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 $50,800 and its total manufacturing overhead cost to be $76,200. points Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. eBook Print 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. References 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 1% of Direct Labor Cost Required 1 Required 2 > Check my work Required 1 Required 2 Required 3 Required 4 Required 5 mm Fill in the missing values in the T-accounts. points Raw Materials Inventory 14,600 93,700 29,100 Beginning Balance Purchases Ending Balance Beginning Balance Direct Materials Work in Process Inventory 29,300 68,900 $ 40,100 eBook Print Direct Labor References Applied Overhead Ending Balance 19,600 Cost of Goods Sold Finished Goods Inventory 41,100 Beginning Balance Cost of Goods Completed Ending Balance Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold 48,600 Sales Revenue 306,000 Indirect Materials Applied Overhead Indirect Labor Factory Depreciation Factory Rent Factory Utilities Manufacturing Overhead 10,300 13,300 11,300 5,800 1,000 8,300 50,000 Other Factory Costs Actual Overhead Check my work buyumny vururi TIIV Uruujuuluu VUOI UI vuuuu vuru Adjusted Cost of Goods Sold Cost of Goods Completed Ending Balance 48,600 Sales Revenue points 306,000 Indirect Materials Applied Overhead Indirect Labor eBook Manufacturing Overhead 10,300 13,300 11,300 5,800 1,000 Print References Factory Depreciation Factory Rent Factory Utilities Other Factory Costs Actual Overhead 8,300 50,000 Selling, General, and Administrative Expenses Adm. Salaries 26,200 Office Depreciation 18,300 Advertising 13,100 Ending Balance 57,600 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 $50,800 and its total manufacturing overhead cost to be $76,200. points Several incomplete general ledger accounts show the transactions that occurred during the most recent accounting period which is given in second requirement. eBook Print 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. References 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 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 Total Work in Process Cost of Goods Manufactured Cost of Goods Available for Sale Unadjusted Cost of Goods Sold 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 overhead. 5. Prepare a brief income statement for the company. points Complete this question by entering your answers in the tabs below. eBook Print Required 1 Required 2 Required 3 Required 4 Required 5 References Prepare a brief income statement for the company. DOBSON MANUFACTURING COMPANY Income Statement Net Income from Operations
