absorption costing Meaning in the Cambridge English Dictionary
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Meaning of “absorption costing” in the English Dictionary

"absorption costing" in Business English

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absorption costingnoun [U]

uk   us   (also full costing)
ACCOUNTING a ​method of ​calculating the ​cost of a ​product where all fixedcosts (= ​costs that are the same each month) are ​included
(Definition of absorption costing from the Cambridge Business English Dictionary © Cambridge University Press)
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