8. A business absorbs overhead based on direct labour hours, which were budgeted at 2,900 labour hours with the budgeted production overhead of RM43,500. Actual results were 2,750 direct labour hours and 2,500 machine hours. Actual overhead incurred for the period was RM42,500. Compute the over or under absorption of overhead. Show your detailed calculations for the answer. B. ABCD D. Over absorbed by RM1,250. Under absorbed by RM1,250. Over absorbed by RM3,373. Under absorbed by RM5,000. (2 marks)