A business allocates its overheads using machine hours as the basis. The information given is as follows. Overheads: actual $960000$, budgeted $900000$ Machine hours: actual $6200$, budgeted $6000$ By how much were overheads under-absorbed or over-absorbed?
- Aover-absorbed by $30000$
- Bunder-absorbed by $30000$
- Cover-absorbed by $60000$
- Dunder-absorbed by $60000$