In its annual financial plan for Year $1,$ a manufacturing company budgets that production overhead expenditure will be $$800,000$ and that there will be $100,000$ direct labour hours of work. It uses a single absorption rate, which is a rate per direct labourhour.Actual production overhead during Year $1$ was $$805,000$ and $105,000$ direct labour hours were worked Calculate under or over absorption of overheads