Report on

Masco Group

(Budget calculation of T-shirt printing department)

 Company profile

Introduction: Masco Industries Limited is totally committed to its products and customers
which has helped it grow from a knit fabric manufacturer to a composite and garment
manufacturer. Masco Industries Limited is a pioneer in introducing European technology in
knit fabric manufacturing in this country.
They started their journey at June 2001. Now Masco have one knitting factory, one dyeing
factory and two garment manufacturing units with capacity about (15 millions doz. of T-Shirt,
Polo Shirts, Shorts of all designs per day, they are in a position to serve the ultimate users to
their satisfaction. Masco may not be so big if the capacities are considered but our
commitment to quality and adaptability to the ever-changing customer demand is their
strength.
COMPANY DIRECTORY:

Management
1. Group Chairman                     : M. A. SABUR
2. Managing Director                  : AHMED ARIF BILLAH
3. Director                                   : MS. FAHIMA AKHTER
4. Director                                   : MS. FARHANA AKHTER
5. Director (Operations)              : ATM MAHBUBUL ALAM CHOWDHURY.

As a composite project, the enterprises have been organized in the following manner:
 Masco Group                                     : Corporate Head Office
 Masco Knitting Unit                         : Fabric Knitting – Project in operation.
 Masco Dyeing Unit                            : Fabric Dyeing – Projects in operation.
 Masco Washing Unit                         : Fabric washing – Projects in operation
 Masco Garments Unit-1                   : Garments Manufacturing

Location
The head office is located at a prestigious business area called Uttara which is near to the
Dhaka international Airport. 9th & 10th processes of the Yarn Dyeing & Flat Bed All over
Printing unit are located at Narsingdi and the projects are under implementation. Others
processes (2nd, 3rd, 4th, 5th & 6th) are located at Gazipura, Tongi which is only 7 kms North
from Dhaka International Airport.
 Head Office             : Masco Center
                                         House # 06, Road # 01, Sector # 03
                                         Jashimuddin Avenue, Uttara.
                                         Dhaka – 1230, Bangladesh.

 Factory                    : 221-223 Khartail, Shataish Road

                                         Tongi, Gazipur- 1712, Bangladesh
                                         Phone:  88-02-9813362, 9810790-91, 9815041-42
                                        Fax88-02-9810790
 Management System:

Section Strength

Staff worker Total

Administration 14 19 33

Accounts 3 0 3

Knitting 24 94 118

Dyeing 12 58 70

Finishing 9 70 79

Maintenance 14 21 35

Quality 16 13 29

Laboratory 9 2 11

Batch 3 25 28

Sample 4 0 4

Wash 7 7 14

Chemical store 4 5 9

Security 7 15 22

Yarn dyeing 6 8 14

Mudafa printing 4 3 7

G. Total 141 365 506

 Printing department for T-shirt

Our main purpose is cost or budget calculation or show T-shirt printing department.

It is deep pasting one color T-shirt

It is two color high pasting T-shirt

 Following are the different qualities of yarn that are used for printing process:

SL.No Yarn composition Count

24/1 Ne

26/1 Ne

28/1 Ne

30/1 Ne
1
32/1 Ne

34/1 Ne

40/1 Ne

60/1 Ne

2. Lycra 20 Denier

40 Denier

3. Grey Mellange(95% Cotton 15% 26/1 Ne

  Viscose)
28/1 Ne

30/1 Ne

34/1 Ne

40/1 Ne

4. Polyester 75 Denier

150 Denier

5. CVC(60%Cotton 40% Polyester) 20/1 Ne

24/1 Ne

26/1 Ne

28/1 Ne

30/1 Ne
 32/1 Ne

34/1 Ne

40/1 Ne

6. Dyed Yarn 20/1 Ne

24/1 Ne

26/1 Ne

28/1 Ne

30/1 Ne

32/1 Ne

34/1 Ne

40/1 Ne

60/1 Ne

Printing Budget 2017-2018

Income Total Pcs Total Value
 Sales    816,791    19,379,814 Accessories       3,664,357 18.91%
      Factory Rent           390,000 2.01%

