Question: Carlton Manufacturing Company uses a job order cost system with

Carlton 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 $42,000 and its total manufacturing over-head cost to be $75,600.
Several incomplete general ledger accounts showing the transactions that occurred during the most recent accounting period follow:


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 thecompany.
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  • CreatedFebruary 27, 2015
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