Barefoot Running Company's work in process inventory on June 1 has a balance of $23,400 representing Job No. 265. During June, $50,800 of direct materials were requisitioned for Job No. 265 and $35,900 of direct labor cost was incurred on Job No. 265. Manufacturing overhead is allocated at 120% of direct labor cost. Actual manufacturing overhead costs incurred in June amounted to $41,600. 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? O A. $1,480 overallocated OB. $1,480 underallocated OC. $13,520 overallocated OD. $13,520 underallocated