Airhead Company 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 $500,700 Estimated manufacturing overhead cost $551,000 Estimated direct labor cost $175,900 Estimated direct labor hours 51,000 Actual direct labor hours 60,500 Estimated machine hours 40,100 Actual machine hours 36,000 By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent.) A. $56,360 overallocated B. $56,360 underallocated C. $6,060 underallocated D. $6,060 overallocated