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English

absorption costing

/æbˈsɔɹp.ʃn̩ ˈkɑs.tɪŋ/ · noun

Meaning

  1. An accounting method to calculate the total cost of a product by factoring both direct and indirect costs.

Etymology / origin

No prose etymology has been added yet.

No ancestor words have been linked yet.

Related words

costing(English)indirect cost(English)accounting cost(English)actual cost(English)should-cost(English)direct cost(English)cost object(English)fixed cost(English)

Descendant words

No descendant words have been linked yet.

Sources

  1. DictionaryAPI.dev English dictionary data
absorption costing — meaning and etymology | WikiWord