Reed Company produced 160,000 units in 75,000 direct labor hours. Production for the period was estimated at 165,000 units and 82,500 direct labor hours. A flexible budget would compare budgeted costs and actual costs, respectively, at

	75,000 hours and 75,000 hours
	80,000 hours and 75,000 hours
	82,500 hours and 75,000 hours
	80,000 hours and 82,500 hours