Morgan Company uses a job costing system. Morgan Company estimated manufacturing overhead costs for the year at $330,200, based on 60,200 estimated direct labor hours. Actual direct labor hours for the year totaled 75,400. Actual manufacturing overhead for the year was $384,700. By how much was manufacturing overhead overallocated or underallocated for the year? (Round intermediary calculations to the nearest cent.) O A. $54,500 underallocated O B. $54,500 overallocated O C. $29,246 underallocated OD. $29,246 overallocated