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Wildhorse Decorating uses a job-order costing 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 costs $938.400 Actual overhead costs $966,400 Estimated decorator hours 40.800 Actual decorator hours 41,560 The company uses Operating Overhead in place of Manufacturing Overhead, and Service Contracts in Process in place of Work in Process Inventory (a) Your Answer Correct Answer Your answer is correct. Your Answer Correct Answer Your answer is correct Calculate the predetermined overhead rate. Predetermined overhead rate $ 23 per decorator hour List of Accounts Attempts: 1 of 2 used (b) Your Answer Correct Answer Your Answer Correct Answer Your answer is incorrect Prepare the entry to apply the overhead for the year. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Account Tities and Explanation Debit Credit List of Accounts Save for Later Attempts: 1 of 2 used Submit Answer List of Accounts Attempts: 2 of 2 used (c) Determine whether the overhead was under-or over-applied and by how much Balance $ List of Accounts Save for Later Attempts: 0 of 2 used Submit

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