From the Following Details Provided by Chestnut,Inc

question 155

Essay

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.
$$\begin{array} { | l | r | r | r | r | } \hline & { \begin{array} { c } \text { First } \\\text { Quarter }\end{array} } & \begin{array} { c } \text { Second } \\\text { Quarter }\end{array} & { \begin{array} { c } \text { Third } \\\text { Quarter }\end{array} } & \begin{array} { c } \text { Fourth } \\\text { Quarter }\end{array} \\\hline \text { Budgeted production units } & 15,000 & 18,000 & 21,000 & 24,000 \\\hline \text { Variable overhead cost per unit } & \$ 45 & \$ 45 & \$ 45 & \$ 45 \\\hline \text { Fixed overhead costs: } & & & & \\\hline \text { Depreciation } & \$ 3,000 & \$ 3,000 & \$ 3,000 & \$ 3,000 \\\hline \text { Rent } & \$ 5,000 & \$ 5,750 & \$ 6,250 & \$ 7,250 \\\hline \text { Direct Labor Hours } & 12,500 & 14,500 & 17,200 & 12,800 \\\hline\end{array}$$

---

Definitions:

Genetic Map

A genetic map is a representation of the order and approximate distances between genes or other DNA sequences on a chromosome, valuable for understanding genetic linkage and inheritance patterns.

Dominant Gene

An allele that expresses its phenotypic effect even when heterozygous with a recessive allele, determining the characteristic it codes for.

Recessive Gene

A gene that must be present on both chromosomes in a pair to express a recessive trait, unlike a dominant gene where only one is necessary for the trait to be expressed.

Cystic Fibrosis

A genetic disorder that affects the lungs and digestive system, characterized by thick, sticky mucus that can clog airways and trap bacteria.