absorption costing en · NOUN
Pronunciation
- /æbˈsɔɹp.ʃn̩ ˈkɑs.tɪŋ/ (US)
- /əbˈsɔɹp.ʃn̩ ˈkɑs.tɪŋ/ (US)
- /əbˈzɔɹp.ʃn̩ ˈkɑs.tɪŋ/ (US)
- /æbˈzɔɹp.ʃn̩ ˈkɑs.tɪŋ/ (US)
Meanings
- (countable, uncountable) An accounting method to calculate the total cost of a product by factoring both direct and indirect costs.
Forms
| Spelling | Features | Labels | Source |
|---|---|---|---|
| absorption costings | Number=Plur | lexicographic |