Tombert Decorating uses a job order cost system to collect the casts of its interior decorating business. Each client's consultationis 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 Actual overhead Estimated decorator hours Actual decorator hours $960,000 $1,036,800 40,000 40,100 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 $ per decorator hour Prepare the entry to apply the overhead for the year. (Credit account titles are automatically indented when amount is entered. Do not Indene manually) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Determine whether the overhead was under or overapplied and by how much Overhead $