Before the year began, Milkway Manufacturing estimated that manufacturing overhead for the year would be $175,000 and that 25, 400 direct labor hours would be worked. Actual results for the year included following: Actual manufacturing overhead cost $182, 100 Actual direct labor hours 20, 500 if the company allocates manufacturing overhead based on direct labor hours, the manufacturing overhead for the year would have been? (Round intermediary calculations to the nearest cent) $40, 855 overallocated $7, 100 underallocated $7, 100 overallocated $40.85% underallocated