overhead absorption

overhead absorption

Accounting dictionary. 2014.

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Look at other dictionaries:

  • overhead absorption rate — UK US noun [C] ► ACCOUNTING ABSORPTION RATE(Cf. ↑absorption rate) …   Financial and business terms

  • overhead absorption rate — See: absorption rate …   Accounting dictionary

  • absorption rate — overhead absorption rate; = recovery rate The rate or rates calculated in an absorption costing system in advance of an accounting period for the purpose of charging the overheads to the production of that period. Absorption rates are calculated… …   Accounting dictionary

  • absorption rate — overhead absorption rate; recovery rate The rate or rates calculated in an absorption costing system in advance of an accounting period for the purpose of charging the overheads to the production of that period. Absorption rates are calculated… …   Big dictionary of business and management

  • overhead efficiency variance — overhead productivity variance; = productivity variance In a standard costing system, that part of the overhead total variance that arises from the more or less efficient use of the time available to carry out the actual production. It compares… …   Accounting dictionary

  • absorption rate — ➔ rate1 * * * absorption rate UK US noun [C] ► (also overhead absorption rate, also recovery rate) ACCOUNTING the percentage of fixed costs (= costs that are the same each month) that a company pays for with the profits from particular products… …   Financial and business terms

  • overhead cost absorbed — overhead cost recovered The actual production for a period multiplied by the overhead absorption rate budgeted for that period …   Accounting dictionary

  • fixed overhead absorption rate — The budgeted fixed overheads divided by the budgeted standard hours, budgeted production in units, or other budgeted production measure. See: absorption rate …   Accounting dictionary

  • absorption — cost absorption; = overhead absorption An accounting process used in absorption costing in which the overhead of an organization is borne by the production of that organization by the use of absorption rates …   Accounting dictionary

  • absorption — cost absorption; overhead absorption An accounting process, used in absorption costing, in which the overhead of an organization is charged to the production of that organization by the use of absorption rates …   Big dictionary of business and management

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