PA2-8 (Algo) Recording Manufacturing Costs, Preparing a cost of Goods Manufactured Report, and Calculating Income from Operations (LO 2-3,2-4,2-5, 2-6) 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 $54,800 and its total manufacturing overhead cost to be $93,160. 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. Fu 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. . Requiredt Required 2 Required) Required Required 5 Calculate the predetermined overhead rate. Predetermined Overhead Ra of Director Cost Prepare a statement of cost of goods manufactured and sold including the adjustment for over or underapplied overhead. DOBSON MANUFACTURING COMPANY Cost of Good Manufactured and sold Report Direct Materials used in Production Total Current Manufacturing Costs Total Work in Process Cestal Goods Manufactured Cost of Goods Available for Sale Uradjusted Cost of Goods Sold Adjusted Cost of Goods Sold 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 brief income statement for the company. DOBSON MANUFACTURING COMPANY Income Statement Net Income from Operations