The following transactions were incurred by Whooley Fabricators during January, the first month of its fiscal year.

Requirements
1. Record the proper journal entry for each transaction.
a. $ 205,000 of materials was purchased on account.
b. $ 174,000 of materials was used in production; of this amount, $ 146,000 was used on specific jobs.
c. Manufacturing labor and salaries for the month totaled $ 210,000. $ 200,000 of the total manufacturing labor and salaries was traced to specific jobs, and the remain-der was indirect labor used in the factory.
d. The company recorded $ 16,000 of depreciation on the plant and plant equipment. The company also received a plant utility bill for $ 14,000.
e. $ 56,000 of manufacturing overhead was allocated to specific jobs.
2. By the end of January, was manufacturing overhead overallocated or underallocated? By how much?