direct costing
Definition
Method in which the cost of a product or operation is determined by allocating to it an appropriate portion of the variable (direct) costs. Direct costing treats fixed costs (overheads such as administrative and selling costs) as period costs (associated with time and not output). Also called contribution costing or variable costing. See also absorption costing and marginal costing.
direct costing is in the Accounting & Auditing subject.
direct costing appears in the definitions of the following terms: absorption costing and variable costing
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