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Question 10 of 15 -/1 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 $1,040,000 $1.068,800 40,000 40.800 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. Predetermined overhead rate $ per decorator hour e Textbook and Media List of Accounts Question 10 of 15 Compute the predetermined overhead rate. Predetermined overhead rate $ per decorator hour e Textbook and Media List of Accounts Prepare the entry to apply the overhead for the year. (Credit account titles are automatically indented when amount is enter not indent manually) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Question TU OT 15 not indent manually.) Debit Credit Account Titles and Explanation e Textbook and Media List of Accounts Determine whether the overhead was under-or overapplied and by how much. Overhead $ e Textbook and Media List of Accounts Attempts: 0 of 3 used Submit An: Save for Later