The following account balances at the beginning of January were selected from the general ledger of Fresh Bagel Manufacturing Company: Work in process inventory Raw materials inventory Finished goods inventory Additional data: 1. Actual manufacturing overhead for January amounted to $65,300. 2. Total direct labor cost for January was $63,400. $0 $28,600 $40,300 3. The predetermined manufacturing overhead rate is based on direct labor cost. The budget for the year called for $251,000 of direct labor cost and $301,200 of manufacturing overhead costs. 4. The only job unfinished on January 31 was Job No. 151, for which total direct labor charges were $5,800 (800 direct labor hours) and total direct material charges were $14,500. 5. Cost of direct materials placed in production during January totaled $123,900. There were no indirect material requisitions during January. 6. January 31 balance in raw materials inventory was $35,200. 7. Finished goods inventory balance on January 31 was $34,500. Has manufacturing overhead been overallocated or underallocated and by what amount as of January 31? A. $10,780 underallocated B. $23,940 underallocated C. $23,940 overallocated D. $10,780 overallocated ...