NEXT Do Exercise 182 Fancy Decorating uses a job order costing system to collect the costs of its interior decorating business. Each client's consultation is treated as a separate job. Overhead is applied to each job based on the number of decorator hours incurred. Usted below are data for the current year Budgeted overhead $880,000 Actual overhead $910,000 Budgeted decorator hours 40,000 Actual decorator hours 41,000 The company uses Operating Overhead in place of Manufacturing Overhead. Compute the predetermined overhead rate. Predetermined overhead rate per decorator hour Prepare the entry to apply the overhead for the year. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually.) Account Tities and Explanation Debit Credit Determine whether the overhead was under - or overapplied and by how much. Balances Question Attempts: 0 of 1 used WER