Meaning and definition of Absorption Costing. Absorption costing, also known as full absorption costing, can be defined as a managerial accounting cost method of expensing all costs related to manufacturing of a specific product.eaning and definition of Absorption Costing. Absorption costing, also known as full absorption costing, can be defined as a managerial accounting cost method of expensing all costs related to manufacturing of a specific product.
Average pay for Elementary School Principals is $79K annually and can range from $51K on the lower end to $113K per year near the higher end. Residence is the biggest factor affecting pay for this group, followed by tenure. The majority of Elementary School Principals (64 percent) who took the survey are women.
Annual income is what you earn as wage or salary per year. Usually all data on income are per year and you have to spit the amount to see what you earn per month. However, if â¦ you add all your income (what you receive from January 1st to December 31st), you will have the annual income.Annual = per year.