production Worker 2 15,468.54 386.71 386.71 773.43
Production Worker 3 15,468.54 386.71 386.71 773.43
Cashier 15,468.54 386.71 386.71 773.43

MONTHLY 204,222.67 5,105.57 5,105.57 10,211.13

Multiply by 12 12 12 12

YEARLY 2,450,672.10 61,266.80 61,266.80 122,533.60

King Inamnam Company

Schedule of Pag-IBIG Contribution (2023)

Employer's Employee
Position Gross Pay Total
Share Share

Manager 26,512.50 100.00 100.00 200.00

Production Officer 20,149.50 100.00 100.00 200.00
Financial Officer 20,149.50 100.00 100.00 200.00
Administrative Officer 20,149.50 100.00 100.00 200.00
Marketing Officer 20,149.50 100.00 100.00 200.00
Delivery Personnel 10,000.00 100.00 100.00 200.00
Production Worker 1 12,726.00 100.00 100.00 200.00
Production Worker 2 12,726.00 100.00 100.00 200.00
Production Worker 3 12,726.00 100.00 100.00 200.00
Cashier 12,726.00 100.00 100.00 200.00

MONTHLY 168,014.50 1000.00 1000.00 2,000.00

Multiply by 12 12 12 12

YEARLY 2,016,174.00 12,000.00 12,000.00 24,000.00

King Inamnam Company

Schedule of Pag-IBIG Contribution (2024)

147
 Employer's Employee
Position Gross Pay Total
Share Share

Manager 27,838.13 100.00 100.00 200.00

Production Officer 21,156.98 100.00 100.00 200.00
Financial Officer 21,156.98 100.00 100.00 200.00
Administrative Officer 21,156.98 100.00 100.00 200.00
Marketing Officer 21,156.98 100.00 100.00 200.00
Delivery Personnel 10,500.00 100.00 100.00 200.00
Production Worker 1 13,362.30 100.00 100.00 200.00
Production Worker 2 13,362.30 100.00 100.00 200.00
Production Worker 3 13,362.30 100.00 100.00 200.00
Cashier 13,362.30 100.00 100.00 200.00

MONTHLY 176,415.23 1000.00 1000.00 2,000.00

Multiply by 12 12 12 12

YEARLY 2,116,982.70 12,000.00 12,000.00 24,000.00

King Inamnam Company

Schedule of Pag-IbiIBIG Contribution (2025)

Employer's Employee
Position Gross Pay Total
Share Share

Manager 29,230.03 100.00 100.00 200.00

Production Officer 22,214.82 100.00 100.00 200.00
Financial Officer 22,214.82 100.00 100.00 200.00
Administrative Officer 22,214.82 100.00 100.00 200.00
Marketing Officer 22,214.82 100.00 100.00 200.00
Delivery Personnel 11,025.00 100.00 100.00 200.00
Production Worker 1 14,030.42 100.00 100.00 200.00
Production Worker 2 14,030.42 100.00 100.00 200.00
Production Worker 3 14,030.42 100.00 100.00 200.00
Cashier 14,030.42 100.00 100.00 200.00

MONTHLY 185,235.99 1000.00 1000.00 2,000.00

Multiply by 12 12 12 12

YEARLY 2,222,831.84 12,000.00 12,000.00 24,000.00

King Inaamnam Company

148
 Schedule of Pag-IBIGContribution (2026)

Employer's Employee
Position Gross Pay Total
Share Share

Manager 30,691.54 100.00 100.00 200.00

Production Officer 23,325.57 100.00 100.00 200.00
Financial Officer 23,325.57 100.00 100.00 200.00
Administrative Officer 23,325.57 100.00 100.00 200.00
Marketing Officer 23,325.57 100.00 100.00 200.00
Delivery Personnel 11,576.25 100.00 100.00 200.00
Production Worker 1 14,731.94 100.00 100.00 200.00
Production Worker 2 14,731.94 100.00 100.00 200.00
Production Worker 3 14,731.94 100.00 100.00 200.00
Cashier 14,731.94 100.00 100.00 200.00

MONTHLY 194,497.79 1000.00 1000.00 2,000.00

Multiply by 12 12 12 12

YEARLY 2,333,973.43 12,000.00 12,000.00 24,000.00

King Inamnam Company

Schedule of Pag-IBIG Contribution (2027)

Employer's Employee
Position Gross Pay Total
Share Share

Manager 32,226.11 100.00 100.00 200.00

Production Officer 24,491.84 100.00 100.00 200.00
Financial Officer 24,491.84 100.00 100.00 200.00
Administrative Officer 24,491.84 100.00 100.00 200.00
Marketing Officer 24,491.84 100.00 100.00 200.00
Delivery Personnel 12,155.06 100.00 100.00 200.00
Production Worker 1 15,468.53 100.00 100.00 200.00
Production Worker 2 15,468.53 100.00 100.00 200.00
Production Worker 3 15,468.53 100.00 100.00 200.00
Cashier 15,468.53 100.00 100.00 200.00

