treated as a separate job. Overhead is applied to each job based on the number of painting hours required for each house. Listed

below are the data for the current year:

Estimated overhead $,$$$756,000$

Actual overhead $,$$$875,020$

Estimated painting hours $,36,000$

Actual painting hours $,41,800$

The company uses Operating Overhead in place of Manufacturing Overhead.

$(a)$

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Compute the predetermined overhead rate.

Predetermined overhead rate

$

per hour

Attempts: $1$ of $1$ used

$($b$)$

Prepare the entry to apply the overhead for the year. $($List debit entry before credit entry. Credit account titles are automatically

indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the

amounts.$)$

Account Titles and Explanation

Credit $($d$)$

If estimated overhead increases to $$774,000,$ discuss how this would impact $(1)$ applied overhead and $(2)$ actual overhead.

Determine whether overhead would be under$-$or overapplied and by how much. $($Round new predetermined overhead rate to $2$

decimal places, e$.$g$.15\mathrm{.}25.)$

New predetermined overhead rate

$

per hour

New applied overhead

$

New actual overhead

$

overhead

$

Attempts: $0$ of $1$ used