8. Gill Corporation has the following information: Actual Overhead Cost $2,500,000 Predetermined Overhead Allocation Rate Actual Quantity of the Allocation Base Used by Each Job $3,500,000 Calculate the amount of over/under allocated overhead. a) Overallocated $1,450,000 b) Underallocated $1,450,000 c) Overallocated $3,500,000 d) Underallocated $3,500,000