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Definition: Absorption Costing is an inventory valuation and costing model that includes ALL manufacturing costs (like direct materials, direct labor, and both variable and fixed manufacturing overhead) in the cost of a unit of product. |
More on financial management: Accounts Receivable Factoring, Credit Management, Credit Rating, Customer Profitability Analysis, Debt Settlement, more on financial management... MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject.
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