    Salary           504,979 2.61%

    Wages       1,574,850 8.13%

 
    OT           666,136 3.44%

    Utility       1,802,543 9.30%

      Bonus             75,000 0.39%

      Earn Leave             63,290 0.33%

      Printing & stationery             22,729 0.12%

      Commercial Cost           387,596 2.00%

Travelling &                      
      0.00%
Conveyance -  
                     
      Machine R & M 0.00%
-  
                     
      Insurance 0.00%
-  
              
      Carring Charges 0.03%
5,622
                     
      Licenses & Renewal 0.00%
-  
      Installment     10,818,522 55.82%

      Other Expenses           747,780 3.86%

      Depreciation       7,908,188 40.81%

      Total Exp.     28,631,593 147.74%

      Surplus/(Deficit)     (9,251,779) -47.74%

Total    816,791    19,379,814 Total     19,379,814 100.00%

   
Cash Flow Total
Depreciation       7,908,188 40.81%
Total Gain ( Deficit)     (9,251,779) -47.74%
Total Cash Flow     (1,343,591) -6.93%
 Production & Revenue Budget 2017-2018

1. Revenue Budget:

The formula is in following

(Budgeted production or purchase) = (Target ending inventory) + (Budgeted sales or materials

used)-(Beginning inventory)

Masco Printing & Embroidery

Revenue Budget for 2017-2018

Units Price Total

Single color 70000 125 8750000

Double color 50000 270 1350000
Four color 30500 280 8540000
Budgeted Revenue 18640000

2. Production Budget:

Single color Double color Four color

Budgeted sales in 70000 50000 30500
units 12000 15000 7000
(Add) Target finished
goods inventories,
March 31
Total requirements 82000 65000 37500
(Deduct) Finished (10000) (13000) (8000)
goods inventories

Units to be produced 72000 52000 29500

3. Direct Materials Purchases Budget:
Single color Double Color Four color
Direct materials to be 465,000 253,000 41,000
used in production
Add target ending 36,000 32,000 7,000
inventories, December
31, 2017
Deduct beginning 32,000 29,000 6,000
inventories, January 1,
2017
Direct materials to be 469,000 256,000 42,000
purchased (units)

4. Direct Manufacturing Labor Budget:

Budgeted Direct Total Hour Rate per Total
production(units) manufacturin Hour
g lobor-hours
per Unit
Single Color 65,000 2 130,000 $12 $1560000
Double 41000 3 123000 16 1968000
Color
Four Color 30000 4 120000 12 1440000
Total $4968000

Chart Showing Elements printing Cost

1. Direct Expenses:

• Direct Material

• Direct Labor

• Direct Expenses

2. Works or Factory Overhead e.g.

Indirect Material

Indirect Labor

Indirect Expenses Incurred in the factory

3. Office & Administrative Overhead, e.g.

Salaries of Office Staffs, Accounts etc.

Office Rent, Rates & Taxes

Office Supplies & Expenses

Postage, Stationery, & Telephone Bills etc.

4. Selling & Distribution Overhead e.g.

Salaries & Commissions of Sales

Manager, Salesmen & Sales Staffs

For color T-shirt printing cost and price level

Here we should calculate 500000 pices four color T-shirt printing cost and profit level:
From the following information, Masco group Calculate the works cost and the total cost of
printing , and then show the percentage that the works overhead cost bears to direct wages and
the establishment and general charge bear to the works cost:

Taka

Raw Materials Used

7, 00, 000

Direct Wages
5, 54, 000

Work Overhead Expenditure 1, 62, 000

Establishment and general Charges 1, 12, 000

On the basis of above figure what price should the undertaking quote to manufacture a product
which will require an expenditure of Tk. 7, 200 on Material Cost, Tk. 6, 000 in wages so as to
yield a profit of 10% on the sale price.
 Conclusion

 What special in this report is that the information, data & description very much subjective &
practical. So, one can easily have an idea about the whole printing unit of Masco T-shirt at a
single look on it.
     For the eight weeks we gave our full effort to collect the available information and tried to
learn about factory management system. This industrial training program is a big boost for us
to deal our professional life in the near future.