Bell Inc. decided to use direct labor hours to calculate a predetermined overhead rate to allocato overhead cost to jobs. During the year the company actually incurred manufacturing overhead costs of 5582,500 and 135,700 direct labor hours were worked. The company estimated that it would incur 5525 300 of manufacturing overhead during the year and that 150 300 direct labor hours would be worked Was manufacturing overhead overallocated or underallocated for the year? By how much? (Round intermediary calculations to the nearest cent) OA. $56.700 underallocated OB. 5107,550 underallocated OC. $56.700 overallocated D. 5107550 overallocated