1) From the following details provided by Nutshell loc, prepare the manufacturing overhead budget for the year 2016: First Quarter 15,000 $45 Second Quarter 18,000 $45 Third Qurter 21,000 $45 Fourth Quarter 24,000 $45 Budgeted production units Variable overhead cost per unit Freedoverhead costs Depreciation Supplies insurance Direct labor hours $3,000 5,000 12,500 $3,000 5.750 7,500 $3,000 6.250 17,200 $3,000 7,250 12,800 Prepare the manufacturing overhead budget for the year 2015. Also, calculate the overhead allocation rate, using direct labor hours as the allocation base Nutshell Inc Manufacturing Overhead Badget For the Year Ended December 31, 2016 First Quarter Second Quarter Third Quarter Fourth Ourter Total Budgeted units to be produced