Peters Company uses a flexible budget system and prepared the following information for the year: Peters operated at 80% of capacity during the year but applied manufacturing overhead based on the 90% capacity level. Assuming that actual manufacturing overhead was equal to the budgeted amount for the attained capacity, what is the amount of overhead variance for the year? A. $12,000 overabsorbed. B. $6,000 overabsorbed. C. $12,000 underabsorbed. D. $6,000 underabsorbed