Seattle Enterprises produces LCD touch screen products. The company reports the following information at December 31, 2012: Work in process inventory Finished goods inventory Materials inventory 47,000 31,400 28,000 62,000 53,900 123,000 123,000 109,000 Wages payable Manufacturing overhead 74,000 3,400 53,900 12,000 36,500 1. What is the actual manufacturing overhead of Seattle Enterprises? 2. What is the allocated manufacturing overhead? 3. Is manufacturing overhead underallocated or overallocated? By how much