MONTHLY 204,222.67 1000.00 1000.00 2,000.00

Multiply by 12 12 12 12

YEARLY 2,450,672.10 12,000.00 12,000.00 24,000.00

149
 King Inamnam Company
Schedule of 13th Month Pay Contribution (2023)

Position Employee Share

Manager 26,512.50
Production Officer 20,149.50
Financial Officer 20,149.50
Administrative Officer 20,149.50
Marketing Officer 20,149.50
Delivery Personnel 10,000.00
Production Worker 1 12,726.00
Production Worker 2 12,726.00
Production Worker 3 12,726.00
Cashier 12,726.00

MONTHLY 168,014.50

King Inamnam Company

Schedule of 13th Month Pay Contribution (2024)

Position Employee Share

Manager 27,838.13
Production Officer 21,156.98
Financial Officer 21,156.98
Administrative Officer 21,156.98
Marketing Officer 21,156.98
Delivery Personnel 10,500.00
Production Worker 1 13,362.30
Production Worker 2 13,362.30
Production Worker 3 13,362.30
Cashier 13,362.30

MONTHLY 176,415.23

King Inamnam Company

150
 Schedule of 13th Month Pay Contribution (2025)

Position Employee Share

Manager 29,230.03
Production Officer 22,214.82
Financial Officer 22,214.82
Administrative Officer 22,214.82
Marketing Officer 22,214.82
Delivery Personnel 11,025.00
Production Worker 1 14,030.42
Production Worker 2 14,030.42
Production Worker 3 14,030.42
Cashier 14,030.42

MONTHLY 185,235.99

King Inamnam Company

Schedule of 13th Month Pay Contribution (2026)

Position Employee Share

Manager 30,691.53
Production Officer 23,325.56
Financial Officer 23,325.56
Administrative Officer 23,325.56
Marketing Officer 23,325.56
Delivery Personnel 11,576.25
Production Worker 1 14,731.94
Production Worker 2 14,731.94
Production Worker 3 14,731.94
Cashier 14,731.94

MONTHLY 194,497.79

King Inamnam Company

151
 Schedule of 13th Month Pay Contribution (2027)

Position Employee Share

Manager 32,226.11
Production Officer 24,491.84
Financial Officer 24,491.84
Administrative Officer 24,491.84
Marketing Officer 24,491.84
Delivery Personnel 12,155.06
Production Worker 1 15,468.53
Production Worker 2 15,468.53
Production Worker 3 15,468.53
Cashier 15,468.53

MONTHLY 204,222.67

Table 5.9 Payroll

5.11 Projected Sales

Table 5.10 shows the projected sales of King Inamnam Company. This also

includes cost of finished goods inventory.

King Inamnam Company

PROJECTED SALES
2023 2024 2025 2026 2027
Beginning Inventory - 8,986.00 9,098.41 9,213.31 9,330.61

Add: Annual Production 72,000.00 75,600.00 79,380.00 83,349.00 87,516.45

capacity
Total 72,000.00 84,586.00 88,478.41 92,562.31 96,847.06
Less: Desired Ending 8,986.00 9,098.41 9,213.31 9,330.61 9,450.20
Inventory
Defective goods allowance 629.02 636.89 644.93 653.14 661.51
Total Goods available for sale 62,384.98 74,850.70 78,620.17 82,578.56 86,735.34
Multiply: Selling price/box 135.86 211.34 219.14 227.21 235.55

152
 PROJECTED SALES 8,475,891.93 15,819,128.69 17,228,987.06 18,762,398.32 20,430,328.91

Note: Desired Ending Inventory is expected to be 1% of the total inventory on hand before sales

Defective Goods is set to be 7% of total inventory on hand before sales

King Inamnam Company

COMPUTATION OF FINISHED GOODS INVENTORY
2023 2024 2025 2026 2027
Desired ending inv 8,986.00 9,098.41 9,213.31 9,330.61 9,450.20

Multiply: cost/pc 67.93 70.45 73.05 75.74 78.52

Finished Goods 610,438.32 640,960.24 673,008.25 706,658.66 741,991.59

Inventory

Table 5.10 Projected Sales

5.12 Schedule of Financial Statement Accounts

Table 5.11 shows the schedule of financial statement accounts of King Inamnam

Company. This includes: advertising, office supplies, production tools and supplies, and

bathroom and cleaning supplies expenses; income tax, schedule of PhilHealth, schedule

of SSS and EC, schedule of Pag-IBIG, and schedule of utilities payables; schedule of

withholding tax and accounts receivable.

King Inamnam Company

SCHEDULE OF FINANCIAL STATEMENT ACCOUNTS
Advertising Expense
2023 2024 2025 2026 2027

Advertising Cost 1,450.00 1,508.00 1,568.32 1,631.05 1,696.29

153
 Advertising Expense 1,450.00 1,508.00 1,568.32 1,631.05 1,696.29

Note: Advertising Expense is expected to increase by 4% yearly based on the Pre-Operation Advertisement .

