For Absorption Costing we have terms and definitions in 3 topics. The topics are Accounting, Business and Supply Chain.

Absorption Costing (Accounting)

is the method under which all manufacturing costsboth variable and fixedare treated as product costs with non-manufacturing costse.g. selling and administrative expensesbeing treated as period costs.

Absorption Costing (Business)

An accounting practice in which fixed and variable costs of production are absorbed by different cost centers.

Absorption Costing (Supply Chain)

In cost management, an approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to each unit of production. The fixed costs are usually allocated to units of output on the basis of direct labor hours, machine hours, or material costs.
Synonym - Allocation Costing.
Accelerated Commercial Release Operations Support System (ACROSS): A Canada Customs system to speed the release of shipments by allowing electronic transmission of data to and from Canada Customs 24 hours a day, 7 days a week.

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