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absorption costing. In DICTIOUS you will not only get to know all the dictionary meanings for the word
absorption costing, but we will also tell you about its etymology, its characteristics and you will know how to say
absorption costing in singular and plural. Everything you need to know about the word
absorption costing you have here. The definition of the word
absorption costing will help you to be more precise and correct when speaking or writing your texts. Knowing the definition of
absorption costing, as well as those of other words, enriches your vocabulary and provides you with more and better linguistic resources.
English
Pronunciation
- (US) IPA(key): /æbˈsɔɹp.ʃn̩ ˈkɑs.tɪŋ/, /æbˈzɔɹp.ʃn̩ ˈkɑs.tɪŋ/, /əbˈzɔɹp.ʃn̩ ˈkɑs.tɪŋ/, /əbˈsɔɹp.ʃn̩ ˈkɑs.tɪŋ/
Noun
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
- 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.