Managers are less likely to consider a budget fair if the company uses a"bottom-up" budget approach. a "top-down" budget approach. a "flexible" budget approach. a "participative" budget approach. If a company's required rate of return is 12% and, in using the net present value method, a project's net present value is zero, this indicates that the project earns a rate of return of 0% project's rate of return exceeds 12% project earns a rate of return of 12% project's rate of return is less than 12% Trepid Manufacturing Company prepared a static budget of 50,000 direct labor hours, with estimated overhead costs of $200,000 for variable overhead and $60,000 for fixed overhead. Trepid then prepared a flexible budget at 52,000 labor hours. How much is total budgeted overhead costs at this level of activity? $268,000 $260,000 $270,400 $262,400