Sheffield Decorating unes a job order cost system to collect the cost of its Interior decorating business. Each client's notationis treated as a separate Job Overhead is applied to each jobbe on the number of decorator hours incurred Listed below are data for the current year Estimated overhead $980,000 Actual overhead $995.800 Estimated decorator hours 40,000 Actual decorator hours 40,700 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 Compute the predetermined overhead rate. Predetermined overhead rate 5 2400 per decorator hour Prepare the entry to apply the overhead for the year. It counter automatically indented whom amount ante. Do not Indent moral Account Titles and Explanation Debit Credit Determine whether the overhead was under or overapplied and by how much Overhead $. V Se for Liter Last saved mitutes ago Atte