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 $51,900 and its total manufacturing overhead cost to be $77.850. 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 5 Calculate the predetermined overhead rate. Predetermined Overhead Rate 150% of Direct Labor Cost Required Required 2 > " 000 Required 1. Calculate the predetermined overhead ste 2FB the mesing values in the Taccounts 3. Compute over or underapplied overhead 4. Prepare a statement of cost of goods manufactured and sold including the adjument for over or underappled overhead 5. Prepare a brief income statement for the company Complete this question by entering your awers in the tabs below. Compute over or underapped overhead. Reqared4> and sand including the Quitment for over or underapped overhead 5. Prepare a brief income statement for the company Complete this question by entering your answers is the tabs below Prepare a statement of cost of goods manufactured and sold including the adjustment for over or underappled overhead Cast of Manched and dipert Direct Materials Used Production Tuta Current Manufacturing Cast $ Ta Work in Proc Cost of Good Manufactured Cast of Goods Avalace for Sale Unaducted Cod af Goods Sold Adated Cost of Goods Sold > 2 Dobson Manufacturing Company uses a job onder cast system with manufacturing overhead applied to products on the basis of t labor dollars. At the beginning at the cent period, the company estimated its total direct labor co manufacturing overhead cost t $77.0 be $51,900 and sta Several incompline general ledger accounts show the transactions that occumed during the most recent accounting period which given in second requirement Required 1. Celculete the predetermined overhead 2. Fl in the mang values in the Taccounts 3. Compute over or underapplied overhead 4. Prepare a statement of cost of goods manufactured and said including the adjustment for over- or underapplied overhead 5. Prepare a brief income statement for the company Complete this goestion by entering your answers in the tabes below. Net came on Ope 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 $51,900 and its total manufacturing overhead cost to be $77,850. 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 5 Calculate the predetermined overhead rate. Predetermined Overhead Rate 150% of Direct Labor Cost C Required t Required 2 > 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. Beginning Balance Purchases Ending Balance Raw Materials Inventory 13,400 Beginning Balance Cost of Goods Completed Ending Balance Work in Process inventory Beginning Balance 28,100 Direct Materas 68,400 41,000 94,600 28.500 Drect Labor Applied Overhead Ending Balance Finished Goods ventory 41,100 49,400 18.200 Cost of Goods So Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold Sales Revenue Manufacturing Overhead 311,000 Indrect Materials 11,100 Applied Overhead Indirect Labor 13,700 Factory Deprecation 11,200 Factory Rent 5,000 Factory Utates 1,100 Other Factory Costs 8.500) Actual Overnead 50,000 Selling, General, and Administrative Expenses Adm Salanes Office Depreciation. Advertising Ending Balance 26,700 19.300 14,400 60,400 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 $51,900 and its total manufacturing overhead cost to be $77,850. 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 5 Compute over- or underapplied overhead. Manufacturing 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 Prepare a statement of cost of goods manufactured and sold including the adjustment for over- or underapplied overhead. DOBSON MANUFACTURING COMPANY Cost of Goods Manufactured and Sold Report Direct Materials Used in Production Total Current Manufacturing Costs S 0 Total Work in Process $ 0 Cost of Goods Manufactured Cost of Goods Available for Sale Unadjusted Cost of Goods Sold $ 0 Adjusted Cost of Goods Sold 3. Compute over or underapplied overhead. 4. Prepare a statement of cost of goods manufactured and sold including the adjustment for over- or underapplied overheed 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 Required S Prepare a brief income statement for the company. DORSON MANUFACTURING COMPANY Income Statement Net Income from Operations