Absorption Costing is the method under which all production costs, both variable and fixed, are treated as product costs with non-production costs, e.g. selling and administrative expenses, being treated as period costs. (ventureline.com Accounting Dictionary)

J. Jerrald Hayes on FacebookJ. Jerrald Hayes on Twitter
J. Jerrald Hayes
I am ex-architectural woodworker and general contractor turned IT, Business and Project Management consultant, software developer wannabe senior division triathlete and ski racer, Yankee fan and founder of Paradigm-360.com, 360 Difference Mac4Construction.com,iOS4Construction.com and now TheBuildingAndRemodelingWiki.com too.
Share This