The following data is available for a paint department for the latest period. Budgeted production overhead $150,000 Actual production overhead $150,000 Budgeted machine hours 60,000 Actual machine hours 55,000 Which of the following statements is correct?
A.
There was no under or over absorption of overhead
B.
Overhead was $13,636 over absorbed
C.
Overhead was $12,500 over absorbed
D.
Overhead was $12,500 under absorbed