Hello,

I am doing a project and I am having a hard time analyzing some charts.

		COLLARS		LEASHES		HARNESSES
	Sales Price	$ 24.00		$ 26.00		$ 30.00
	Fixed Costs	$ 4,028		$ 4,028		$ 4,202
	Contribution Margin	$ 14.90		$ 13.90		$ 15.40
	Break-Even Units (round up)	270.36		289.81		272.84
	Target Profit	$ 300.00		$ 400.00		$ 500.00
	Break-Even Units (round up)	290.49		318.59		305.30
	Target Profit	$ 500.00		$ 600.00		$ 650.00
	Break-Even Units (round up)	303.91		332.97		315.04

[Specify the break-even points you determined for achieving different target profit levels. Then, explain and defend the target profits you selected for each area of your business. Be sure to reference your cost-volume-profit analysis in your defense.]

Total Revenue:		$ 38,600.00
Cost of goods sold		$ 28,258.33
Gross profit		$ 10,341.67
Expenses:
General and administrative salaries	$ 2,450.00
Depreciation	$ 165.00
Rent	$ 750.00
Utilities and insurance	$ 600.00
Scissors, thread, and cording	$ 1,200.00
Loan	$ 550.00
Total Expenses		$ 5,715.00
Net Income/Loss		$ 4,626.67

[Based on your income statement, logically interpret the business's performance against the provided benchmarks. Did the company do as well as expected? Explain what happened.]

Data for Variance Analysis:
	Budgeted (Standard) Hours/Qty	Budgeted (Standard) Rate	Actual Hours/Qty	Actual Rate
Labor	160	$ 16.00	180	$ 16.50
Materials	500	$ 9.10	560	$ 10.00
Variances for Collar Sales
			Variance	Favorable/ Unfavorable
Direct Labor Time Variance
(Actual Hours - Standard Hours) x Standard Rate		$ 320.00	Unfavorable
Direct Labor Rate Variance
(Actual Rate - Standard Rate) x Actual Hours		$ 90.00	Unfavorable
Direct Materials Quantity/Efficiency Variance
(Actual Quantity - Standard Quantity) x Standard Price	$ 546.00	Unfavorable
Direct Materials Price Variance
(Actual Price - Standard Price) x Actual Quantity		$ 504.00	Unfavorable

[Illustrate the variances observed between the planned and actual values for the direct labor time and the direct materials price for collars. What changed?]

The questions I need to answer are under each chart. I would like to someone to help me understand how to read them.