Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. Selected data about the company's operations follows: Actual manufacturing overhead cost $500,000 Estimated manufacturing overhead cost $550,600 Estimated direct labor cost $175,500 Estimated direct labor hours 50,200 Actual direct labor hours 60,600 Estimated machine hours 40,100 Actual machine hours 35,700 By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent.) E) {:2- A. $164,782 overallocated