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Supply Chain > Absorption Costing
The following information is about Absorption Costing.
Absorption Costing Defined
In cost management, an approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to each unit of production. The fixed costs are usually allocated to units of output on the basis of direct labor hours, machine hours, or material costs.
Synonym - Allocation Costing.
Accelerated Commercial Release Operations Support System (ACROSS): A Canada Customs system to speed the release of shipments by allowing electronic transmission of data to and from Canada Customs 24 hours a day, 7 days a week.
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Off-site Absorption Costing Links, User Submitted
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- Yahoo > Absorption Costing
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