A company applies a machine hour basis when absorbing its overheads. The information below relates to its most recent period. Overheads: actual $299000$, budgeted $350000$. Machine hours: actual $46000$, budgeted $50000$. Which statement about overheads is correct?
- AThey were over absorbed by $23000$.
- BThey were under absorbed by $23000$.
- CThey were over absorbed by $51000$.
- DThey were under absorbed by $51000$.