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 $58,500 and its total manufacturing overhead cost to be $111,150. 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 2 Check my work Beginning Balance Purchases Ending Balance Raw Materials Inventory 13.600 94,800 29.400 Beginning Balance Direct Materials Direct Labor Applied Overhead Ending Balance Work In Process Inventory 29.400 68.700 $ 40,100 19.400 Finished Goods Inventory 41,600 Cost of Goods Sold Beginning Balance Cost of Goods Completed Ending Balance Unadjusted Cost of Goods Sold Adjusted Cost of Goods Sold 49,000 Sales Revenue 309,000 Applied Overhead indirect Materials Indirect Labor Factory Deprecation Factory Rent Factory Other Factory Conte As Overhead Manufacturing Overhead 10,300 15,000 12,600 5.700 2.500 800 56.000 Soling, General and Administrative Expenses Adm. Sales 26.400 Office Depreciation 18.800 Advertising 14,100 Ending Balance 59,500 Dobson Manufacturing Company uses a job order cost system with manufacturing overhead applied to produc labor dollars. At the beginning of the most recent period, the company estimated its total direct labor cost to be manufacturing overhead cost to be $111,150. Several incomplete general ledger accounts show the transactions that occurred during the most recent accou 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 underapp 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 Compute over- or underapplied overhead. Manufacturing Overhead SED Ch30 1 O w W > PRESS w R A S D F G 1 N X V N B command 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