Ron Ltd. produces tables. The company has budgeted overheads of 200,000 and the expected level of production is 2,500 tables. After the production period, the production level was 5,000 tables and the actual fixed production overheads is 320,000. Considering this information, which of the following statements is true? Select one: a. There is over-absorption of overheads of 300,000. b. There is under-absorption of overheads of 80,000 which decreases profit. C. There is over-absorption of overheads and, during the year, the absorbed overheads equal 400,000. d. None of the answers is true