absorption costing

English

Pronunciation

(US) IPA^(key): /æbˈsɔɹp.ʃn̩ ˈkɑs.tɪŋ/, /æbˈzɔɹp.ʃn̩ ˈkɑs.tɪŋ/, /əbˈzɔɹp.ʃn̩ ˈkɑs.tɪŋ/, /əbˈsɔɹp.ʃn̩ ˈkɑs.tɪŋ/

Noun

absorption costing (plural absorption costings)

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

References

“absorption costing” in Lesley Brown, editor, The Shorter Oxford English Dictionary, 5th edition, Oxford: Oxford University Press, →ISBN, page 9.

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