7 0.5 pts Gilli Manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on direct labor costs. The production details for the year are given below Total manufacturing overhead costs estimated at the beginning of the year Total direct labor costs estimated at the beginning of the year Total direct labor hours estimated at the beginning of the year Actual manufacturing overhead costs for the year Actual direct labor costs for the year Actual direct labor hours for the year $140,000 $320,000 10,000 direct labor hours $160,000 $360,000 12,200 direct labor hours Calculate the amount of over or under-allocation of manufacturing overhead cost at the end of the year based on the above data. O $2,500 under-allocated O $17,500 over-allocated O $2,500 over-allocated O $17,500 under-allocated Previous Next