Tombert Decorating uses a job order cost system to collect the costs of its interior decorating business. Each clients 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 $ 1,058,800 Estimated decorator hours 40,000 Actual decorator hours 41,500

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 Operating Overhead e Textbook and Media Your answer is partially correct. Determine whether the overhead was under-or overapplied and by how much. Overhead $ Underapplied