The following information was gathered for the Boiling Springs Corporation for the most recent year. Manufacturing overhead is allocated using machine hours. 
By how much is manufacturing overhead over or underallocated?
Definitions:
Aggregate Supply
The total supply of goods and services that firms in an economy are willing and able to sell at a given overall price level in a given time period.
Aggregate Demand
The total demand for all goods and services within a particular market or economy at a given overall price level and in a given period.
Real Exchange Rate
Measures the value of goods in one country compared to those in another, adjusting for price level differences.
Net Exports
The value calculated by subtracting a country's total value of imports from its total value of exports, which reflects a country's external trade balance.
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