From the following details provided by Chestnut,Inc.,prepare the manufacturing overhead budget for the year.Also,calculate the predetermined overhead allocation rate,using direct labor hours as the allocation base.
Definitions:
Denial
A defense mechanism where a person refuses to accept reality or facts, blocking external events from awareness.
Defense Mechanism
Unconscious psychological strategies employed to protect oneself from anxiety or social sanctions and to provide a refuge from a situation with which one cannot currently cope.
Painful Realities
The acceptance or acknowledgment of difficult, distressing, or unpleasant truths or situations.
Rationalization
A defense mechanism in which controversial behaviors or feelings are justified and explained in a seemingly rational or logical manner to avoid the true explanation.
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