The Upside Down, Inc. is a manufacturer of D'Artagnan replica stuffed animals, affectionately referred to as "Dart" by fans. The company allocates manufacturing overhead to production using a single, plantwide overhead rate based on the most appropriate cost driver for its highly automated manufacturing environment. The following information is available for the year ended December 31, 1983: Estimated Manufacturing Overhead $400,000 Estimated Direct Labor Hours 50,000 Estimated Machine Hours 8,000 Actual Direct Labor Hours 55,000 Actual Machine Hours 12,000 Actual Manufacturing Overhead $362,000 By what amount is MOH overallocated or underallocated for the year? Question 6 options: Overallocated by $38,000 Underallocated by $58,000 Underallocated by $238,000 Overallocated by $238,000 Overallocated by $58,000