💡 Words with a Similar Meaning to "Absorption costing"
Found via reverse dictionary — words that share a conceptual meaning.
| Word | Definition |
|---|---|
| costingverb | The estimation of the cost of a process or product. |
| indirect costnoun | (finance, business, accounting) Any cost that is not directly accountable to a cost object (such as a particular project, facility, function, or product). They include administration, personnel and security costs. |
| accounting costnoun | (economics) The total amount of money or goods expended in an endeavor, in which it is paid out at some time and recorded in journal entries and ledgers. |
| actual costnoun | (business) The entire expense incurred in acquiring an item, including freight, duty, etc. |
| should-costnoun | (business, countable) A price determined by this means. |
| direct costnoun | (finance, accounting, business) A cost that can be directly attributed to a cost object (such as a particular project, facility, function, service, or product). |
| cost objectnoun | (accounting) Something to which costs are assigned; anything for which a separate measurement of cost is required. |
| fixed costnoun | (accounting, chiefly in the plural) A cost of business which does not vary with output or sales; an overhead. |
| indirect | Not direct: |
| landed costnoun | (business) The end cost of an internationally shipped item. This includes purchase price, freight, insurance, and other costs and may sometimes include duties and taxes. |
| cost objectivenoun | (accounting) The purpose for which costs are measured. |
| variable costnoun | (accounting) A cost that changes with the change in volume of activity of an organization. |
| cost centernoun | (accounting, management) A division or project of an organization to which costs can be specifically allocated. |
| operating costnoun | (business, accounting) Expense which is related to the operation of a business. |
| cost-benefit analysisnoun | Any comparison of costs and benefits. |
| cost benefit analysisnoun | Alternative spelling of cost-benefit analysis. [(finance, economics) A methodology to help appraise or assess the case for a project or proposal, by estimating the net cost or benefit of the project of proposal.] |
| cost avoidancenoun | (management, accounting) An expense one has avoided incurring. |
| cost of goods soldnoun | (finance, accounting) The expense of acquiring the inventory that is sold during a given accounting period. |
| overheadnoun | (uncountable, business, accounting) The expense of a business not directly assigned to goods or services provided. |
| cost centrenoun | (UK, accounting, management) Alternative form of cost center. [(accounting, management) A division or project of an organization to which costs can be specifically allocated.] |
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