Office Supplies Expense

2023 2024 2025 2026 2027
Add:
OS,Beg
23,790.00 25,693.20 27,748.66 29,968.55 32,366.03
OS, Purchased
1,903.20 2,055.46 2,219.89 2,397.48 2,589.28
Total OS
25,693.20 27,748.66 29,968.55 32,366.03 34,955.31
Less:
OS, End.
15,415.92 16,649.19 17,981.13 19,419.62 20,973.19
10,27 11,09 11,98 12,94 13,98
OS Expense
7.28 9.46 7.42 6.41 2.13

Note:

Office Supplies Purchased is 80% of Office Supplies Beginning.

Office Supplies End is 60% of Total Office Supplies.

Production Tools and Supplies Expense

2023 2024 2025 2026 2027
Add:
PT&S,Beg 8480 10176 12211.2 14653.44 17584.128
PT&S, Purchased 16960 20352 24422.4 29306.88 35168.256
Total PT&S 25440 30528 36633.6 43960.32 52752.384
Less:
PT&S, End 10176 12211.2 14653.44 17584.128 21100.9536
PT&S Expense 15264 18316.8 21980.16 26376.192 31651.4304

Note:

Production Tools and Supplies Purchased is 200% of Production Tools and Supplies Beginning.

Production Tools and Supplies End is 40% of Total Production Tools and Supplies.

Bathroom and Cleaning Supplies Expense

2023 2024 2025 2026 2027
Add:
B&CS,Beg 2570 3084 3700.8 4440.96 5329.152

154
 B&CS, Purchased 5140 6168 7401.6 8881.92 10658.304
Total B&CS 7710 9252 11102.4 13322.88 15987.456
Less:
B&CS, End 3084 3700.8 4440.96 5329.152 6394.9824
B&CS Expense 4626 5551.2 6661.44 7993.728 9592.4736

Note:

Bathroom and Cleaning Supplies Purchased is 200% of Bathroom and Cleaning Supplies Beginning.

Bathroom and Cleaning Supplies End is 40% of Total Bathroom and Cleaning Supplies.

Income Tax Payable (quarterly)

Year: 2023 2024 2025 2026 2027

Income Tax Expense 2,966,562.17 5,536,695.04 6,030,145.47 6,566,839.41 7,150,615.12

Divide: By quarter 4 4 4 4 4

Income Tax Payable 741,640.54 1,384,173.76 1,507,536.37 1,641,709.85 1,787,653.78

Schedule of PhilHealth Payable (monthly)

Year: 2023 2024 2025 2026 2027

PhilHealth Expense 45,363.92 52,924.57 55,570.80 58,349.34 61,266.80

Divide: no. of months/year 12 12 12 12 12

PhilHealth Payable 3,780.33 4,410.38 4,630.90 4,862.44 5,105.57

Schedule of SSS and EC Payable (monthly)

Year: 2023 2024 2025 2026 2027

SSS and EC Expense 90,727.83 95,264.22 111,141.59 116,698.67 122,533.60

Divide: no. of months/year 12 12 12 12 12

SSS and EC Payable 7,560.65 7,938.69 9,261.80 9,724.89 10,211.13

Schedule of Pag-IBIG Payable (monthly)

155
 Year: 2023 2024 2025 2026 2027

Pag-Ibig Expense 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00

Divide: no. of months/year 12 12 12 12 12

Pag-Ibig Payable 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00

Schedule of Withholding Tax (monthly)

Year: 2023 2024 2025 2026 2027

W. Tax Expense 10,223.16 14,942.04 25,063.56 35,691.60 46,851.48

Divide: no. of months/year 12 12 12 12 12

W. Tax Payable 851.93 1,245.17 2,088.63 2,974.30 3,904.29

Schedule of Accounts Receivable

Year: 2023 2024 2025 2026 2027

847,589.1 1,581,912.8 1,722,898.7 1,876,239.8 2,043,032.8

Accounts Receivable
9 7 1 3 9

Total Acct. Receivable 847,589.19 1,581,912.87 1,722,898.71 1,876,239.83 2,043,032.89

Note: Accounts Receivables is estimated to be 10% of Sales

Schedule of Utilities Payable (monthly)

Year: 2023 2024 2025 2026 2027

Electricity 5000 5250 5512.5 5788.125 6077.53125

Water Supply 1000 1050 1102.5 1157.625 1215.50625
Telephone and Internet 1500 1575 1653.75 1736.4375 1823.259375

156
 Utilities Expense 7500 7875 8268.75 8682.1875 9116.296875

Divide: no. of months/year 12 12 12 12 12

Utilities Payable 625 656.25 689.0625 723.515625 759.6914063

Table 5.11 Schedule of financial statement accounts

5.13 Schedule of Utilities

Table 5.12 shows the schedule of utilities used in King Inamnam Company. This

includes the estimated consumption cost of electricity, water, and telephone and internet

from 2023 to 2027.

