Bookmark and Share

ABSORPTION COSTING is the method under which all manufacturing costs, both variable and fixed, are treated as product costs with non-manufacturing costs, e.g. selling and administrative expenses, being treated as period costs.

Learn new Accounting Terms

DCAA is the Defense Contract Audit Agency.

SEPARABLE COSTS are all costs (manufacturing, marketing, distribution, etc.) incurred beyond the split-off point that are assignable to one or more individual products.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.