ABSORPTION VARIANCE Definition

Bookmark and Share

ABSORPTION VARIANCE is the variance from budgeted absorption costing of manufactured product. See also ABSORPTION COSTING.

Learn new Accounting Terms

LIBID is the London Interbank Bid Rate, the rate that a bank is willing to pay for funds in the international interbank market.

PAYROLL BURDEN, in the U.S., includes the cost of your payroll administration, FICA, FUTA, SUTA, workers' compensation, etc., based on each $100.00 of payroll. For example: $100.00 of payroll earned + 37.56 payroll burden = $137.56 total payroll.

Suggest a Term

Enter Search Term

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