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How much was manufacturing overhead overallocated

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Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on machine hours to allocate manufacturing overhead to jobs. Selected data about the company's operations follows:

Actual manufacturing overhead cost

$501,000

Estimated manufacturing overhead cost

$550,500

Estimated direct labor cost

$175,800

Estimated direct labor hours

50,300

Actual direct labor hours

60,000

Estimated machine hours

40,000

Actual machine hours

35,200

By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent)
A. $66,148 underallocated

B. $66,148 overallocated

C. $16,648 overallocated

D. $16,648 underallocated

Reference no: EM13853048

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