Exercise 15-13 Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each dlient's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Listed below are data for the current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $990,000 $1,072,800 40,000 40,600 The company uses Operating Overhead in place of Manufacturing Overhead. Your answer is incorrect. Try again. ompute the predetermined overhead rat e. (Round answer to 2 decimal places, eg, 25.55%.) Predetermined overhead rate per decorator hour SHOW LIST OF ACCOUNTS Your answer is partially correct. Try again. Prepare the entry to apply the overhead for the year. (Credit account titles are automatically indented when manu Prepare the entry to apply the overhead for the year. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 0 decimal place, e.g. 55.) Account Titles and Explanation Service Contracts in Process DebitCredit Operating Overhead SHOW LIST OF ACCOUNTS Your answer is partially correct. Try again. Determine whether the overhead was under- or overapplied and by how much. Overhead Underapplied Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS Question Attempts: Unlimited