Lesson in TLE 6 about enhancing and decorating products

1. Demonstrates an
understanding of
knowledge and skills in
enhancing/decorating
products as an
alternative source of
income

2. Capital
Expenses
Gain

3. Have you tried to
earn money by
selling a product?
What is that
product?

4. Vocabulary:
Selling price
The actual final price of a
product or service that
company charges a
purchaser to buy the item.

6. Study the following chart
Project Pieces
Cost
of
Materials
Labor
Selling
Price
Possible
income
bracelet 10 Php 60.00 Php
30.00
What is the item listed in the chart?
If you were to sell the item, what will
be the price per piece?

7. What are the steps in
computing the selling
price?

8. Steps on how to get the selling price
and the possible income:
Project: BEADED BRACELET
1. Add all the cost of materials plus
cost labor to get the unit cost for
each bracelet.
Materials - Php 60.00
Labor (per piece) - 30.00
Total (unit cost) - Php 90.00

9. 2. Count how many beaded bracelets
were made. Multiply this with total cost
of materials plus labor to get your
capital.
Php 90.00 unit cost
X 10 no. of
pieces
Php 900.00 capital

10. 3. Now, multiply the unit cost by 20%
for mark up purposes.
Php 90.00 unit cost
X .20
Php 18.00 mark up price

11. 4. Add the mark up to your unit price
to get the selling price of each item.
Php 90.00 unit cost
+ 18.00 mark up price
Php 108.00 selling price

12. Business income
Revenue
Expense

13. Business Income
- is the amount of gain
earned from a sale of a service
and/ or product after deducting
all incidental expenses incurred
by the business.

14. Revenue
is the amount of money
received (or to be received) in
exchange for product and/or
services provided and sold.
Revenue includes gross
receipts on the sale of service –
or gross sale of product.

15. Expense
is the amount of money paid (or
to be paid) in exchange for product
and/ or service received and
purchased. Sample expenses include
inventory purchases, salary and
wages, transportation, advertising,
electric and water bills, communication,
professional fees, etc.

16. Steps in computing Business
Income:
1. Identify all the products
and/or services sold in a
given period and then total
the amount. The total
represents the revenue.

17. 2. Identify all the cost you
pay in order to operate your
business in the same given
period. The total represents
your total expenses.

18. 3. To compute your business
income, subtract your total
expenses against your total
revenue.

19. Group Activity:
Compute the selling price &
possible income
**use 20% as mark-up price
1. Materials - Php45.00
Labor - Php15 .00
2. Materials - Php 120.00
Labor - Php 65.00
3. Materials - Php 85.00
Labor - Php 23.00

20. Seat work:
Compute the selling price &
possible income
**use 20% as mark-up price
1. Project : Shoe Rack
Pieces : 4
Cost of Materials:
Php 180.00
Selling Price?
Possible Income?

21. Your uncle put up a bracelet
business, he’s just guessing the
price for each item.
What will be the consequence of
his action? What will you do?
In order to get the selling price of
your selected project, what are you
going to do?

22. What are the steps in
getting the selling price
and income?

23. Multiple Choices. Write the letter of
the correct answer.
1. To compute the unit ______ of
each finished article, add the cost
of materials and cost of labor.
a. Cost b. Earned
c. Gain d. Revenue

24. 2. The sum of mark-up price and
capital is the _____________.
a. Revenue b. Selling price
c. Expenses d. Inventory
3. This refers to the amount of gain
earned from a sale or
service/product sold.
a. Revenue b. Selling price
c. Expenses d. Income

25. 4. Refers to the amount of money
received in exchanged for the
product sold.
a. Revenue b. Selling price
c. Expenses d. Income
5. Refers to the amount of money
paid in exchanged for product
received and purchased.
a. Revenue b. Selling price
c. Expenses d. Income

26. Assignment:
Think of a project. List down
your capital, labor needed and
possible expenses. Compute
your profit and report to the
class.