Question: Gelly Corp. allocates manufacturing overhead using machine hours. Gelly estimated 12,000 machine hours and $93,000 of manufacturing overhead costs for the year.Actual machine hours were

Gelly Corp. allocates manufacturing overhead using machine hours. Gelly estimated 12,000 machine hours and $93,000 of manufacturing overhead costs for the year.Actual machine hours were 16,000, and the following actual costs were incurred: Direct Labor: $75,000, Period Costs: $137,000, Manufacturing Overhead: $83,000 How much is Manufacturing Overhead under- or over-allocated? A. $10,000 underallocated B. $ 10,000 overallocated C. $41,000 underallocated D. $41,000 overallocated
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