King Inamnam Company

Schedule of Utilities 2023
Monthly Cost per Area
Total Cost
Utilities
Administrative
Production 70% Monthly Yearly
30%
Electricity 3500 1500 5000 60000
Water Supply 700 300 1000 12000
Telephone and Internet 0 1500 1500 18000

157
Total Monthly Cost 4200 3300 7500

Total Yearly Cost 50400 39600 90000 90000

Schedule of Utilities 2024

Monthly Cost per Area
Total Cost
Utilities
Administrative
Production 70% Monthly Yearly
30%
Electricity 3675 1575 5250 63000
Water Supply 735 315 1050 12600
Telephone and Internet 0 1575 1575 18900
Total Monthly Cost 4410 3465 7875

Total Yearly Cost 52920 41580 94500 94500

Schedule of Utilities 2025

Monthly Cost per Area
Total Cost
Utilities
Administrative
Production 70% Monthly Yearly
30%
Electricity 3858.75 1653.75 5512.5 66150

Water Supply 771.75 330.75 1102.5 13230

Telephone and Internet 0 1653.75 1653.75 19845
Total Monthly Cost 4630.5 3638.25 8268.75

Total Yearly Cost 55566 43659 99225 99225

Schedule of Utilities 2026

Utilities Monthly Cost per Area Total Cost

158
 Administrative
Production 70% Monthly Yearly
30%
Electricity 4051.6875 1736.4375 5788.13 69457.5

Water Supply 810.3375 347.2875 1157.63 13891.5

Telephone and Internet 0 1736.4375 1736.44 20837.3

Total Monthly Cost 4862.025 3820.1625 8682.19

Total Yearly Cost 58344.3 45841.95 104186 104186

Schedule of Utilities 2027

Monthly Cost per Area
Total Cost
Utilities
Administrative
Production 70% Monthly Yearly
30%
Electricity 4254.27 1823.26 6077.53 72930.4

Water Supply 850.85 364.66 1215.51 14586.1

Telephone and Internet 0 1823.26 1823.26 21879.1

Total Monthly Cost 5105.13 4011.17 9116.3

Total Yearly Cost 61261.52 48134.05 109396 109396

Table 5.12 Schedule of Utilities

5.14 Projected Statement of Comprehensive Income

Table 5.13 shows the projected statement of comprehensive income of King

Inamnam Company. This includes the sales, gross income, net income before tax, and net

income after tax.

King Inamnam Company

Projected Statement of Comprehensive Income
FOR THE YEARS ENDED DECEMBER 31
2023 2024 2025 2026 2027

Sales 8,475,891.93 15,819,128.69 17,228,987.06 18,762,398.32 20,430,328.91

159
 Less: Cost of Goods 4,280,676.65 5,295,307.40 5,766,451.46 6,278,831.77 6,836,106.02
Sold
Gross Profit 4,195,215.28 10,523,821.29 11,462,535.60 12,483,566.56 13,594,222.89

Less: Operating
Expenses
Salaries Expense 1,857,859.10 1,941,851.87 2,019,055.89 2,111,233.82 2,208,020.21
SSS and EC 90,727.83 95,264.22 111,141.59 116,698.67 122,533.60
Expense
Pag-IBIG Expense 12,000.00 12,000.00 12,000.00 12,000.00 12,000.00
PhilHealth 45,363.92 52,924.57 55,570.80 58,349.34 61,266.80
Expense
13th Month Pay 168,014.50 176,415.23 185,235.99 194,497.79 204,222.67
Utilities Expense 90000 94500 99225 104186.25 109395.5625
Advertising 1,450.00 1,508.00 1,568.32 1,631.05 1,696.29
Expense
Office Supplies 10,277.28 11,099.46 11,987.42 12,946.41 13,982.13
Expense
Bathroom and 4626 5551.2 6661.44 7993.728 9592.4736
Cleaning S.E
Depreciation 123,449.76 123,449.76 123,449.76 123,449.76 123,449.76
Expense
Total Operating Expenses 2,403,768.38 2,514,564.31 2,625,896.20 2,742,986.82 2,866,159.51

Net Income Before 1,791,446.90 8,009,256.98 8,836,639.40 9,740,579.74 10,728,063.3

Tax 8
Less: Income Tax 741,640.54 1,384,173.76 1,507,536.37 1,641,709.85 1,787,653.78

Net Income After Tax 1,049,806.36 6,625,083.22 7,329,103.03 8,098,869.89 8,940,409.60

Table 5.13 Projected Statement of Comprehensive Income

5.15 Projected Statement of Partners’ Equity

Table 5.14 shows the projected statement of partners’ equity of King Inamnam

Company. This includes beginning capital, net income, withdrawals, and ending capital

of partners from 2023 to 2027.

