ABSORPTION COSTING Definition

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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.

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DUN is when you importune (beg or are insistent upon) a debtor for payment: a dunning letter.

EITF see EMERGING ISSUES TASK FORCE.

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