A business allocates its overheads using machine hours. The information below is given. Overheads (actual): $564000$ Overheads (budgeted): $560000$ Machine hours (actual): $6700$ Machine hours (budgeted): $7000$ By how much are overheads under or over-absorbed?
- Aover-absorbed by $4000$
- Bunder-absorbed by $4000$
- Cover-absorbed by $28000$
- Dunder-absorbed by $28000$