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$.$

Specifically, you must address the following rubric criteria:

$1.)$ 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.

$2.)$ 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.

$3.)$ 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.

a$.$ 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.

b$.$ Determine the variances for direct labor and direct materials in the $$Variances$$ tab.

c$.$ Evaluate the significance of the variances in the $$Variances$$ tab, and mark them as favorable or unfavorable.