TB MC Qu$.11-25($Algo$)$ Zhou, Incorporated is planning its overhead costs for...

Zhou, Incorporated is planning its overhead costs for an upcoming period when $109,000$ machine hours are expected to be worked. Activity may drop as low as $102,000$ hours if some overdue equipment maintenance procedures are performed; on the other hand, activity could jump to $118,000$ hours if one of Zhou's major competitors likely goes bankrupt. A flexible overhead budget would best be based on:

Multiple Choice

$102,000$ hours, $109,000$ hours, and $118,000$ hours.

$109,000$ hours.

$102000$ hours.

$118,000$ hours.

$102,000$ hours and $118,000$ hours.