Croesus Enterprises absorbs fixed production owerheads on the basis of machine hours in one of its production departments. The budgeted machine houss for the previous period were 100000 and the foxed production overhead absorption rate was 925,00 per machine horr At the end of the period, the following actual results were recorded: Michine hous 110000 Fixed production overheads R3 000000 Required: Which of the following statements is correct? A. No under - or over-absorption oxcurred. B. Overhead was Rs00 000 over absorbed. C Overhead was Ra50 000 over absorbed. D. Overhead was Raso 000 under-absorbed