The Galaxy89 Company uses job-order costing and has assembled the cost data below for the production and assembly of item X. Based on the data, determine if the manufacturing overhead of item X is either overallocated or underallocated and if so by how much $55,000 Direct manufacturing labor wages Direct materials used Indirect manufacturing labor $40,000 $8500 Utilities $11250 Fire Insurance Manufacturing overhead applied 18150 $350 Indirect materials 12105 Depreciation on equipment SO