please assist with problems not filled completed which are final 3 photos

Nou 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 . . . o 0 Other Costs Rent: $750 per month; allocate based on square footage High-tensile strength nylon webbing-$12 per yard of webbing 3 collars per yard of webbing 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 4 buckles used per collar 3 buckles used per leash 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 . . G H 4 5 INSTRUCTIONS: 6 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 9 Item/Cost Direct Material Direct Labor Overhead Period Costs Fixed Variable x 12 Salary - Collar maker 13 Salary - Leash maker 14 Salary - Harness maker 15 Salary - Receptionist 16 High-tensile strength nylon webbing 17 Polyesterylon ribbons 18 Buckles made of cast hardware 19 Depreciation on sewing machines 20 Rent XXX XXX 21 Utilities and insurance 22 Scissors, thread, and cording 23 Price tags 24 Office supplies 25 Oter business equipment 26 Loan payment 27 Salary to self X 28 29 30 B Collars Item ariable Costiltem High-tensile strength nylon webb $ 4.00 Polyesterinylon ribbons $ 3.00 Buokles made of oast hardware $ 2.00 $ 0.10 Price tags Item Fixed Costs Collar maker's salary (monthly) $ 2,560.00 Depreciation on sewing machine: $ 55.00 Rent $ 250.00 Utilities and insurance $ 200.00 Scissors, thread, and cording $ 400.00 Loan payment $ 183.33 Salary to sell $ 166.67 Total Variable Costs per C$ 9.10 Total Fixed Costs $ 4,492.78 Leashes Item ariable Costiltem High-tensile strength nylon webb $ 6.00 Polyesterylon ribbons $ 4.50 Buckles made of east hardware $ 1.50 $ 0.10 Price tags Item Fixed Costs Leash maker's salary (monthly) $ 2,560.00 Depreciation on sewing machine: $ 55.00 Rent $ 250.00 Utilities and insurance 200.00 Scissors, thread, and cording 400.00 Loan payment 183.33 Salary to sell $ 166.67 # Total Variable Costs per L_$ 12.10 Total Fixed Costs $ 4,492.78 Harnesses Item ariable Cost/ltem High-tensile strength nylon webb $ 6.00 Polyesternylon ribbons 4,50 Buckles made of cast hardware 3 4.00 0.10 Price tags Item Fixed Costs Harness maker's salary 2.720.00 Depreciation on sewing machine: $ 55.00 Rent 250 00 Utilities and insurance $ 200.00 Scissors, thread, and cording $ 400.00 Loan $ 183.33 Salary to sell 166 67 Total Variable Costs per 11 14.60 Total Fixed Costs $4.652.78 Tort 1 2. 3 Milestone Two - Contribution Margin Analysis 4 5 6 COLLARS LEASHES HARNESSES $ $ 8 Sales Price per Unit 9 Variable Cost per Unit 11 Contribution Margin 12 20.00 9.00 $ 22.00 12.00 25.00 14.50 $ 11.00 $ 10.00 $ 10.50 14 15 16 D E F H 1 2 Milestone Two - Break-Even Analysis 3 4 COLLARS LEASHES HARNESSES oo out 7 Sales Price $ 20.00 S 22.00 $ 25.00 9 Fixed Costs $ 5,860 $ 5,860 $ 6,031 10 11 Contribution Margin $ 11.00 $ 10.00 $ 10.50 12 13 Break-Even Units (round up) 533.00 586.00 574.00 14 16 17 Target Profit S 300.00 $ 400.00 $ 500.00 18. 19 Break-Even Units (round up) 560.00 626.00 622.00 20 Target Profit $ 500.00 $ 600.00 S 650.00 22 23 24 25 26 Break-Even Units (round up) 578.00 646.00 636.00 28 29 30 1 2 Milestone Three - Statement of Cost of Goods Sold 3 4 0 6 Beginning Work in Process Inventory 7 Direct Materials: 8 Materials: Beginning 9 Add: Purchases for month of January 11 Materials available for use 12 Deduct: Ending materials 0 4 Materials Used 5 6 Direct Labor 7 Overhead 9 Total Costs 1 Deduct: Ending Work in Process Inventory 2 3 Cost of Goods Sold 0 1 2 Milestone Three - Income Statement 3 $ 4 5 Revenue: 6 Collars 7 Leashes 8 Harnesses 9 - - $ $ $ - 1 1 10 Total Revenue: 11 Cost of goods sold 12 Gross profit 13 14 Expenses: 15 General and administrative salaries 16 Depreciation 7 Rent 8 Utilities and insurance 9 Scissors, thread, and cording 20 Loan 1 2 Total Expenses 3 -4 Net Income/Loss 5 6 $ $ $ C D F G ut wNH B 1 2 Milestone Three - Variance Analysis 3 4 5 Data for Variance Analysis: Budgeted (Standard) Hours/Qty Budgeted (Standard) Rate Actual Hours/Qty Actual Rate 6 7 8 Labor 9 10 11 Materials 12 13 14 15 Variances for Collar Sales Variance Favorable/ Unfavorable $ $ 16 17 Direct Labor Time Variance 18 (Actual Hours - Standard Hours) x Standard Rate 19 20 Direct Labor Rate Variance 21 (Actual Rate - Standard Rate) x Actual Hours 22 23 Direct Materials Quantity/Efficiency Variance 24 (Actual Quantity - Standard Quantity) x Standard Price 25 26 Direct Materials Price Variance 27 (Actual Price - Standard Price) Actual Quantity 28 29 $ $ 30 31