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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

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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. Required: 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 Calculate the predetermined overhead rate. Predetermined Overhead Rate % of Direct labor cost O Search OR Beginning Balance Purchases Ending Balance Materials inventory 15,000 95,000 30,000 Beginning Balance Direct Materials Direct Labor Applied Overhead Ending Balance WordRocely 30,000 70,000 $ 50.000 20,000 Finished Goods Inventory Beginning Balance 40.000 Cost of Goods Completed Ending Balance 50,000 Cost of Goods Sold Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold Sales Revenue 300,000 Applied Overhead Indirect Materials Indirect Labor Factory Depreciation Factory Rent Factory Utilities Other Factory Coats Actual Overhead Manufacturing Overhead 10.000 15,000 13.000 7,000 3,000 10,000 58.000 Sale Rev 300,000 Applied Overhead Indirect Materials Indirect Labor Factory Depreciation Factory Rent Factory Utilities Other Factory Costs Actual Overhead 10,000 15,000 13,000 7,000 3,000 10,000 58.000 Selling, General, and Administrative Expenses Adm. Salaries 28,000 Office Depreciation 20.000 Advertising 15,000 Ending Balance 63.000 E to search Help 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 S Compute over- or underapplied overhead. Manufacturing Overhead

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