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m_con=con&external_browser=08daunchUrl=http%253A%252F%252Fnewlearns Seved Problem 9-55 (Algo) Comparative Income Statements and Management Analysis (LO 9-1,5,6) Pepper's Products manufactures and sells two types of chew toys for pets-Squeaky and Silent In May, Pepper's Products had the following costs and revenues. Pepper's Products Income Statement For the Month of May Squeaky Silent 5136, Bee $158.000 20, 18. 80,000 20. Total 3294, 38. eee 180,000 Sales revenue Direct materials Direct labor Overhead costs Administration Production setup Quality control Distribution Operating profit 20.00 48 20 000 22, we $86, Pepper's Products currently uses labor costs to allocate all overhead but is considering implementing an activity-based costing system After interviewing the sales and production staff, management decides to allocate administrative costs on the basis of direct labor costs but to use the following boses to allocate the remaining overhead, Activity Settin Performant quality control Activity Love 5 1 Cast obroduction on Number of Lopes hed Required: a complete the income statement using the preceding activity Boost c. Restate the income statement for Peppers Producteuing direct labor com as the only overhead allocation boue. Homework 37 8. Setting up Performing quality control Distribution Cost Orie Number of production runs Number of inspections Number of units shipped tivity Sky TO 22 40 90,000 130,000 08 Doint Required: a. Complete the income statement using the preceding activity bases. c. Restate the income statement for Pepper's Products using direct labor costs as the only overhead allocation base Sko Complete this question by entering your answers in the tabs below. Book Rdquired A Required References Complete the income statement using the preceding activity bases. (Do not round Intermediate calculations. Input all amount as positive values.) 3 136.000 20.000 00.000 Silent 150.000 18.000 120.000 Total 294,000 38.000 100.000 Account Sales Direct manas Outlabor Overhe Administration Setting up Performing quality control Dibutor 20,000 48.000 207600 92.000 30.000 120.000 000 Recured ework #7 8. Activity Setting up Performing quality control Distribution Cost Drive Number of production runs Number of inspections Number of units shipped Activity Level Squeaky Set 10 22 ce 40 90,000 130,000 nts Required: a. Complete the income statement using the preceding activity bases c. Restate the income statement for Pepper's Products using direct labor costs as the only overhead allocation base Sed Complete this question by entering your answers in the tabs below. eBook Required A Required References Restate the income statement for Pepper's Products using direct labor costs as the only overhead allocation base. (Do not round intermediate calculations. Input all amounts as positive values:) Account Squeaky 5 138,000 $ 20.000 80,000 Sales revenue Direct materials Direct labor Overhead costs Operating profit closa) Silent 158,000 $ 18.000 20.000 Total 294.000 38,000 100.000 5 35,000 5 120,000 3 150.000

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