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ABC Office Equipment Company's budgeted manufacturing overhead is $5,400,000. Overhead is allocated on the basis of direct labor hours. The budgeted direct labor hours for

ABC Office Equipment Company's budgeted manufacturing overhead is $5,400,000. Overhead is allocated on the basis of direct labor hours. The budgeted direct labor hours for the period are 30,000. The actual direct labor hours for the period are 40,000.

Actual manufacturing overhead is $9,000,000

How much is manufacturing overhead under or overallocated?

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