Question 1 Not yet answered Marked out of 1 Flag question Delco Inc. absorbs overhead on the basis of machine hours. The company's pre-determined overhead rate is $3.5 per machine hour its budget of 34,000 hours. During the year the company incurred actual overheads of $124,125 and under absorbed overhead by $3,130. Calculate the overheads absorbed for the period. O a $120,995.00 O b. $124,125.00 Oc $119,000.00 Od. $127,255.00