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 $51,100 and its total manufacturing overhead cost to be $102,200. 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 80,400 Raw Materials Inventory 14,600 95,000 29,000 Purchases Beginning Balance Direct Materials Direct Labor Work in Process Inventory 30,000 69,600 $ 41,800 83,600 19,600 Ending Balance Applied Overhead Ending Balance Cost of Goods Sold Finished Goods Inventory 41,500 Beginning Balance Cost of Goods Completed Ending Balance Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold 48,200 Sales Revenue 302,000 Indirect Materials Applied Overhead Indirect Labor Factory Depreciation Factory Rent Factory Utilities Other Factory Costs Actual Overhead Manufacturing Overhead 11,000 14,600 11,700 5,300 2,600 8,400 53,600 Selling, General, and Administrative Expenses Adm. Salaries 27,000 Office Depreciation 19,500 Advertising 14,700 Ending Balance 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 Overapplied by Required 2 Required 4 > 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 Beginning Raw Materials Inventory Plus: Raw Material Purchases Less: Indirect Material Used Less: Ending Raw Materials Inventory Direct Materials used in Production Direct Labor Manufacturing Overhead $ 0 $ 0 Total Current Manufacturing Costs Plus: Beginning Work in Process Inventory Total Work in Process | Less: Ending Work in Process Inventory Cost of Goods Manufactured Plus: Beginning Finished Goods Inventory Cost of Goods Available for Sale | Less: Ending Finished Goods Inventory Unadjusted Cost of Goods Sold Adjustment for Overapplied Overhead 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 Sales Revenue Cost of Goods Sold Gross Profit Selling, General, and Administrative Expenses Net Income from Operations