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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... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. 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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