Exercise 7-37 (Algo) Probate Over- or Underapplied Overhead (LO 7-3) Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs. For Year 2, 2M estimates its manufacturing overhead to be $425,100 and its direct labor costs to be $817,500.2M worked on three jobs for the year. Job 2M-1, which was sold during Year 2, had actual direct labor costs of $709,500. Job 2M-2, which was completed but not sold at the end of the year, had actual direct labor costs of $477,300. Job 2M-3, which is still in work-in-process inventory, had actual direct labor costs of $103,200. Actual manufacturing overhead for Year 2 was $706,000. Required: Prepare an entry to allocate over- or underapplied overhead to Work