Rexon Ltd uses a standard labour hour rate to charge its overheads. In the year ending August 2020, production overheads were under-absorbed by 19,250. The anticipated standard labour hours for the period were 38,000 hours while the standard hours actually were 38,500. The actual production overheads incurred in the period were 481,250. The budgeted production overheads for the period were 456,000 None of the above. 462,000 475,000