A company presents the data below

Budgeted overheads $500,000

Actual overhead $520,000

Overhead absorbed $480,000

Actual machine hours 12,000

What was the companys budgeted level of machine hours for the year?

Select one:

A. 12,500

B. 11,500

C. 10,500

D. 12,000

E. 11,000