Help Save & E Chec 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 $53,600 and its total manufacturing overhead cost to be $96,480. 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 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 to search O 1 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 S 0 Adjusted Cost of Goods Sold 6. 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 Prepare a brief income statement for the company. DOBSON MANUFACTURING COMPANY Income Statement Net Income from Operations 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 Compute over- or underapplied overhead Manufacturing Overhead Overapplied by $ 23,740
