Prompt Use the information in the Milestone Three Actual Costs and Revenue Data Appendix Word Document to evaluate your company's performance, and complete the remaining tabs in the Project Workbook Spreadsheet that you used for the Milestone One and Two assignments. Specifically, you must address the following rubric criteria: - Statement of Cost of Goods Sold: Prepare the statement of cost of goods sold in the "COGS" tab of the workbook. Remember to show your work using calculations to the side of the table or using appropriate formulas in the table. - Income Statement: Use the given revenue data to prepare the "Income Statement" tab table and calculate the net income. Remember to show your work using calculations to the side of the table or using appropriate formulas in the table. - Variance Analysis: Prepare the data in the "Variances" tab to determine whether the variances are favorable or unfavorable. Remember to show your work using calculations to the side of the table or using appropriate formulas in the table. Complete the data table for the variances by entering the budgeted (standard) and actual labor and material values. Remember to use the estimates for expected sales from your Milestone Two assignment. Determine the variances for direct labor and direct materials in the "Variances" tab. Evaluate the significance of the variances in the "Variances" tab, and mark them as favorable or unfavorable ACC 202 Millestone Three: Actual Costs and Revenue Data Appendix labor against the actual amounts you spent on the same. For your statement of cost of goods sold, use the following datu regarding the actual costs incurred by the business over the pust month: (3) - Materials purchased: S20,000 - Consumed 80% of the purchased materials - Direct lahor; S8,493 Note: A issume that the begining materials and ending work in process are zero for the month. The other costs incurred by the business include: - General and administrative salaries - Office supplies. Receptionist: $1,950 - Other business equipment: $150 Milestone Three - Variance Analysis Data for Variance Analysis: \begin{tabular}{|l|c|c|c|c|} \hline \multirow{5}{*}{ Labor } & Budgeted (Standard) Hours/Qty & Budgeted (Standard) Rate & Actual Hours/Qty & Actual Rate \\ \cline { 2 - 6 } & & & & \\ \hline & Materials & & & \\ \hline \end{tabular} Variances for Collar Sales Direct Labor Time Variance