A feasibility study on Hamp Me

• Main Authors: Almendras, Adrianne B., Chu, Jon Nicasio G., Chua, Nicole Francine Ariadne C., Del Mundo, Rhia Elizabeth V., Gonzalez, Eugenio Guillermo S., Gutierrez, Krishna Marie V., Santos, Katrina R., Silao, Benedick A., Sison, Jose C., 1938, Valdecantos, Gene Ian C.
• Format: text
• Language: English
• Published: Animo Repository 1999
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/17018
• Institution: De La Salle University

Hampers, Inc. is a manufacturing firm of Hamp Me-a hamper primarily used for the storage of dirty laundry. It is an innovative product whose birth originated from the various ideas from other similar products having the same purpose. Hamp Me is the first of its kind in the market having a sturdy X-form skeletal framework made of quality aluminum square tubes and flat bars. The corporation ensures the product's durability. Its laundry bag made up of katsa cloth is detachable from the skeletal frame work transforming into a backpack for ease in carrying to the laundry or wash area. An added feature for he consumers is that the skeletal framework is available in different colors to match the off-white color of the katsa cloth. A total capitalization of P 30,000.00 was paid by the 10 incorporators in order to serve as starting capital for the operations of the company. This is also the amount required for corporations by the Securities and Exchange Commission (SEC). In addition to this, a 25% subscription has to be initially paid-up by the incorporators. The assembly line method was the kind of production process adopted by Hampers, Inc. believing that it would best lead to the achievement of optimal production. Computations regarding production costs per unit were done. The break-even point is 4 units per month with an amount of P 1369.57. With the results computed above, the company is profitable enough to cover all its expenses. Based on the market study of the product, results indicated a monthly demand of 186.60 and a market share of 21.44%. For the hypothesis testing, a true value of 70.18% was computed as the product's market acceptability. The projected sale for the first month is 28 units with an ending inventory of 12 units. Then a sale of 40 units will normalize for the succeeding months except the month when no production is done. Only the remaining 12 units on September are to be sold. The cost plus, demand based and competition based pricing were used. A 26.97% mark up was used and came up with a selling price of four hundred pesos per unit (Php 400). The financial analysis on the other hand showed favorable results since a gross profit of 28.81% was derived while a net profit of 24% was realized. Moreover, there will be a positive return on investment. With all the results thereof, the proponents have concluded that they will pursue the proposed projects since the proponents have faith and confidence that the project will flourish.