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Timewise Manufacturing uses a predetermined manufacturing overhead rate based on direct labor hours to allocate...

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Accounting

Timewise Manufacturing uses a predetermined manufacturing overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. Selected data about the company's operations follows:Actual manufacturing overhead costEstimated manufacturing overhead costEstimated direct labor costEstimated direct labor hoursActual direct labor hoursEstimated machine hoursActual machine hours$500,100$550,200$175,50050,40060,90040,00036,000By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent.) A. $50,100 underallocated B. $50,100 overallocatedO C. $164,928 underallocated D. $164,928 overallocated

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