Hilltop Manufacturing uses a predetermined manufacturing overhead rate based on machine hours to allocate manufacturing overhead to jobs. Selected data about the company's operations follows: 
By how much was manufacturing overhead overallocated or underallocated for the year?
Definitions:
Residual Value
The estimated value that an asset will have at the end of its useful life, after depreciation has been accounted for.
EVA
Economic Value Added, a measure of a company's financial performance based on residual wealth calculated by deducting cost of capital from its operating profit.
Company Tax Rate
The percentage of a corporation's profits that is paid to the government as tax.
WACC
Weighted Average Cost of Capital; a calculation that reflects the cost of a company's financing including both debt and equity.
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