A company absorbs overheads on machine hours. In a period, actual machine hours were 22,435 , actual overheads were $496,500 and there was over absorption of $64,375. What was the budgeted overhead absorption rate per machine hour? $25 $19 $22 $27 10 points A company uses an overhead absorption rate of $3.50 per machine our, based on 32.000 budgeted machine hours for the period. During the same period the actual total overhead expenditure amounted to $108,875 and 30,000 machine hours were recorded on actual production. By how much was the total overhead under or over absorbed for the period? Over absorbed by 53,875 Under absorbed by $7,000 Under absorbed by $3.875 Over absorbed by $7,000