Question 17 (3 points) JBC Inc. allocates manufacturing overhead based on direct labour hours. The company estimated the following information for the year: Manufacturing overhead $210,000 Direct labour hours 50,000 At year-end the company compiled the following information: Actual direct labor hours 58,000 Actual manufacturing overhead $292,000 The amount of over- or under-allocated overhead for the year is: a) $33,600 overallocated b) $33,600 underallocated c) $48,400 overallocated