Hi,

I'm taking an accounting class and I'm working on a worksheet and I'm not sure if I categorized my data correctly. I have screen shots attached I'm just look for some pointers so I can see what I did wrong. I appreciate any feedback you can give me.

Thank you for your time! :)

AutoSave On ACC 202 Project Workbook (... - Saved . Search Racheal Carles RC X File Home Insert Draw Page Layout Formulas Data Review View Help Share Comments B10 X V fic 9 A B C D E F G H J K L M N O 1 Milestone One - Variable and Fixed Costs Collars Item Variable Cost/Item Item Fixed Costs 9 High-tensile strength nylon webbing 4.00 Collar maker's salary (monthly) 2,773.33 10 Polyesterylon ribbons 9.00 Depreciation on sewing machines 165.00 11 Buckles made of cast hardware 0.50 Rent 750.00 12 Price tags 0.10 Utilities and insurance 600.00 13 Scissors, thread, and cording 1,200.00 14 Loan payment 183.33 15 Salary to self 166.67 16 17 19 Total Variable Costs per Collar $ 13.60 Total Fixed Costs $ 5,868.33 20 22 23 Leashes 25 Item Variable Cost/Item Item Fixed Costs 27 High-tensile strength nylon webbing 12.00 Leash maker's salary (monthly) 2,560.00 28 Polyesterylon ribbons 9.00 Depreciation on sewing machines 165.00 to to to to 29 Buckles made of cast hardware 0.50 Rent 750.00 30 Price tags 0.10 Utilities and insurance 600.00 31 Scissors, thread, and cording 1,200.00 32 Loan payment 550.00 33 Salary to self 500.00 34 35 Cost Classification Variable and Fixed Costs Contribution Margin Analysis Break-Even Analysis COGS Income Statement Variances + Ready + 100% 10:23 AM Type here to search O W ? 63.F Sunny A 9/7/2021AutoSave On . ACC 202 Project Workbook (... - Saved . Search Racheal Carles RC X Draw Page Layout Formulas Data Review View Help Share Comments File Home Insert B10 X V 9 B C D E F G H J K L M N O A 23 Leashes 25 Item Variable Cost/Item Item Fixed Costs 27 High-tensile strength nylon webbing 12.00 Leash maker's salary (monthly) 2,560.00 28 Polyesterylon ribbons 9.00 Depreciation on sewing machines 165.00 to to to to 29 Buckles made of cast hardware 0.50 Rent 750.00 30 Price tags 0.10 Utilities and insurance 600.00 31 Scissors, thread, and cording 1,200.00 32 Loan payment 550.00 33 Salary to self 500.00 34 35 36 38 Total Variable Costs per Leash $ 912.60 Total Fixed Costs $ 6,325.00 $ 6,325.00 39 41 42 Harnesses 44 Item Variable Cost/Item Item Fixed Costs 46 High-tensile strength nylon webbing 12.00 Harness maker's salary 5,960.00 47 Polyesterylon ribbons 9.00 Depreciation on sewing machines 165.00 to to to to 48 Buckles made of cast hardware 0.50 Rent 750.00 49 Price tags 0.10 Utilities and insurance 600.00 50 Scissors, thread, and cording 1,200.00 51 Loan 550.00 52 Salary to self 500.00 53 54 OneDrive X 55 57 Total Variable Costs per Harness $ 21.60 Total Fixed Costs $ 10,725.00 Screenshot saved 58 The screenshot was added to your OneDrive. Cost Classification Variable and Fixed Costs Contribution Margin Analysis Break-Even Analysis COGS Income Statement Va Ready 10:23 AM Type here to search O W ? 63'F Sunny 9/7/2021AutoSave On ACC 202 Milestone One Operational Costs Data Appendix - Last Modified: Thu at 7:26 PM - LO Racheal Carles RC X File Home Insert Draw Design Layout References Mailings Review View Help Share Comments You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You have found a workshop space you can use for sewing your products. After some research and planning, you have estimates for the various operating costs for your business. The total square footage for the sewing rooms is 1,500 square feet broken into three areas (500 square feet each). You have taken out a loan for start-up costs, and the monthly payment is $550; it goes into effect immediately and should be accounted for in your costs. You will also collect a modest salary for the first year of $500 per month; remember to divide evenly among the services. Salary and Hiring Data One collar maker, who will be paid $16.00 per hour and work 40 hours per week One leash maker, who will be paid $16.00 per hour and work 40 hours per week One harness maker, who will be paid $17.00 per hour and work 40 hours per week One receptionist, who will be paid $15.00 per hour and work 30 hours per week Other Costs . Rent: $750 per month; allocate based on square footage High-tensile strength nylon webbing-$12 per yard of webbing 0 3 collars per yard of webbing o 2 leashes per yard of webbing 2 harnesses per yard of webbing Polyesterylon ribbons-$9 per yard of ribbon 3 collars per yard of webbing 2 leashes per yard of webbing 2 harnesses per yard of webbing Buckles made of cast hardware-$0.50 per buckle 0 4 buckles used per collar 3 buckles used per leash o 8 buckles used per harness 3 industrial sewing machines at $3,300 each for a total of $9,900; depreciation is $165 per month (5- year life) Utilities and insurance: $600 per month; allocate based on square footage Scissors, thread, cording: $1,200 Price tags: $250 for 2,500 ($0.10 each) Office supplies: $2,400 or $200 per month Other business equipment: $2,000 Loan payment of $550 per month Salary drawn of $500 per month Page 1 of 1 347 words [ [ Focus + 90% Type here to search O X 10:28 AM W ? 65 F Sunny 9/7/2021AutoSave On ACC 202 Project Workbook (... - Saved . Search Racheal Carles RC X File Home Insert Draw Page Layout Formulas Data Review View Help Share Comments E19 X V X A B C D E F G H J K L M N 0 P 4 5 INSTRUCTIONS: Putting an X in the appropriate spot, classify the costs as: Direct Material, Direct Labor, Overhead, or Period Costs. 7 The Fixed and Variable cost classifications have been provided for you. 8 Direct Direct 9 Item/Cost Material Labor Overhead Period Costs Fixed Variable - . . ... 12 Salary - Collar maker X X - . . ... 13 Salary - Leash maker X -....." 14 Salary - Harness maker X 15 Salary - Receptionist 16 High-tensile strength nylon webbing X X 17 Polyesterylon ribbons X - . . . .." 18 Buckles made of cast hardware X X - . . . . . . . 19 Depreciation on sewing machines X - . . . .. 20 Rent X 21 Utilities and insurance X 22 Scissors, thread, and cording X X 23 Price tags X 24 Office supplies X - -..... 25 Oter business equipment 26 Loan payment X - - . . . . . . . .- - . . . . . ...- 27 Salary to self X . . . . .. 28 29 30 Cost Classification Variable and Fixed Costs Contribution Margin Analysis Break-Even Analysis COGS Income Statement Variances (+ Ready + 90% 10:35 AM Type here to search O ? 65F Sunny A 9/7/2021