QUESTION 27 The Company uses a predetermined overhead rate based on machine hours to alocate manufacturing overhead to jobs. The company estimated that it would incur $600,000 of manufacturing overhead during the year and that 250,300 machine hours would be used. During the year, the company actually incurred manufacturing overhead costs of $582,000 and 240,700 machine hours were used. By how much was manufacturing overhead overallocated or underallocuted for the year? (Round intermediary calculations to the nearest cont and the final answer to the nearest dollar.) $4320 underorallocated $4320 overallocated $18,000 overallocated $18,000 underallocated