PA2-8 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 $50,200 and its total manufacturing overhead cost to be $100,400. Several incomplete general ledger accounts showing the transactions that occurred during the most recent accounting period follow: Required: 1. Calculate the predetermined overhead rate. ned Overhead Rate % of Direct Labor Cost