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 $52,700 and its total manufacturing overhead cost to be $79,050. 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. Required 1 Required 2 KO Required 3 Required 4 Required 5 Fill in the missing values in the T-accounts. Raw Materials Inventory Work in Process Inventory Beginning Balance 13.700 Beginning Balance 29,600 Purchases 93,900 Direct Materials 69,100 Ending Balance 29.800 Direct Labor $ 40.600 Applied Overhead Ending Balance 18,900 Cost of Goods Sold Finished Goods Inventory 40,500 Beginning Balance Cost of Goods Completed Ending Balance Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold 48,700 Sales Revenue Manufacturing Overhead 310 000 . Undirect Materials Appli 8700 Sales Revenue Manufacturing Overhead 310,000 Indirect Materials 8,700 Appli Indirect Labor 13,200 12.700 Factory Depreciation Factory Rent Factory Utilities 6,500 2,400 Other Factory Costs 8,200 Actual Overhead 51,700 Selling, General, and Administrative Expenses Adm. Salaries 26,600 Office Depreciation 18,200 Advertising 14,800 Ending Balance 59,600 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 Direct Materials Used in Production Total Current Manufacturing Costs $ 0 Total Work in Process $ 0 4 Total Current Manufacturing Costs $ 0 2 points Total Work in Process $ 0 8 02:40:55 Cost of Goods Manufactured eBook Cost of Goods Available for Sale $ Print References Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold Required 1 Required 2 Required 3 Required 4 Required 5 oints Prepare a brief income statement for the company. 8 02:40:45 DOBSON MANUFACTURING COMPANY Income Statement Sales Revenue eBook Cost of Goods Sold Print Gross Profit References Selling, General, and Administrative Expenses Net Income from Operations