Please help me see where i went wrong and show a step by step explanation

NEEDS CORRECTION:

Milestone Three - Income Statement Revenue: Collars S 12,880 Leashes 10,800 Harnesses 14,000 Total Revenue: 37,680 Cost of goods sold 28,258.33 Gross profit S 9,421.67 Expenses: General and administrative salaries 2,450 Depreciation 165.00 Rent 750.00 Utilities and insurance 600.00 Scissors, thread, and cording 1,200.00 Loan 550.00 otal Expenses S 5,715.00 Net Income/Loss S 3,706.67Data for Variance Analysis: Budgeted Budgeted Actual Actual (Standard) (Standard) Hours/Qty Rate Hours/Qty Rate Labor 173 1 $ 16.00 195 S 16.50 A B Materials 460 S 9.10 520 S 10.00 C D Variances for Collar Sales Favorable/ Variance Unfavorable Direct Labor Time Variance (Actual Hours - Standard Hours) x Standard Rate S 346.72 Unfavorable Direct Labor Rate Variance (Actual Rate - Standard Rate) x Actual Hours S 97.50 Unfavorable Direct Materials Quantity/Efficiency Variance (Actual Quantity - Standard Quantity) x Standard Price S 546.00 Unfavorable Direct Materials Price Variance (Actual Price - Standard Price) x Actual Quantity S 468.00 UnfavorableA This should be the number of hours per day we estimated the collar maker would work per day times the 20 days B This is the actual hours per day the collar maker worked (from M3 appendix) times 20 days C Materials would be our estimated # of sales per day in M2, times the 20 days. D The actual materials would be the number of units we did sell per day (same as you used for the income statement) times the 20 days. To check this, it should be 60 units more than the budget. Check these amounts once you fix the aboveMilestone Two - Break-Even Analysis COLLARS LEASHES HARNESSES Sales Price S 28.00 S 30.00 S 35.00 Fixed Costs S 4,028.33 S 4,028.33 S 4,201.67 Contribution Margin S 18.90 S 17.90 S 20.40 Break-Even Units (round up) 214 226 206 Target Profit S 300.00 S 400.00 S 500.00 Break-Even Units (round up) 230 248 231 Target Profit S 500.00 S 600.00 S 650.00 Break-Even Units (round up) 240 259 238Milestone Two - Contribution Margin Analysis COLLARS LEASHES HARNESSES Sales Price per Unit S 28.00 S 30.00 S 35.00 Variable Cost per Unit 9.10 12.10 14.60 Contribution Margin S 18.90 S 17.90 S 20.40snhu Variance At the end of the month, you find that the labor and materials spent on manufacturing collars was different from what you estimated: The collar maker had to work nine hours a day instead of eight due to an increased demand for collars. Because of the increased demand, the hourly rate you paid your employee for making the collars increased to $16.50. An increase in the cost of raw material led the direct material cost per collar to increase to $10. However, you also made and sold 60 more collars than you expected to sell in the month. You now need to determine the variance in the materials and labor cost from what you estimated in Milestone Two based on the market research data.Harnesses Item Variable Cost/Item Item Fixed Costs High-tensile strength nylon webbing 6.00 Harness maker's salary 2,946.67 Polyesterylon ribbons 4.50 Depreciation on sewing machines 55.00 Buckles made of cast hardware 4.00 Rent 250.00 Price tags 0.10 Utilities and insurance 200.00 Scissors, thread, and cording 400.00 Loan 183.33 Salary to self 166.67 Total Variable Costs per Harness S 14.60 Total Fixed Costs S 4,201.67Collars Item Variable Cost/Item Item Fixed Costs High-tensile strength nylon webbing 4.00 Collar maker's salary (monthly) 2,773.33 Polyesterylon ribbons 3.00 Depreciation on sewing machines 55.00 Buckles made of cast hardware 2.00 Rent 250.00 Price tags 0.10 Utilities and insurance 200.00 Scissors, thread, and cording 400.00 Loan payment 183.33 Salary to self 166.67 Total Variable Costs per Collar $ 9.10 Total Fixed Costs $ 4,028.33 Leashes Item Variable Cost/Item Item Fixed Costs High-tensile strength nylon webbing 6.00 Leash maker's salary (monthly) 2,773.33 Polyesterylon ribbons 4.50 Depreciation on sewing machines 55.00 Buckles made of cast hardware 1.50 Rent 250.00 Price tags 0.10 Utilities and insurance 200.00 Scissors, thread, and cording 400.00 Loan payment 183.33 Salary to self 166.67 Total Variable Costs per Leash S 12.10 Total Fixed Costs $ 4,028.33For your statement of cost of goods sold, use the following data regarding the actual costs incurred by the business over the past month: . Materials purchased: $20,000 o Consumed 80% of the purchased materials Direct labor: $8,493.33 Overhead costs: $3,765 Note: Assume that the beginning materials and ending work in process are zero for the month. Use the following revenue and cost information for the income statement. Note that the revenue you use will depend on the pricing level options you chose in Milestone Two. Also, assume that after accounting for weekends and other holidays, there were 20 business days in the first month of operation. For example, if you chose a sales price of $20 per collar, the actual number of collars sold in the month was 33 per day or 33 x 20 = 660 per month. Established Sales Price Number of Items Sold per Day Collars $20 33 $24 28 $28 Leashes $22 28 $26 23 $30 18 Harnesses $25 25 $30 22 535 20 The other costs incurred by the business include: . Generaland administrative salaries o Receptionist: $1,950 o Owner salary: $500 Depreciation: $165 Rent: $750 Utilities and insurance: $600 Scissors, thread, and cording: $1,200 Loan repayment: $550