12. Wet N Wild Sports Equipment Company's work in process inventory on June 1 has a balance of $22,400 representing Job No. 265. During June, $50,000 of direct materials were requisitioned for Job No. 265 and $35,000 of direct labor cost was incurred on Job No. 265. Manufacturing overhead is allocated at 125% of direct labor cost. Actual manufacturing overhead costs incurred in June amounted to $41,000. No new jobs were started during June. Job No. 265 is completed on June 28. Is manufacturing overhead overallocated or underallocated for the month of June? By how much? A) $2,750 underallocated B) $13,000 overallocated C) $13,000 underallocated D) $2,750 overallocated