King Inamnam Company

PROJECTED STATEMENT OF PARTNERS’ EQUITY
FOR THE YEAR ENDED DECEMBER 31,2023
Ojeras, J.C., Punzalan, J., Ramos, G., Santos, Suing, J.M., Tapang, Ubor, J., Total
L.A., K.M.,

Capital Capital Capital Capital Capital Capital Capital

Capital, 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 7,000,000
Beginning
Add: Net 149,972.34 149,972.34 149,972.34 149,972.34 149,972.34 149,972.34 149,972.34 1,049,806.36

160
Income

Total 1,149,972 1,149,972 1,149,972 1,149,972 1,149,972 1,149,972 1,149,972 8,049,806

Less: 459988.934 459988.934 459988.934 459988.934 459988.934 459988.934 459988.934 3,219,923

Withdrawals 7 7 7 7 7 7 7
Capital, 689,983 689,983 689,983 689,983 689,983 689,983 689,983 4,829,884
Ending
King Inamnam Company
PROJECTED STATEMENT OF PARTNERS’ EQUITY
FOR THE YEAR ENDED DECEMBER 31,2024
Ojeras, J.C., Punzalan, J., Ramos, G., Santos, Suing, J.M., Tapang, Ubor, J., Total
L.A., K.M.,
Capital Capital Capital Capital Capital Capital Capital
Capital, 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 7,000,000
Beginning
Add: Net 946,440.46 946,440.46 946,440.46 946,440.46 946,440.46 946,440.46 946,440.46 6,625,083.22
Income

Total 1,946,440 1,946,440 1,946,440 1,946,440 1,946,440 1,946,440 1,946,440 13,625,083

Less: 778576.184 778576.184 778576.184 778576.184 778576.184 778576.184 778576.184 5,450,033

Withdrawals
Capital, 1,167,864 1,167,864 1,167,864 1,167,864 1,167,864 1,167,864 1,167,864 8,175,050
Ending

King Inamnam Company

PROJECTED STATEMENT OF PARTNERS’ EQUITY
FOR THE YEAR ENDED DECEMBER 31,2025
Ojeras, J.C., Punzalan, J., Ramos, G., Santos, L.A., Suing, J.M., Tapang, Ubor, J., Total
K.M.,
Capital Capital Capital Capital Capital Capital Capital
Capital, 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 7,000,000
Beginning
Add: Net 1,047,014.7 1,047,014 1,047,014. 1,047,014.7 1,047,014.7 1,047,014.7 7,329,103.0
Income 2 .72 72 2 2 1,047,014.72 2 3

Total 2,047,015 2,047,015 2,047,015 2,047,015 2,047,015 2,047,015 2,047,015 14,329,103

Less: 818805.89 818805.89 818805.89 818805.89 818805.89 818805.89 818805.89 5,731,641

Withdrawals
Capital, 1,228,209 1,228,209 1,228,209 1,228,209 1,228,209 1,228,209 1,228,209 8,597,462
Ending

King Inamnam Company

PROJECTED STATEMENT OF PARTNERS’ EQUITY
FOR THE YEAR ENDED DECEMBER 31,2026

Ojeras, J.C., Punzalan, J., Ramos, G., Santos, L.A., Suing, J.M., Tapang, Ubor, J., Total
K.M.,
Capital Capital Capital Capital Capital Capital Capital

Capital, 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 7,000,000

Beginning
Add: Net 1,156,981.41 1,156,981.41 1,156,981.4 1,156,981.41 1,156,981.41 1,156,981.41 1,156,981.41 8,098,869.89
Income 1

Total 2,156,981 2,156,981 2,156,981 2,156,981 2,156,981 2,156,981 2,156,981 15,098,870

Less: 862792.565 862792.565 862792.565 862792.565 862792.565 862792.565 862792.565 6,039,548

Withdrawals
Capital, 1,294,189 1,294,189 1,294,189 1,294,189 1,294,189 1,294,189 1,294,189 9,059,322
Ending

161
 King Inamnam Company
PROJECTED STATEMENT OF PARTNERS’ EQUITY
FOR THE YEAR ENDED DECEMBER 31,2027

Ojeras, J.C., Punzalan, J., Ramos, G., Santos, L.A., Suing, J.M., Tapang, Ubor, J., Total
K.M.,
Capital Capital Capital Capital Capital Capital Capital

Capital, 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 7,000,000

Beginning
Add: Net 1,277,201.37 1,277,201.37 1,277,201.37 1,277,201.37 1,277,201.37 1,277,201.3 1,277,201.37 8,940,409.60
Income 7

Total 2,277,201 2,277,201 2,277,201 2,277,201 2,277,201 2,277,201 2,277,201 15,940,410

Less: 910880.5486 910880.5486 910880.5486 910880.5486 910880.5486 910880.548 910880.5486 6,376,164

Withdrawals 6
Capital, 1,366,321 1,366,321 1,366,321 1,366,321 1,366,321 1,366,321 1,366,321 9,564,246
Ending

Table 5.14 Projected Statement of Partners’ equity

5.16 Projected Statement of Financial Position

Table 5.15 shows the projected statement of financial position of King Inamnam

Company. This includes assets, liabilities, and partners’ equity.

