A company uses an overhead absorption rate of R35.00 per machine hour, based on 32000 budgeted machine hours for the period. During the same period the actual total overhead expenditure amounted to R1 085750 and 30000 machine hours were recorded on actual production. By how much was the total overhead under- or over-absorbed for the period? A. Over-absorbed by R35 750 B. Over-absorbed by R34 250 C. Under-absorbed by R34 250 D. Under-absorbed by R35 750