The game works fine with Dosbox 0.70 even with SVGA 800x600 as mentioned above. It seems you have the incorrect settings for your sound card. Try changing the IRQ and DMA channels when you choose your sound card when running the setup file.
Manually choose your sound card. Don't accept the default settings. It has an option 'Choose Sound Card'. Select it to choose your sound card. I find the best one is sound blaster or 100% compatable...
What sound card are you using?
Tinker alittle and you will find the right setting to run the game.
Old DOS game were very sound card sensitive. You have to get the correct settings. You will know when you have as when you test the sound and music in the setup file you will hear something...such as 'you don't mess with Lo Wang'...or something equally as amusing.
Enjoy.