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 $ 960,000 Actual overhead $982,800 Estimated decorator hours 40,000 Actual decorator hours 40,100 The company uses Operating Overhead in place of Manufacturing Overhead and it uses Service Contracts in Process in place of Work in Process (a) Your answer is correct. Compute the predetermined overhead rate. Predetermined overhead rate $ 24 per decorator hour e Textbook and Media List of Accounts Account Titles and Explanation Debit Credit Work in Process 962400 Operating Overhead 962400 e Textbook and Media List of Accounts Attempts: 3 of 3 used Using multiple attempts has impacted your score 596 score reduction after attempt 2 (0) Determine whether the overhead was under-or overapplied and by how much Overhead S eTextbook and Media List of Accounts Sare for Later Attempts: 0 of 3 used Submit Answer cina muline attemnts will impact your scores