King Inamnam Company

PROJECTED STATEMENT OF FINANCIAL POSITIONS
AS OF DECEMBER 31
2023 2024 2025 2026 2027
Assets
Current Assets

Cash 3,855,541 3,894,096.41 3,933,037.3 3,972,367.75 4,012,091.43

7

162
 Accounts 847,589.19 1,581,912.87 1,722,898.7 1,876,239.83 2,043,032.89
Recievable 1
Inventories 610,438.32 640,960.24 673,008.25 706,658.66 741,991.59
Office Supplies 10,277.28 11,099.46 11,987.42 12,946.41 13,982.13
Production Tools 15264 18316.8 21980.16 26376.192 31,651.43
and Supplies
Bathroom and 4626 5551.2 6661.44 7993.728 9,592.47
Cleaning Supplies

Total Current Assets 4,109,768 6,151,937 6,369,573 6,602,583 6,852,342

Non-current Assets

Land 288,000 288,000 288,000 288,000 288,000

Appreciation (Land) 28800 28800 28800 28800 28800
Building 1,349,040 1,349,040 1,349,040 1,349,040 1,349,040
Accumulated (134904) (269808) (404712) (539616) (674520)
Depreciation (Bldg)
Production 1,134,874 1,134,874 1,134,874 1,134,874 1,134,874
Equipment
Accumalated (123,449.76) (246899.52) (370349.28) (493799.04) (617248.8)
Depreciation (PE)
Furnitures and 115,600.00 115,600.00 115,600.00 115,600.00 115,600.00
Fixtures
Accumalated (8008.37) (16016.75) (24025.12) (32033.49) (40041.87)
Depreciation (F&F)
Office Equipment 37,780 37,780 37,780 37,780 37,780
Accumalated (3,778) (7556) (11334) (15112) (18890)
Depreciation (OE)
Delivery Equipment 150,000 150,000 150,000 150,000 150,000
Accumalated (15000) (30000) (45000) (60000) (75000)
Depreciation (DE)
Total Non-Current 1,475,574 3,422,537 3,753,096 4,117,734 4,520,538
Assets

Total Assets 5,585,342 9,574,474 10,122,669 10,720,317 11,372,880

Liabilitie
s
Current Liabilities

Utilities Payable 625 656.25 689.0625 723.515625 759.6914063

Pag-IBIG Payable 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00

SSS and EC Payable 7,560.65 7,938.69 9,261.80 9,724.89 10,211.13
PhilHealth Payable 3,780.33 4,410.38 4,630.90 4,862.44 5,105.57
Income Tax Payable 741,640.54 1,384,173.76 1,507,536.3 1,641,709.85 1,787,653.78
7
Witholding Tax 851.93 1,245.17 2,088.63 2,974.30 3,904.29
Payable

Total Current 755458.45 1399424.25 1525206.76 1660995.00 1808634.46

Liabilities

Partners' Equity

Ojeras, John 689,983 1,167,864 1,228,209 1,294,189 1,366,321

Christopher Y.
Punzalan, Janelle M. 689,983 1,167,864 1,228,209 1,294,189 1,366,321

163
 Ramos, Gerald S. 689,983 1,167,864 1,228,209 1,294,189 1,366,321
Santos, Lemuel 689,983 1,167,864 1,228,209 1,294,189 1,366,321
Allen P.
Suing, Joseph 689,983 1,167,864 1,228,209 1,294,189 1,366,321
Miguel F.
Tapang, Kyla Marie 689,983 1,167,864 1,228,209 1,294,189 1,366,321
R.
Ubor, Joemer B. 689,983 1,167,864 1,228,209 1,294,189 1,366,321

Total Partner's 4,829,884 8,175,050 8,597,462 9,059,322 9,564,246

Equity

Total Liabilities and Partners' 5,585,342 9,574,474 10,122,669 10,720,317 11,372,880

Equity

Table 5.15 Projected Statement of Financial position

5.17 Financial Ratio Analysis

Table 5.16 shows the financial ratio analysis of King Inamnam Company. This

includes current ratio, quick ratio, total asset turnover, debt ratio, debt to equity, gross

profit margin, net profit margin, return on investment, and payback period.

