Question 10 4.5 pts Araceli Manufacturing Company uses a normal cost system. The following information relates to the Company: Total budgeted manufacturing overhead cost at $864,000 beginning of year Budgeted manufacturing overhead rate (based $7.20 per on machine hours) hour Total manufacturing overhead cost incurred $885,000 during the year 118,000 Total machine hours incurred during the year hours What was Araceli's under-allocated or over-allocated Question 10 4.5 pts Araceli Manufacturing Company uses a normal cost system. The following information relates to the Company: Total budgeted manufacturing overhead cost at $864,000 beginning of year Budgeted manufacturing overhead rate (based $7.20 per on machine hours) hour Total manufacturing overhead cost incurred $885,000 during the year 118.000 Total machine hours incurred during the year hours What was Araceli's under-allocated or over-allocated overhead for last year? O $35,400 over-allocated $21,000 over-allocated $35,400 under-allocated O $15,000 under-allocated