View Policies Current Attempt in Progress Tombert Decorating uses a job order cost 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. Listed below are data for the current year, Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $1,000,000 $1.058,800 40,000 41.500 The company uses the account Operating Overhead in place of Manufacturing Overhead and the account Service Contracts in Process in place of Work in Process Compute the predetermined overhead rate. $ per decorator hour Predetermined overhead rate e Textbook and Media Prepare the entry to apply the overhead for the year. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation