absorption rate
Definition
In absorption costing, the rate determined in advance for all cost centers for allocating fixed costs and variable costs (together or separately) to the output, in an accounting period. Also called recovery rate.
absorption rate is in the Accounting & Auditing, Banking, Commerce & Finance, Decision Making, Problem Solving, & Strategy and Industries, Manufacturing, & Technology subjects.
absorption rate appears in the definitions of the following terms: recovery rate and absorption costing
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