UNABSORBED COSTS Definition

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UNABSORBED COSTS occurs when the cost structure does not fully reflect all variable and/or fixed costs.

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NOT-FOR-PROFIT ACCOUNTING is the adherence to NFP ACCOUNTING STANDARDS. These standards are established by the Financial Accounting Standards Board (FASB) or the Government Accounting Standards Board (GASB). Additionally, the American Institute of Certified Public Accountants (AICPA) influences the accounting for nonprofit organizations with its industry and accounting guides and Statements of Position (SOPs).

DISC is Domestic International Sales Corporation.

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