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 $59,600 and its total manufacturing overhead cost to be $101,320. Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. Requlred: 1. Calculate the predetermined overhead rate. 2. Fill in the missing values in the T-accounts. 3. Compute over-or underapplied overhead. 4. Prepare a statement of cost of goods manufactured and sold including the adjustment for over- or underapplied overhead. 5. Prepare a brief income statement for the company. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Fill in the missing values in the T-accounts. Raw Materials Inventory Work in Process Inventory Beginning Balance 13,000 Beginning Balance 29,300 Direct Materials 95.000 Purchases 68,900 29.400 Direct Labor Ending Balance S 41,200 Applied Overhead Ending Balance 19.600 Finished Goods Inventory Cost of Goods Sold Beginning Balance 41,200 Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold Cost of Goods Completed 49,500 Ending Balance Manufacturing Overhead Sales Revenue Applied Overhead 317,000 Indirect Materials 9.700 Indirect Labor 14,900 Factory Depreciation 13,000 Factory Rent 5.100 Factory Utilities 1.100 Other Factory Costs 9.100 Actual Overhead 52,900 Selling, General, and Administrative Expenses Adm. Salaries 28,300 Office Depreciation 19,500 14,200 Advertising 60,000 Ending Balance