From the following details provided by NutShell Inc.,prepare the manufacturing overhead budget for the year 2015.Also,calculate the overhead allocation rate,using direct labor hours as the allocation base.
Definitions:
IRR
The Internal Rate of Return (IRR) is a financial metric used to estimate the profitability of potential investments by calculating the interest rate at which the net present value of costs (cash outflows) of the investments equals the net present value of the benefits (cash inflows).
Internal Rate of Return
The specific interest rate at which the sum of all cash flows from a project equals a net present value of zero.
Net Present Value
An assessment that measures the current value of a dollar against its future value, considering the effects of inflation and returns.
Market Rates
The prevailing interest rates available in the marketplace for loans and deposits, set by the dynamics of supply and demand.
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