budgeted and actual data for a company are as follows:
Actual
Budgeted
29.000
30.000
€ 275.000,00
Direct Labour Hours
€ 270.000,00
38.000
Direct Wages
40.000
€ 323.000,00
Machine Hours
Direct Materials
€ 310.000,00
420.000
425.000
€ 235.000,00
Units Produced
Overheads
€ 240.000,00
The cost accountant of this company has decided that overheads should be absorbed on the basis of direct labour hours.
What is the amount of under- or over-absorbed overheads for this company?