absorption

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Absorption

1. The total demand for all goods and services in an economy. One calculates the absorption by adding the value of all goods and services produced and consumed locally to that of all imports.

2. A French term for acquisition.

absorption

the sharing of indirect costs or OVERHEADS to units of product by means of COST RATES. Provided that actual overheads do not exceed BUDGET and that actual output is the same as budgeted output, then the overhead cost rate should allow total product cost to be determined, and a selling price set which will recover the overhead costs involved in producing and selling the product. See STANDARD COST, OVERHEAD COST VARIANCE.
References in periodicals archive ?
If we performed this calculation starting with zeroth-order eigenfunctions, corresponding to single electronic configurations, we would find that absorption is due to superposition of a continuum of almost constant intensity with lines belonging to series that converge to the [.
In a small enough range of frequencies, this quantity can be regarded as proportional to the absorption intensity.
As shown in figure 4, the lowest coolant fluid absorption is associated with the non-crosslinked EPM compound.
Figure 5 illustrates a significant increase in development of 100% modulus, while maintaining essentially similar coolant fluid absorption over the entire range.