The following data is available for a paint department for the latest period? Budgeted production overhead $150,000 Actual production overhead $145,000 Budgeted labour hours 60,000 Actual labour hours 55,000 Which of the following statements is correct?
A.
Overhead was $5,000 over absorbed
B.
Overhead was $5,000 under absorbed
C.
Overhead was $7,500 over absorbed
D.
Overhead was $7,500 under absorbed