A company allocates overheads on the basis of machine hours. The information below is provided. Budgeted: overheads $200000; machine hours 40000 hours Actual: overheads $240000; machine hours 60000 hours What amount of over- or under-absorption of overheads occurred?
- A$40000 over
- B$40000 under
- C$60000 over
- D$60000 under