Looking to check my work. If not correct could I get some guidance? Thanks!

J24 Align Left B C D E At the end of the first month of opening your business, you calculate the actual operating costs of the business and the income you earned. You also notice and document the difference in what you Milestone Three - Income Statement budgeted for certain materials and labor against the actual amounts you spent on the same For your statement of cost of goods sold, use the following data regarding the actual costs incurred by the business over the past month: 5 Revenue . Materials purchased: $20,000 o Consumed 80% of the purchased materials 6 Collars S 20 Direct labor: $8,493 Leashes 22 . Overhead costs. $3,765 Note Assume that the beginning materials and ending work in process are zero for the month Harnesses 25 Use the following revenue and cost information for the income statement. Note that the revenue you 9 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 10 Total Revenue: S 1,901 operation. For example, if you chose a sales price of $20 per collar, the actual number of collars sold in 11 Cost of goods sold the month was 33 per day or 33 x 20 = 660 per month 28,258 12 Gross profit S 30,159 Established Sales Number of Items Sold per Price Day 13 $20 33 14 Expenses: $24 28 15 General and administrative salaries $28 23 S 1,950 Leashes 16 Office supplies $22 200 28 $26 23 17 Other business equipment 150 $30 18 18 Harnesses $25 25 19 Total Expenses S 2,300.00 $30 22 $35 20 20 21 Net Income/Loss The other costs incurred by the business include: S 27,859.00 22 General and administrative salaries Receptionist $1,950 Office supplies: $200 Contribution Margin Analysis Break-Even Analysis COGS Other business equipment $150 Ready Accessibility: Good to go + 100% Page 1 of 2 376 words Focus 90"F 5:59 Sunny 5/31/20