Araiest Conplete this assestion loy emtering your antwers it the tass bellope Retpensed Camplete this desestien by cadeting yeug astwers in the tabe toeias. Rastate the income stesement for Peppery Preduct uaing direct labar coats as the only pothive veluth.l Pepper's Products manufactures and selis two types of chew toys for pets-Squeaky and Stent. In May, Peppor's Products hed the following costs and revenues. Pepper's Products currently uses labor costs to allocate all overhead but is considering implementing an activity.based costing system. Afer interviewing the sales and production staff, manogement decides to allocate administrative costs on the basis of direct labor costs but to use the following bases to allocate the remaining overhead. 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 overthead allocation base. Complete this question by entering your answers in the tabs below. Complete the income statement using the preceding activity bases. (Do not round intermediate calculations. Input all amounts as positive values.) 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 currently uses labor costs to allocate all overhead but is considering implementing an activity.based costing system. After intervewing the sales and production staff, management decides to allocate administrative costs on the basis of direct labor costs but to use the following bases to allocate the remaining overheed. 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. Complete this question by entering your answers in the tabs below. 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.)