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1.Fill in the blanks 2. Compute over- or underapplied overhead. Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products
1.Fill in the blanks
2. Compute over- or underapplied overhead.
Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to products on the basis of direct labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be $65,000 and its total manufacturing overhead cost to be $91,000. Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. \begin{tabular}{|l|r|l|l|} \hline \multicolumn{3}{|c|}{ Manufacturing Overhead } \\ \hline Indirect Materials & 10,000 & Applied Overhead \\ \hline Indirect Labor & 15,000 & & \\ \hline Factory Depreciation & 13,000 & & \\ \hline Factory Rent & 7,000 & & \\ \hline Factory Utilities & 3,000 & & \\ \hline Other Factory Costs & 10,000 & & \\ \hline Actual Overhead & 58,000 & & \\ \hline \end{tabular}Step by Step Solution
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