Can you verify if I completed this correctly?

For 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 D Consumed 2015 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 cast 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 Number of Items Sold per Price Day Collars $20 33 $24 $28 23 Leashes $22 28 $26 530 Harnesse $25 25 $30 22 $35 20 The other costs incurred by the business include: General and administrative salaries Receptionist: $1,950 D Owner salary: $500 Depreciation: $165 Rent: $750 Utilities and insurance: $600 Scissors, thread, and cording: $1,200 Loan repayment: $550Milestone Three - Statement of Cost of Goods Sold Beginning Work in Process Inventory Direct Materials: Materials: Beginning 0 Add: Purchases for month of January S 20,000 Materials available for use 20,000 Deduct: Ending materials 4,000 Materials Used S 16,000 Direct Labor 8,493.33 Overhead 3,765 Total Costs 28,258.33 Deduct: Ending Work in Process Inventory Cost of Goods Sold 28,258.33Milestone Three - Income Statement Revenue: Collars 13,200 Leashes 12,320 Harnesses 12,500 S 38,020 Cost of goods sold 28,258.33 Gross profit 9,761.67 Expenses: General and administrative salaries 2,450 Depreciation 165 Rent 750 Utilities and insurance 600 Scissors, thread, and cording 5 1,200.00 Loan 550 Total Expenses $ 5,715.00 Net Income/Loss S 4,046.67Milestone Three - Variance Analysis Data for Variance Analysis: Budgeted Budgeted Actual Actual [Standard) (Standard) HoursIQty Rate HoursIQty Rate Labor 40 $ 16.00 45 $ 16.50 Materials 165 $ 9. 10 180 $ 10.00 Variances for Collar Sales Favorablel Variance Unfavorable Direct Labor Time Variance [Actual Hours - Standard Hours) : Standard Rate $ 80.00 Unfavorable Direct Labor Rate Variance [Actual Rate - Standard Rate) : Actual Hours 22.50 Unfavorable Direct Materials Quantity/Efficiency Variance [Actual Quantity - Standard Quantity) : Standard Price 136.50 Favorable Direct Materials Price Variance (Actual Price - Standard Price) & Actual Quantity 162.00 Unfavorable