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Definitions for "Direct Costing"
Keywords:  overhead, variable, inventory, syn, manufactured
Related Terms: Absorption costing, Variable cost, Variable costs, Marginal costing, Full absorption costing, Direct cost, Fixed costs, Indirect cost, Overheads, Fixed cost, Cost, Overhead, Actual cost, Sunk costs, Sunk cost, Total cost, Standard cost, Cost of sales, Eac, Incremental cost, Production cost, Cost overrun, Direct costs, Cogs, Joint cost, Cost accounting, Cost of quality, Burden, Cost variance, Switching costs, Overhead costs, Cost of goods sold, Total costs, Mtdc, Social cost, Total cost of ownership, Variable expenses, Marginal cost, Actual cost of work performed, Customer acquisition cost, Cost driver, Original cost, Job costing, Life cycle cost, Estimate at completion, Start-up costs, Life-cycle cost, Direct expenses, Carrying cost, Cost of goods
A method of valuing inventory that includes the appropriate share of variable costs only.
sanford.com.au
A method where only the variable manufacturing costs are assigned to inventory and the cost of goods sold. Fixed manufacturing costs are viewed as expenses of the period in which they are incurred. This method is not allowed for external financial statements, but can be used internally. External financial statements must have fixed manufacturing costs allocated to the products. To Top
accountingcoach.com
Also know as variable costing, a method of calculating costs that involves only raw materials, direct labor and variable overhead.
smbiz.com
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