Zhou, Inc. is planning its cash needs for an upcoming period when 87,000 machine hours are expected to be worked. Activity may drop as low as 80,000 hours if some overdue equipment maintenance procedures are performed; on the other hand, activity could jump to 96,000 hours if one of Zhou's major competitors likely goes bankrupt. A flexible cash budget to determine cash needs would best be based on:

Multiple Choice 87,000 hours.

80,000 hours, 87,000 hours, and 96,000 hours.

80,000 hours and 96,000 hours.

96,000 hours.

80,000 hours.