Absorption Costing is a system of costing where products and services absorb a share of indirect costs (FOH) such as business rates and rent, in addition to their direct costs such as labor and raw materials.
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Absorption Costing is a system of costing where products and services absorb a share of indirect costs (FOH) such as business rates and rent, in addition to their direct costs such as labor and raw materials.
« Back to Glossary Index