A company absorbs overheads on a machine hour basis. During the year, actual machine hours were 17 285, actual overheads were N$496 500 and there was under-absorption of N$12 520. Calculate the company's budgeted overhead rate for the year. Select one: a. None of all b. N$28.72 c. N$39.72 d. N$27.72 e. N$28.00