During March, Baux, Corp. allocated overhead based on a standard rate of $10/direct labor hour. Data is as follows: Job 1 had 100 hours of labor, Job 2 had 120 hours of labor, and Job 3 had 200 hours of labor. Job 2 was sold and shipped. Job 3 was still in production. Job 1 was finished but not yet sold. Actual overhead per the financial records was $5,000. What is the amount of under or over-allocated overhead?

Box 1: Select the best answer