Reviewed by Margaret James Put simply, overhead costs are any and all costs not directly associated with generating profit for a firm. That is not to say overhead costs are not important or necessary.

Macy’s announced Monday that a single employee was responsible for so many accounting irregularities that the ... Although the questionable expenses were a small fraction of the $4.36 billion ...

Macy’s says an employee hid as much as $154 million in expenses The employee "intentionally made erroneous accounting accrual entries" to hide millions of dollars, Macy's said.