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.
What Are a Trustâs Principal and Income? A trust has two components, the principal and the income. The principal is all the property thatâs available to produce ordinary income like dividends, interest, or rents. As you make payments, some may come from principal and some from income, depending on what you, as trustee, decide.