Chemical absorption financial definition of chemical absorption
absorption (redirected from chemical absorption)
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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
Already commercialized for small applications, the ceramic technology is currently in development for larger scale, nanotechnology-enabled bioremediation, chemical absorption
and filtration processes.
Akermin uses a multi-discipline approach to efficiently integrate a biocatalyst within a proprietary delivery system that we incorporate in a traditional chemical absorption
Entegris' fluoropolymer sheetlined tanks and Cynergy(R) products withstand regular CIP cycles and are highly resistant to chemical absorption
TABLE 29 MAJOR MANUFACTURERS OF CHEMICAL ABSORPTION