Need to know if my answers are correct? If not- what are they? Thank you

Undo Clipboard Font Alignment Number Format as Table v Cells Editit Paste B I U~ ab X x Ap Paragraph Styles Editing Cell Styles A D A ~ Aa ~ A A Styles Undo Clipboard s Font Styles Is E23 viXVfx Align Left A 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 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 Beginning Work in Process Inventory the business over the past month: ur Direct Materials: Materials purchased. $20,000 DO Materials: Beginning o Consumed 80%% of the purchased materials 0 Direct labor: $8,493 9 Add: Purchases for month of lanuary S 20,000 Overhead costs: $3,765 Note: Assume that the beginning materials and ending work in process are zero for the month Materials available for use 20,000 Use the following revenue and cost information for the income statement. Note that the revenue you 12 Deduct: Ending materials 4,000 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 14 Materials Used 16,000 operation. For example, if you chose a sales price of $20 per collar, the actual number of collars sold in 15 Direct Labor the month was 33 per day or 35 x 20 = 660 per month. 8,493 16 Overhead Established Sales 3,765 Number of Items Sold per Price Day 18 Total Costs Collars S 28,258 $20 33 19 $24 28 $28 20 Deduct: Ending Work in Process Inventory 0 Leashes 21 $22 28 $26 23 22 Cost of Goods Sold 28,258 18 23 Harnesses $25 23 24 $30 22 25 $35 20 26 The other costs incurred by the business includes 27 General and administrative salaries e Receptionist: $1,950 Break Even Analysis COGS Office supplies: $200 Income Statement Variances Other business equipment: $150 Ready To Accessibility: Good to go + 100% Page 1 of 2 376 words 1 Focus 579% 88 F Sunny G 5:20 PM 5/31/2022 2