A company's planned activity level for next year is expected to be 140,000 machine hours. Al this level of activity, the company budgeted the following manufacturing overhead costs: Variable Fixed Indirect materials 140,000 Depreciation 30,000 Indirect labor 180,000 5,000 Factory supplies 30,000 Supervision A flexible budget prepared at the 80,000 machine hours level of activity would show total manufacturing overhead costs of Taxes 60,000 300,000 445,000 350,000 295,000