King Inamnam Company

FINANCIAL RATIO ANALYSIS
2023 2024 2025 2026 2027

a.) Current Total Current 4,109,768. 6,151,936.98 6,369,573.35 6,602,582.57 6,852,341.94

164
 Ratio Assets
Total Current 755,458.45 1,399,424.25 1,525,206.76 1,660,995.00 1,808,634.46
Liabilities
= 5.44 4.40 4.18 3.98 3.79
b.) Quick Cash+Accoun 4,703,130.19 5,476,009.28 5,655,936.08 5,848,607.58 6,055,124.32
Ratio t Receivables
Total Current 755,458.45 1,399,424.25 1,525,206.76 1,660,995.00 1,808,634.46
Liabilities
= 6.23 3.91 3.71 3.52 3.35
c.) Total Sales 8,475,891.93 15,819,128.69 17,228,987.06 18,762,398.32 20,430,328.91
Asset Total Assets 5,590,668. 9,574,473.98 10,122,669.3 10,720,316.5 11,372,879.9
Turnover 5 7 4
= 1.52 1.65 1.70 1.75 1.80
d.) Debt Total 755,458.45 1,399,424.25 1,525,206.76 1,660,995.00 1,808,634.46
Ratio Liabilities
Total Assets 5,590,668. 9,574,473.98 10,122,669.35 10,720,316.57 11,372,879.94
= 0.14 0.15 0.15 0.15 0.16
e.) Debt to Total 755,458.45 1,399,424.25 1,525,206.76 1,660,995.00 1,808,634.46
Equity Liabilities
Total Partners' 4,829,883.81 8,175,049.93 8,597,461.82 9,059,321.93 9,564,245.76
Equity
= 0.16 0.17 0.18 0.18 0.19
f.) Gross Gross Profit 4,195,215.28 10,523,821.29 11,462,535.60 12,483,566.56 13,594,222.89
Profit Sales 8,475,891.93 15,819,128.69 17,228,987.06 18,762,398.32 20,430,328.91
Margin
= 0.49 0.67 0.67 0.67 0.67
g.) Net Net Income 1,049,806.36 6,625,083.22 7,329,103.03 8,098,869.89 8,940,409.60
Profit Sales 8,475,891.93 15,819,128.69 17,228,987.06 18,762,398.32 20,430,328.91
Margin
= 0.12 0.42 0.43 0.43 0.44
h.) Return Net Income 1,049,806.3 6,625,083.22 7,329,103.03 8,098,869.89 8,940,409.60
on 6
Investmen Total Asets 5,590,668. 9,574,473.98 10,122,669.3 10,720,316.5 11,372,879.9
t 5 7 4
= 0.19 0.69 0.72 0.76 0.79

i.)
Payback
Period

Net Income 1,049,806.36 6,625,083.22 7,329,103.03 8,098,869.89 8,940,409.60

Add: Depreciation and 150,236.13 150,236.13 150,236.13 150,236.13 150,236.13
Amortization
Annual Cash Flow 1,200,042.4 6,775,319.35 7,479,339.16 8,249,106.02 9,090,645.73
9

Year 0 1 2 3 4
Annual Cash 1,200,042.49 6,775,319.35 7,479,339.16 8,249,106.02
Flow
Invested Cash - 3,144,459.00 - 1,944,416.51 4,830,902.84 12,310,242.0 20,559,348.0
0 2
0
.29
Payback Period = 1.29 years

165
Note: The remaining invested cash in first year (Php 1,944,416.51) is divided by the annual cash flow in second year
(Php 6,775,319.35) to get the additional time (0.29 years) for the payback period .

Table 5.16 Financial ratio analysis

Conclusion

The company's main resource, cash, is scooped up by financial analysis. The

context of this study's uncovering implies that various aspects of the money or budget

allotted for a specific project are carefully examined. Costs and assets, for example, are

broken down broadly and accounted for in a clear manner.

A financial study is typically connected by fully comprehending all of its essential

components, which include costs and assets. These factors include gain, liquidity, and

166
stability. Additionally, the financial analysis plays a role in estimating the cost of a

project. In this situation, the project's proponents have calculated the project's cost by

entering all of their fixed assets and pre-operating expenses into an account. 3,144,459

is the total project cost that has been accounted for.

The financial study also includes a profitability analysis of the company. A

company's ability to turn a profit is referred to as profitability. A business makes a profit

when it deducts all costs that are directly related to the revenue it generates, such as costs

associated with producing a product, from the revenue it generates. These costs also

include any other costs associated with the operation of the business. The company

projected sales of 8,475,891.93 for the calendar year 2023. In addition to evaluating,

profitability involves estimating how long it will take for an investment to make back all

of its expenses. The ROI or payback period is the term used to describe it. The advocates

calculated that the payback period would be 1.29 years.

The primary purpose of this feasibility study component, when taking into

account all the financial study components, is capital budgeting. The more prudently a

company manages its capital budget, the more development it will produce.

167
 CHAPTER 6

Socio – Economic Study

The study of the connection between social behavior and economics is at the heart

of social economics, a field of social science and a subfield of economics.

