The role of managerial accounting.

There are overhead costs in virtually every type of business. What are some of the overhead costs at your company or a company that you are familiar with?

Describe some of the overhead costs and see if you can find out how the overhead is calculated, allocated, and applied...or how you think they should be calculated, allocated, and applied.

Manufacturing companies are not the only ones that must assign labor and overhead rates.

Professional service firms (think public accounting, management consulting, etc.) do as well.

What types of similarities and differences exist between the overhead information needed for manufacturing and service companies?

500 words.