Vaughn 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. The following data are for the current year. Estimated overhead $1,000,000 Actual overhead $1.058.800 Estimated decorator hours 40.000 Actual decorator hours 41,500 The company uses Operating Overhead in place of Manufacturing Overhead. Compute the predetermined overhead rate. Predetermined overhead rate $ per decorator hour Determine the amount of overhead to apply for the year. Amount of overhead applied $ Determine whether the overhead was under-or overapplied and by how much. Overhead $ Underapplied