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 $59,200 and its total manufacturing overhead cost to be $112,480. 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 Fill in the missing values in the T-accounts. Beginning Balance Purchases Ending Balance Beginning Balance Cost of Goods Completed Ending Balance Raw Materials Inventory 15,000 Work in Process Inventory Beginning Balance 29,600 93,200 Direct Materials 68,400 29,400 Direct Labor $ 41,900 Applied Overhead Ending Balance 18,700 Finished Goods Inventory 40,400 49.600 Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold Cost of Goods Sold Sales Revenue Manufacturing Overhead 306,000 Indirect Materials 10,400 Applied Overhead Indirect Labor 14,300 Factory Depreciation 11,000 Factory Rent 6,900 Factory Utilities 1,900 Other Factory Costs 9,800 Actual Overhead 54,300 Adm. Salaries Office Depreciation Advertising Ending Balance Selling, General, and Administrative Expenses 26,200 18,900 13,800 58,900 Required 1 Required 3 >