absorbed costs

Definition

Popular Terms

Indirect costs that are affiliated with manufacturing, such as expenses for insurance or property taxes for a manufacturing building. When total costs are determined, then the implicit costs are not considered but rather are included in a separate account.

quality

process

production

backorder

procedure

fixed cost

marginal cost

equipment

You Also Might Like...

Coinsurance vs. Copay

When choosing a health insurance plan a key distinction to be aware of is whether the plan comes with coinsurance or copay requirements. Both require you to pay for part of your health care costs, and relieve the insurance company of the total cost ... Read more

How to Save on Health Insurance

The majority of small businesses would like to offer health insurance to their employees as it allows them to attract and retain high-caliber talent. But the expense involved can be a major constraint. The National Small Business Association's ... Read more

ADVERTISEMENT

Term Life Insurance vs. Whole Life Insurance

When choosing a life insurance policy two of the main types of plans available are term life insurance and whole life insurance. There are major differences between the two types of policies and this article will assist you with making the choice ... Read more

Email Print Embed

Copy & paste this HTML in your website to link to this page

Browse Dictionary by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z