Question 10 4.6 pts Araceli Manufacturing Company uses a normal cost system. The following information relates to the Company: Total budgeted manufacturing overhead cost at beginning of year $864,000 Budgeted manufacturing overhead rate (based on machine hours) $7.20 per hour Total manufacturing overhead cost incurred during the year $885,000 Total machine hours incurred during the year 118,000 hours What was Araceli's under-allocated or over-allocated overhead for last year? $35,400 over-allocated $21,000 over-allocated $15,000 under-allocated $35,400 under-allocated