absorption costing
nounUS /æbˈsɔɹp.ʃn̩ ˈkɑs.tɪŋ/
1
Business An accounting method to calculate the total cost of a product by factoring both direct and indirect costs.
Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.
noun
US /æbˈsɔɹp.ʃn̩ ˈkɑs.tɪŋ/
Business An accounting method to calculate the total cost of a product by factoring both direct and indirect costs.
Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.
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