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

ERROR OF ORIGINAL ENTRY, in accounting, occurs when the double entry is made but using an incorrect figure.

RESCIND is to revoke, cancel, or repeal a law, order, or agreement.

Suggest a Term

Enter Search Term

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