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 $52,700 and its total manufacturing overhead cost to be $94,860. 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 Calculate the predetermined overhead rate. Predetermined Overhead Rate Required S % of Direct Labor Cost Required 1 Required 2 > Required 1 Required 2 Required 3 Required 4 Required 5 Fill in the missing values in the T-accounts. Raw Materials Inventory Beginning Balance Purchases Ending Balance Work in Process Inventory 15,000 Beginning Balance 28,300 93,300 Direct Materials 68,100 29,000 Direct Labor $ 41,600 Applied Overhead Ending Balance Beginning Balance Cost of Goods Completed Ending Balance Finished Gods Inventory 41,600 49,100 19,300 Cost of Goods Sold Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold Sales Revenue Manufacturing Overhead 313,000 Indirect Materials 11,200 Applied Overhead Indirect Labor 13.500 Factory Depreciation 12.300 Factory Rent 5,500 Factory Ubities: 2,600 Sales Revenue Manufacturing Overhead 313,000 Indirect Materials 11.200 Applied Overhead Indirect Labor 13,500 Factory Depreciation 12,300 Factory Rent 5,500 Factory Utilities 2,600 Other Factory Costs 10,000 Actual Overhead 55,100 Adm. Salaries Selling, General, and Administrative Expenses Office Depreciation Advertising Ending Balance 28.000 19,500 13.700 61,200 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Compute over- or underapplied overhead. Manufacturing Overhead + < Required 2 Required 4 > S DOBSON MANUFACTURING COMPANY Cost of Goods Manufactured and Sold Report Direct Materials Used in Production Total Current Manufacturing Costs Total Work in Process Cost of Goods Manufactured Cost of Goods Available for Sale Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold + Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a brief income statement for the company. DOBSON MANUFACTURING COMPANY Income Statement Net Income from Operations < Required 4 Required 5