From the following details provided by​ Joey, Inc., what is the budgeted manufacturing overhead costs for the 1st quarter and for the 2nd ​ quarter, respectively?     1st Quarter 2nd Quarter Budgeted production in units 37,000 47,000 Variable overhead cost per unit $25 $25 Fixed overhead​ costs:         Depreciation $9,000 $9,000     Rent $14,000 $14,000 Direct Labor Hours 10,600 12,100

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.