A well esteemed organizations allows 30 days annual leave to its worker, whereas it is also estimated that the average absenteeism per worker would be 10 days in addition to this eligibility criteria. The shift of production team starts at 9:00 AM and lasts till 5:00 PM with a break between 1:00 to 2:00 PM. The production team works for Two hundred and Ninety days per year. The production team comprises of 20 workers. The production team recover overheads based on direct labor hour and it was allocated the budget of Rs. 75600 for overheads. However, the actual overheads were amounted to Rs 73200.

Calculate the over- or under-absorbed from the information.

Moreover, following details are also given: (i) The actual average absenteeism per workman was 13 days. (ii) The covid-19 pandemic resulted in the closure of factory, hence, 348 man hours were lost. (iii) The production team worked extra on the occasion of Eid ul Fitr but they had to be compensated by allowing one additional paid holiday. (iv) Total overtime hours (in addition to 3 extra days worked) amounted to 696 hours.