Dictionary definition: absorption

Article: Hayashi Construction, Inc.: a Business Method of Accounting Using ...
Business Wire;  June 11, 2008 ;     700+ words ... ... invention entitled "Accounting System for Absorption Costing." Absorption costing is an accounting system generally and widely ... external income statement. Representative absorption costing is standard costing under absorption costing ...

Dictionary definition: absorption costing
A Dictionary of Business and Management;      310 words ...absorption costing ( full absorption costing ; total absorption costing ) The cost accounting system in which the overheads of an organization are charged to the production by means of the process of absorption . Costs are first apportioned to cost ...

Dictionary definition: total absorption costing
A Dictionary of Business and Management;      236 words ...total absorption costing See absorption costing .

Article: Absorption costing for decision-making.
Management Accounting (British);  October 1, 1997 ;     700+ words ... ... decision making Received wisdom has it chat absorption costs should not be used for decision ... costing system--a more sophisticated absorption costing system, using a number of absorption bases (cost drivers), rather than just ...

Article: Japanese Inventor Develops Accounting System for ...
US Fed News Service, Including US State News;  November 28, 2007 ;     517 words ... ... Japan, has developed an accounting system for absorption costing. According to the U.S. Patent & Trademark ... accounting system for an income statement under absorption costing (full costing), with a means for identifying ...

Dictionary definition: full absorption costing
A Dictionary of Accounting;      297 words ...full absorption costing A costing method that charges all the production costs to the units ... initially charged to cost centres by allocation and apportionment; absorption rates are then calculated using the total cost centre overheads by ...

Dictionary definition: total-absorption costing
A Dictionary of Finance and Banking;      302 words ...total-absorption costing A method of arriving at the cost of producing goods and services that allocates to them not only such direct costs as labour and ...