A company allocates its overheads using machine hours. The information below refers to one month. Overheads: actual $237010$, budgeted $253450$ Machine hours: actual $12460$, budgeted $13700$ Which statement about overheads is correct?
- A$6500$ over-absorbed
- B$6500$ under-absorbed
- C$16440$ over-absorbed
- D$16440$ under-absorbed