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 $53,200 and its total manufacturing overhead cost to be $85,120 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. 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 % of Direct Labor Cost Required 2 > Beginning Balance Purchases Ending Balance Raw Materials Inventory 14.500 4,200 28,000 Beginning Balance Cost of Goods Completed Ending Balance Adin Salanes Office Depreciation Adverting Endra Brance Finished Goods Inventory 40.000 40,400 Work in Process tury Beginning Balance 28.500 Deect Malorus 60700 Direct Labor S 41.000 Applied Overhead Ending Balance 19,000 Cost of Goods Sold Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold Sales Revenue Manufacturing Overhead 307,000 Indirect Materials Indirect Labor 11,400 Appled Overhead 14,000 Factory Depreciation 12,000 Factory Rent 6400 Factory Unides 1200 Other Factory Costs 5,200 Actual Overhead $400 Selling, General, and Administrative Expenses 27.900 18 300 14.200 60.400 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 Vigneti i Maatikot of cost of goods manufactured and sold including the adjustment for over or underapplied overhead DOBSON MANUFACTURING COMPANY Cast of Goods Manufactured and Sold Report Direct Materials Used in Production Total Cument Manufacturing Costs $ 0 Total Work in Process $ 0 Cost of Goods Manufactured Cost of Goods Available for Sale $ 0 Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold 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 brief income statement for the company. DOBSON MANUFACTURING COMPANY Income Statement Net Income from Operations