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 $1,000,000 Actual overhead $1,062,800 Estimated decorator hours 40.000 Actual decorator hours 42,000 The company uses the account Operating Overhead in place of Manufacturint Overhead and the account Service Contracts in Process in place of Work in Process Your answer is incorrect Compute the predetermined overhead rate Prodetermined overhead rate $ per decorator hour Textbook and Media Prepare the entry to apply the overhead for the year. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit Work in Processs 972000 Operating Over 972000 e Textbook and Media Your answer is partially correct Determine whether the overhead was under or overapplied and by how much Overhead 5 10800 Underolled eTextbook and Media