A company's planned activity level for next year is expected to be 100000 machine hours. At this level of activity, the company budgeted the following manufacturing overhead costs: Variable Fixed Indirect materials $100000 Depreciation $60000 Indirect labor 160000 Taxes 10000 Factory supplies 16000 Supervision 50000 A flexible budget prepared at the 80000 machine hours level of activity would show total manufacturing overhead costs of $316800. $220800. $340800. $276000.