From the following details provided by Nutshell Inc., prepare the manufacturing overhead budget for the year 2016 First Quarter 15,000 $45 Second Quarter 18,000 $45 Third Quarter 21000 $45 Fourth Quarter 24,000 545 Badgeted production units Variable overhead cost per unit Fried overhead costs Depreciation Supplies, insurance Direct labor hours $3,000 5.000 12,500 53,000 5.750 7,500 $3,000 6.250 17,200 53,000 7250 12.00 Prepare the manufacturing overhead budget for the year 2015. Also calculate the overhead allocation rate, thing direct labor hours as the allocation base Nutshell Inc Manufacturing Overhead Budget For the Year Ended December 31, 2016 First Quarter Second Quarter Third Quarter Fourth Ourter Total Budgeted units to be produced