absorption costing
English edit
Pronunciation edit
- (US) IPA(key): /æbˈsɔɹp.ʃn̩ ˈkɑs.tɪŋ/, /æbˈzɔɹp.ʃn̩ ˈkɑs.tɪŋ/, /əbˈzɔɹp.ʃn̩ ˈkɑs.tɪŋ/, /əbˈsɔɹp.ʃn̩ ˈkɑs.tɪŋ/
Noun edit
absorption costing (countable and uncountable, plural absorption costings)
- (business) An accounting method to calculate the total cost of a product by factoring both direct and indirect costs.
References edit
- Lesley Brown, editor-in-chief, William R. Trumble and Angus Stevenson, editors (2002), “absorption costing”, in The Shorter Oxford English Dictionary on Historical Principles, 5th edition, Oxford, New York, N.Y.: Oxford University Press, →ISBN, page 9.