The business uses machine hours as the basis for absorbing overheads. For the most recent quarter, the budgeted and actual figures were as follows. Actual overheads: $118505$ Actual machine hours: $6230$ Budgeted overheads: $126725$ Budgeted machine hours: $6850$ Find the amount by which overheads were over-absorbed or under-absorbed.
- AOver absorbed by $3250
- BOver absorbed by $8220
- CUnder absorbed by $3250
- DUnder absorbed by $8220