computed 3. Recalculate the applied overhead for the EyeStyle Global engaemnoied overhe 4. Compare the applied overhead using the single cost dri using the two cost drivers used in the text illustration. ement le oblems All applicable Problems are available in Connect. The following data refer to Twisto Pretzel Company for the year 20x1. roblem 3-42 5 8,100 Utilities for sales and administrative offices2,50 13,800 Other selling and administrative expenses.4,00 3,600 Indirect-labor cost incurred 8,300 Depreclation on factory buildin 14,000 Depreciation on cars used by sales personnel!.. 1,200 6,000 Direct-labor cost incurred 4,900 Raw-material inventory, 12/31/x111,000 2,100 Accounts receivable, 12/31/x 10,100 Rental for warehouse space to store raw material... 3,100 2,400 Rental of space for company president's office ....1,700 5,400 Applied manufacturing overhead 39,000 Sales revenue 6,000 Income tax expense Work-in-process inventory, 12/31/x0 Selling and administrative salaries Insurance on factory and equipment factured and Sold; 29,000 e Statement 6) 3,800 Work-in-process inventory, 12/31/x Finished-goods inventory, 12/31/x0 Cash balance, 12/31/x1 79,000 Indirect material used manufacturing costs: Depreciation on factory equipment Raw-material inventory, 12/31/x0 come: $7100 Property taxes on factory Finished-goods inventory, 12/31/ Purchases of raw material in 20x Utilities for factory 58,000 205,800 5.100 Required: 1. Prepare Twisto Pretzel Company's schedule of cost of goods manufactured for 20x1. 2. Prepare the company's schedule of cost of goods sold for 20x 1. The company clos or underapplied overhead into Cost of Goods Sold 3. Prepare the company's income statement for 20x 1. ed m 3-43 Burlington Clock Works manufactures fine, handcrafted clocks. The firm uses a ie tem, and manufacturing overhead is applied on the basis of direct-labor der Costingtem, es