absorption costing

noun

a method of cost accounting in which overheads are apportioned to cost centres, where they are absorbed using predetermined ratesCompare marginal costing

Nearby words

  1. absorptiometry,
  2. absorption,
  3. absorption band,
  4. absorption chromatography,
  5. absorption coefficient,
  6. absorption dynamometer,
  7. absorption edge,
  8. absorption hygrometer,
  9. absorption spectrum,
  10. absorptive

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012