Confused on this?

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 $960,000 Actual overhead $982,800 Estimated decorator hours 40,000 Actual decifrator hours 40,500 The company uses Operating Overhead in place of Manufacturing Overhead. Compute the following Predetermined overhead rate Prepare the entry to apply the overhead for the year Date Account Debit Credit The amount of under-or overapplied overhead Prepare the adjusting entry to assign the under-or overapplied overhead for the year Account Debit Date Credit