Variable Costing is a managerial accounting cost concept. Under this method, manufacturing overhead is incurred in the period that a product is produced. This addresses the issue of absorption costing that allows income to rise as production rises. Under an absorption cost method, management can push forward costs to the next period when products ...
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http://en.wikipedia.org/wiki/Variable_Costing
(from the article `accounting`) ...as full, or absorption, costing methods, in that the overhead rates are intended to include provisions for all manufacturing costs. Both process ...
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http://www.britannica.com/eb/a-z/v/8
Variable costing, also called direct costing, is an accounting method used to allocate production costs to product being produced. This method allocates all variable-manufacturing costs to the product during the period.
Found on
https://www.myaccountingcourse.com/accounting-dictionary/accounting-diction
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