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 gross income is the amount of money you earn annually before any deductions take effect. Since deductions can vary from month to month, annual gross income is a more reliable figure for lenders to utilize. When applying for a small business loan, you will be asked for this information to help the lender determine the amount of money he can loan to you.