*Exercise 16-13 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. Usted below are data for the current year. Estimated overhead Actual overhead Estimated decorator hours Actual decorator hours $960,000 $982.300 40.000 40.000 The company uses Operating Overhead in place of Manufacturing Overhead Compute the predetermined overhead rate. (Round answer to 2 decimal places, eg. 25.57.) Predetermined overhead rate per decorator hour Prepare the entry to apply the overhead for the year (Cred account titles are automatically indented when amount is entered. Do not indent manually. Round answers to decimal place, ..55) Account Titles and Explanation Debit Credit Determine whether the overhead was under or overapplied and by how much Overhead C Question Attempts of 3 ur