You were provided the below information regarding a furniture manufacturing company in relation to the past year activities: Actual manufacturing overheads - R175 000 Actual direct labour hours - 25 000 hours Actual sales - R600 000 Budgeted manufacturing overheads - R125 000 Budgeted direct labour hours - 20 000 hours Actual gross profit for the year - R185 000 Question: Calculate the overheads over- or under-absorbed