Exercise 182 Fancy Decorating uses a job order costing 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. Budgeted overhead Actual overhead Budgeted decorator hours Actual decorator hours $880,000 $910,000 40,000 41,000 The company uses Operating Overhead in place of Manufacturing Overhead. Compute the predetermined overhead rate. Predetermined overhead rate S per decorator hour SHOW LIST OF ACCOUNTS Prepare the entry to apply the overhead for the year. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Tities and Explanation Debit Credit Determine whether the overhead was under - or overapplied and by how much. Balances 5 Click if you would like to Show Work for this question: Open Show Work