The master budget of Sheridan Company shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $720000 Machine supplies 180000 Indirect materials 150000 90000 Depreciation on factory building Total manufacturing overhead $1140000 A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of $1140000. $1278000. $1368000. $1350000. On January 1, Swifty Corporation has a beginning cash balance of $126000. During the year, the company expects cash disbursements of $930000 and cash receipts of $770000. If Swifty requires an ending cash balance of $110000, Swifty Corporation must borrow $286000. $76000. $110000. $144000