Biltz Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. During the year, the company actually incurred hours were worked. The company estimated that it would incur $525,800 of manufacturing overhead during the year and that 150,500 direct labor hours would be worked. By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent.) OA. $56,600 overallocated OB. $110,203 overallocated OC. $56,600 underallocated OD. $110,203 underallocated 1