Buckhorn Corporation bases its predetermined overhead rate on the estimated machine hours for the upcoming year. Data for the upcoming year appear below.Required: Compute the companys predetermined overhead rate.(Points : 25)2Matuseski Corporation is preparing its cash budget for October. The budgeted beginning cash balance is $17,000. Budgeted cash receipts total $187,000 and budgeted cash disbursements total $177,000. The desired ending cash balance is $40,000. The company can borrow up to $120,000 at any time from a local bank, with interest not due until the following month.Required: Prepare the companys cash budget for October in good form.(Points : 25)3.Bella Lugosi Holdings, Inc. (BLH), has collected the following operating information below for its current months activity.Using this information, prepare a flexible budget analysis to determine how well BLH performed in terms of cost control.(Points : 30)4.McMullen Co. manufactures automatic door openers. The company uses 15,000 electronic hinges per year as a component in the assembly of the openers.You have been engaged by McMullen to assist with an evaluation of whether the company should continue producing the hinges or purchase them from an outside vendor.The Accounting Department provided the following detail regarding the annual cost to produce electronic hinges.The Procurement Department provided the following supplier pricing.The supplier pricing was obtained in response to a formal request for proposal (RFP).Procurement has determined these suppliers meet McMullens technical specifications and quality requirements.If McMullen stops producing the part internally, 10% of the fixed manufacturing overhead would be eliminated.Required: Prepare a make-or-buy analysis showing the annual advantage or disadvantage of accepting an outside suppliers offer.(Points : 30)5.(TCO E) Topple Company produces a single product. Operating data for the company and its absorption costing income statement for the last year are presented below.Variable manufacturing costs are $4 per unit. Fixed factory overhead totals $18,000 for the year. This overhead was applied at a rate of $2 per unit. Variable selling and administrative expenses were $1 per unit sold.Required: Prepare a new income statement for the year using variable costing. Comment on the differences between the absorption costing and the variable costing income statements.(Points : 30)6.The following data (in thousands of dollars) have been taken from the accounting records of the Maroon Corporation for the just-completed year.Use the above data to prepare (in thousands of dollars) a schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold for the year. In addition, what is the impact on the financial statements if the ending finished goods inventory is overstated or understated?(Points : 25)7.Carter Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below.Required: Calculate the equivalent units for materials (using the weighted-average method) for the month in the first processing department.(Points : 25)8.(Ignore income taxes in this problem.) Five years ago, the city of Paranoya spent $30,000 to purchase a computerized radar system called W.A.S.T.E. (Watching Aliens Sent To Earth). Recently, a sales rep from W.A.S.T.E. Radar Company told the city manager about a new and improved radar system that can be purchased for $50,000. The rep also told the manager that the company would give the city $10,000 in trade on the old system. The new system will last 10 years. The old system will also last that long but only if a $4,000 upgrade is done in 5 years. The manager assembled the following information to use in the decision regarding which system is more desirable.Required:(a) What is the city of Paranoyas net present value for the decision described above? Use the total cost approach.(b) Should the city of Paranoya purchase the new system or keep the old system?(Points : 35)9.(TCO B) Aziz Corporation produces and sells a single product. Data concerning that product appear below.Required: Determine the monthly break-even in either unit or total dollar sales. Show your work!(Points : 25)