I am unsure if the answers below are correct for Milestone 3 - 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

Milestone Two - Contribution Margin Analysis $ COLLARS 24.00 9.10 $ LEASHES 22.00 12.10 Sales Price per Unit Variable Cost per Unit Contribution Margin $ HARNESSES 30.00 14.60 14.90 $ 9.90 $ 15.40 Milestone Two - Break-Even Analysis COLLARS 24.00 LEASHES 22.00 HARNESSES 30.00 Sales Price $ $ $ Fixed Costs $4,028.33 $4,028.33 $4,201.67 Contribution Margin $ 14.90 $ 9.90 $ 15.40 Break-Even Units (round up) 271 407 273 Target Profit $ 300.00 $ 400.00 $ 500.00 Break-Even Units (round up) 291 448 306 Target Profit $ 500.00 $ 600.00 $ 650.00 Break-Even Units (round up) 304 468 316 Milestone Three. Variance Analysis Data for Variance Analysis Budgeted (Standard) Hours/Qty Budgeted (Standard) Rate Actual Hours/Qty Actual Rate Labor 160 $ 16.00 180$ 16 50 Materials 5605 9.10 6205 10.00 Variances for Collar Sales Favorable/ Unfavorable Variance Direct Labor Time Variance (Actual Hours - Standard Hours) Standard Rate $ 320.00 Unfavorable Direct Labor Rate Variance (Actual Rate - Standard Rate)x Actual Hours s 90.00 Unfavorable Direct Materials Quantity/Efficiency Variance (Actual Quantity - Standard Quantity) Standard Price $ 546.00 Unfavorable Direct Materials Price Variance (Actual Price - Standard Price) Actual Quantity 558,00 Unfavorable