E2.13 (LO 3, 5), AP An icon reads, Service. Service 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 costs Actual overhead costs Estimated decorator hours Actual decorator hours $960,000 $982,800 40,000 40,500 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 Inventory Debit Instructions Compute the predetermined overhead rate. 24 Prepare the entry to apply the overhead for the year. Debit account title and debit amount credit account title and credit amount Be sure to use account titles listed in problem for parts b and a Determine whether the overhead was under or overapplied and by how much. and