6. Questions:
*What can you say
about the picture?
*What can you say
about the statements
in the picture?
7. Questions:
*Do you think the store
owners in the picture are
gaining?
*What can store owners
and businessmen know if
they are gaining or not?
8. The success and failure of a business
depends on the management of the
cost and expenses.
*Cost refers to expenses incurred in the production
and operation of the business.
*Production expenses include cost of materials and
other supplements.
*To determine the selling price:
*Add the cost of production and cost of operation.
*Then, add the mark-up price which represents your
income.
9. Example:
*Selling price of a household
linen
*Cost of production - ₱ 50.00
*Mark-up price – 50% of the
cost
*Answer: ₱ 75.00
10. The success and failure of a business
depends on the management of the
cost and expenses.
*To determine the income for the month:
* Deduct gross sales from total expenses.
*The inventory gives a detailed description on the
household linens sold.
*It is important to keep a record of all information or
data on production and sale of the different products.
*The data will help in determining whether the items
are saleable or not and whether the business is gaining
or losing.
11. Example:
*Income for the month of
August
*Gross sales for the month of
August - ₱ 25, 000.00
*Total expenses - ₱ 10, 000.00
*Answer: ₱ 15, 000.00
15. Group Work:
Each group will present a short
dramatization on managing the
cost and expenses of a store
and on conducting an
inventory.
16. Group Work:
Rubrics
Points
10 The message of the dramatization is clear, well
presented, done with cooperation.
8 The message of the dramatization is clear, not well
presented, done with cooperation.
6 The message of the dramatization is not clear, well
presented, done with cooperation.
4 The message of the dramatization is not clear, not
well presented, with little cooperation.
2 No dramatization at all.
17. Application:
*Solve. Show your solution.
*Selling price of a household linen
*Cost of production - ₱ 30.00
*Mark-up price – 50% of the cost
*Answer:
*Income for the month of July
*Gross sales for the month of July - ₱ 30, 500.00
*Total expenses - ₱ 18, 900.00
*Answer:________
18. Assignment:
*Do the following:
*Interview two (2) store owners in your area.
*Ask the following questions:
*What are the saleable products in your
store?
*What did you do to the items that are not
saleable?
*Do you keep a record of your sales?
*Is your store gaining or losing?