Socioeconomics is another name for social economics (CFI Team, 2023). These factors

and aspects cover the following contribution; Economic Contribution, Social

Contribution, and Environmental Contribution.

168
 The socio-economic component of the study takes into account a variety of

aspects related to the current social and cultural norms as well as the economic standing

of the study area. The socio-economic study analyzes the population dynamics,

infrastructure resources, human health status, and economic factors like employment,

per-capita income, and industrial, agricultural, and trade growth in the study's

geographical region (Socio Economic Study Service, n.d.).

In addition to employing only the highest quality foods to satisfy the target

customers' cravings, King Inamnam Company will make every effort to maintain a

culture of discipline among its staff members and servers at all times. By doing this, the

company will have a positive impact on both the individual employees and the

community as a whole.

6.1 Economic Contribution

King Inamnam Co. is a company that has the potential to make an impact not just

on its competitors but also on the food industry. The company's mission and vision will

aid in achieving objectives and plans that will allow it to expand and open other

businesses in other locations. The firm will make certain to assist the community in

developing economies and improving those areas.

169
 King Inamnam Co. is a company that is growing and set up to provide a

cooperative contribution to the Philippine Development Plan 2023-2028 (PDP) of the

National Economic and Development Authority of the Philippines (NEDA PH). The PDP

2023-2028 is a plan for profound economic and social change to put the economy back

on a high-growth path while reviving job growth and accelerating the fight against

poverty. This development must be inclusive, creating a setting that offers all Filipinos

equal opportunity and empowering them with the knowledge and abilities to engage in a

dynamic and globally competitive economy fully. King Inamnam Co. contributes to the

economy by helping to solve social issues by maintaining and creating jobs, supporting

human resource development, and providing food that will satisfy the consumers.

Additionally, King Inamnam Co. guarantees its assistance and commitment to the

nation's plan for economic progress by carefully selecting affordable raw materials that

may subsequently manufacture affordable goods with reasonable pricing for the

consumer. The business exemplifies this move toward economic growth in a way that

will inspire more people and the community as a whole to seek out better lives.

6.2 Social Contribution

Filipinos can only live a stable, comfortable, and rooted life if society is safe from

harm and danger. This means that the business must address and provide a defense for the

safety and health of society. The creation of jobs that can lower the unemployment rate is

one of King Inamnam Co.'s contributions to society. Furthermore, it keeps its promise to

offer fresh, healthy products. Turonkit components also came from trusted suppliers to

170
safeguard public health. The King Inamnam Co. will help society by meeting the needs

and demands of individuals.

6.3 Environment Contribution

In addition to offering numerous health advantages, the company's main goal is to

satisfy its customers. King Inamnam Co. will carry on being an ethical business that

contributes significantly to the resolution of numerous environmental problems. The

company will create and uphold a structure that promotes teamwork. King Inamnam Co.

has ensured that the primary raw material used in the production of their product will

highlight the campaign to reduce solid waste. However, the organization will establish

and maintain a structure that encourages everyone to cooperate, and recycling and

separation will be implemented to be a part of the system. Waste management improves

both efficiency and security in this way.

Conclusion

The feasibility study's final section is this chapter. After researching the target

market, the necessary materials, labor, and financial factors, a benefit analysis of the

proposed business and product is presented. The term for this is socio-economic study. In

this study, the analysis is subdivided into three components—economic contribution,

social contribution, and environmental contribution.

171
 When it comes to the economic contribution, the Philippine Development Plan

(PDP), which is primarily focused on the country's economic growth, is in high favor

when it comes to Gross Domestic Product (GDP), which aims to contribute to the

economy of the nation. Through this, it will also be possible to create jobs that will help

Filipinos maintain a better standard of living. The business has ensured the safety and

protection of the public health of the proposed product through social contribution. The

product that the proponents will produce is made of solid waste, which is part of the

company's contribution to the environment. To maintain a clean and healthy

environment, proper waste management has also been put into place.

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APPENDICES

Appendix A

PART I. DEMOGRAPHIC PROFILE

Name (Optional): __________________ Age: ______________
PART II. SURVEY QUESTIONNAIRE
Instruction: Check the box that corresponds your answer.
1. Do you buy Turon?
 Yes
 No
2. Where do you usually buy Turon?
 Name of Store/s:
____________________________________________________________
____________
3. How much do you usually spend in buying Turon per unit?
 5 pesos per unit
 10 pesos per unit

180
  25 pesos per unit
 Others (please specify): _____________________
4. How often do you usually buy Turon product per unit?
 Once a day
 Once a week
 Twice a week
 Once a month
 Others (please specify): ______________________
5. Have you ever heard Turon made of Sticky rice or “malagkit”?
 Yes
 No

6. Are you willing to buy “Turonkit” – a sticky rice wrapped in lumpia wrapper with
add-ons of langka and ube?
 Yes
 No
Comment/Suggestions: ___________________________________________________

181