I need help with Milestone 3. Below is all the detail you will need. Southern Ne

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I need help with Milestone 3. Below is all the detail you will need.

Southern New Hampshire University ACC 202 Milestone Three Guidelines and Rubric Overview: In the third milestone, you will jump forward in time: Imagine that your business has already opened. Use the updated scenario information to analyze your company's performance. Post-opening Scenario: Your angel investors are silent in relation to the business; however, they require board meetings for status updates on the company's financial health. Therefore, you need to analyze your company's performance over the last month using the data provided below Note: Your instructor will create an announcement sharing the income statement data by the end of Module Four. All of the data you need for the cost-of- goods-manufactured statement can be found in the "COGM Schedule" tab of your workbook. For your variance analysis, use the following financial data: Grooming labor Standard Hours 150 Standard Quantity 1000 Standard Rate 12 Standard Price $2 Actual Hours 180 Actual Quantity 1200 Actual Rate 11.50 Actual Price S3 Grooming Materials Prompt: Complete your work in the provided workbook by assessing your company's financial performance, specifically addressing the following critical elements Financial Statements o Create a statement of cost of goods manufactured in the "COGM Schedule tab. o Create an income statement in the "Income Statement" tab. Variance Analysis o Identify all variances for the direct labor time and the materials price in the "Variances tab. o Evaluate the significance of the variances in the "Variances" tab.

Explanation / Answer

Notes No information is given regarding opening material or opening and closing wip.they are assumed to be zero.

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