Challenge Exercise 15-02 a-d Bonita Painting Services uses a job order cost system to collect the costs of its home painting business. Each customer's house is treated as a separate job. Overhead is applied to each job based on the number of painting hours required for each house. Listed below are the data for the current year: Estimated overhead $943,800 Actual overhead $835,880 Estimated painting hours 42,900 Actual painting hours 38,100 The company uses Operating Overhead in place of Manufacturing Overhead. Compute the predetermined overhead rate. Predetermined overhead rates per hour Prepare the entry to apply the overhead for the year. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Account Titles and Explanation Determine whether the overhead was under or overapplied and by how much overhead $ Prepare the entry to apply the overhead for the year. (Credit account tities are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Determine whether the overhead was under or overapplied and by how much overhead If estimated overhead increases to $965,250, discuss how this would impact (1) applied ove and (2) actual overhead. Determine whether overhead would be under or overapplied and by how much. (Round new predetermined overhead rate to 2 decimal places, e.g. 15.25.) New predetermined overhead rate $ per hour New applied overhead $ New actual overhead $ overhead SAVE FOR LATER SUBMIT ANSWER Question Attempts: 0 of 1 used