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E13 Tombert Decorating uses a job order cost system to collect the costs...

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Accounting

E13 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 $960,000
Actual overhead $982,800
Estimated decorator hours 40,000
Actual decorator hours 40,500The company uses Operating Overhead in place of Manufacturing
Overhead. Instructions(a) Compute the predetermined overhead rate.
(b) Prepare the entry to apply the overhead for the year.
(c) Determine whether the overhead was under- or overapplied and by
how much.

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