QUESTION 9 Gray Corporation has the following costs in its a planning budget for the month based on an activity level of 40,000 hours Activity level 40.000 Hours Variable costs 5 180.000 Fixed costs 720.000 it Gray's actual activity during the month was 35,000 hours, the total cost on its foxible budget would be $877,500 Not enough Information to determino $945,000 $787,500 $900,000