From the following details provided by Nutshell Inc., prepare the manufacturing overhead budget for the year 2015.

Prepare the manufacturing overhead budget for the year 2015. Also, calculate the overhead allocation rate, using direct labor hours as the allocation base.

Budgeted production units Variable overhead cost per unit Fixed overhead costs: Depreciation Supplies, insurance Direct labor hours First Second Third Fourth Quarter Quarter Quarter Quarter 15,000 18,000 21,000 24,000 $45 $45 $45 $45 $3,000 $3,000 $3,000 $3,000 5,000 5,750 6,250 7,250 12,500 7,500 17,200 12,800