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 $59,600 and its total manufacturing overhead cost to be $95,360.

Several incomplete general ledger accounts showing the transactions that occurred during the most recent accounting period follow:

Required:

Calculate the predetermined overhead rate.

predetermined overhead rate= _____________ %of direct labor cost

2- Fill the missing values in the T-accounts (only boxes with question marks)

1-raw materials inventory

Beginning balance	14,200	?
purchases	93,500	?
Ending Balance	29,200	?

2-Finished good inventory

Beginning balance	40,900	?
cost of goods completed	?
Ending Balance	40,900

sales revenue

	sales revenue
	317,000

3-Selling,general and administrative expenses

Adm Salaries	25,800
office depreciation	19,400
advertising	13,800
ending balance	60,000

4-Work in process inventory

Beg balance	29,200
direct materials	70,000
direct labor	14,900
applied overhead	?
ending balance	18,300

5-cost of goods sold

unadjusted cost of goods sold	?
adjusted cost of goods sold	?

6-

indirect materials	8,500	?	applied overhead
indirect labor	13,800
factory depreciation	12,500
factory rent	6,400
factory utilities	1,500
other factory costs	9,300
actual overhead	52,000