Bitz Company uses a predetermined overhead rate based on direct labor hours to alocate manufacturing overhead to jobs. During the year, the company actually incurred manufacturing overhead costs of $582,900 and 135,100 direct labor hours were worked. The company estimated that it would incur $525,600 of manufacturing overhead during the year and that 150,300 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.) O $57,300 overallocated O $110,050 underallocated O $110,050 overallocated $57,300 undererallocated