Dictionary definition: absorption costing

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 produced. Production overhead costs are initially charged to cost centres by allocation and apportionment; absorption rates are then calculated ...

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

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 ...

Article: Absorption costing for decision-making.
Management Accounting (British);  October 1, 1997 ;     700+ words ... ... textbook writers, who continue to present ABC as primarily a product costing system--a more sophisticated absorption costing system, using a number of absorption bases (cost drivers), rather than just one volume related basis such ...

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 ...

Article: Cost centres: the inside story
The Independent - London;  July 19, 1995 ;     700+ words ...Cost centres are now central to public service management ... adopt them. While the significance of cost centres and internal charging has been accepted ... When allied to resource accounting, cost centres make managers more aware of their use ...