ABC: See Activity-Based Costing.
ABC Costing: See Activity-Based Costing.
ABC System: In cost management, a system that maintains financial and operating data on an organization’s resources, activities, drivers, objects, and measures. ABC models are created and maintained within this system.
Absorption Costing: In cost management, an approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to each unit of production. The fixed costs are usually allocated to units of output on the basis of direct labor hours, machine hours, or material costs. Synonym: Allocation Costing.
Acceptable Quality Level (AQL): In quality management, when a continuing series of lots is considered, AQL represents ...