A business applies its overheads using direct labour hours as the absorption basis. The information given is: - Overheads: actual $560000, budgeted $546000 - Direct labour hours: actual 19300, budgeted 18200 What is the amount of under- or over-absorption of overheads?
- Aover absorbed by $14000
- Bunder absorbed by $14000
- Cover absorbed by $19000
- Dunder absorbed by $19000