One of the mysteries of the English language finally explained.
A method of calculating the cost of a product or enterprise by taking into account indirect expenses (overheads) as well as direct costs.
- ‘The argument for using absorption costing in external reports seems to be based on the matching principle.’
- ‘The ATO opinion was that full absorption costing was necessary for all retail and wholesale businesses.’
- ‘This booklet covers key areas within absorption costing such as product and period cost, advantages of marginal costing and advantages of absorption costing, and when to use these methods.’
- ‘It can bee seen that it is clear that the method of absorption costing adopted can have far reaching implications when considering the costing of any job.’
- ‘This is not to say that there is no role for absorption costing in business.’
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