What does Absorption Costing mean?
A method of costing that assigns all manufacturing costs (direct and indirect, fixed and variable) to the manufactured products.
Under absorption costing, the cost of a product includes fixed manufacturing overheads.
Absorption Costing in German, French, Spanish and Italian
GermanVollkostenrechnung
Vorgeschrieben für die externe Rechnungslegung (HGB/IFRS).
FrenchMéthode du coût complet
also Absorption costing
Inclut tous les coûts de production, y compris les frais fixes.
SpanishCosteo por absorción
also Costo total
Asigna todos los costos de fabricación al producto final.
ItalianCosti pieni
also Absorption costing
Include tutti i costi fissi e variabili di produzione nel costo unitario.
Common phrases with Absorption Costing
- income absorption costing
- method absorption costing
- overhead absorption costing
- inventory absorption costing
Synonyms and opposites for Absorption Costing
- Synonym Full costing
- Opposite Variable costing
- Opposite Direct costing