absorption costing
absorption costing · absorption costings
An accounting method to calculate the total cost of a product by factoring both direct…An accounting method to calculate the total cost of a product by factoring both direct and indirect costs.
US/æbˈsɔɹp.ʃn̩ ˈkɑs.tɪŋ/
Meaning
1 senses(countable, uncountable)An accounting method to calculate the total cost of a product by factoring both direct and indirect costs.
Forms
plural: absorption costings| Singular | absorption costing |
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| Plural | absorption costings |
regular
Lessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable