What Is an Absorption Costing Income Statement?

Absorption cost calculation is also called "full cost calculation", "full cost calculation", "full cost calculation". A way to calculate the total cost of a product. To calculate the product cost by this method, the direct material cost, direct labor cost, variable manufacturing cost, and fixed manufacturing cost incurred during the manufacturing process in a certain period are all included in the product cost. Generally speaking, the cost calculation refers to this cost calculation. ^[1]