From the following details provided by chestnut inc. prepare the manufacturing overhead budget for the year. Also calculate the predrect Labor Hours ned overhead allocation rate, using direct labor hours as the allocation base. Budgeted production units 1st quarter)15000, 2nd)18000 3rd)21000 4th)24000 ; variable overhead cost per unit 1st quarter)$45 2nd)$45 3rd)$45 4th)$45; Depreciation 1st quarter) 3000 2nd)$3000 3rd)$3000 4th)$3000 ; Rent 1st quarter)$5000 2nd)5750 3rd)6250 4th)7250; Direct labor Hours 1st) 12500 2nd)14500 3rd)17200 4th)12800