article summary(Managerial Accounting)

Running head: Managerial Accounting Overhead Can Kill You Name: University: Course: Tutor: Date: Overhead Can Kill You In a business setting, overhead expense and overhead cost refer to the ongoing expense of business operation. This term overhead is used to group expenses that are important to the ongoing business function but cannot at the same time be linked to the services and products being offered. Over the past years, the process of coming to say that a company is bankruptcy is high at all time. Bankruptcy today is a very common thing among companies and individuals (Rao, 1997). The law of bankruptcy allows people to stop paying their debts by offering the debtors a discharge with a simple consequence. Cost accounting establishes budget and actual costs of operator’s productivity or departments or product and the variance analysis, processes, social use of funds or operators...