Absorption of Overheads: Meaning and Methods | Accounting
In this article we will discuss about the meaning and methods of overhead absorption. Meaning of Overhead Absorption: CIMA defines Absorption of Overheads as "the process of absorb, overhead costs allocated or apportioned over a particular cost centre or production department by the units produced". Absorption of overheads refers to charging of overheads to individual products or jobs. It is [...]