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 ?
Effects of interaction among different configurations in one of these cases are theoretically investigated, and a formula is obtained that describes the behavior of absorption spectrum intensity.
Utilizing a blend of N650 and N762 at approximate equal levels, the cell current and coolant fluid absorption were compared at various filler loadings.
Bambal joins Absorptions Systems with considerable pharmaceutical industry experience in drug discovery and preclinical development.
The submarkets that experienced negative absorptions are White Plains CBD with 108,147 [+ or -] SF, West 1-287 with 21,473 [+ or -] SF, Southeast with 23,371+/- SF, Southwest with 9,240 [+ or -] SF and Northern Westchester with 1,779 [+ or -] SF.
There's been continued strengthening in the net absorption of commercial space this year, with absorptions of industrial, office, and retail spaces solidly higher compared to 2003.
The submarkets that experienced negative absorptions are White Plains CBD with 108,147[+ or -] SF, West 1-287 with 21,473[+ or -] SF, Southeast with 23,371[+ or -] SF, Southwest with 9,240[+ or -] SF and Northern Westchester with 1,779[+ or -] SF.
Although the past two quarters have shown negative net absorptions, the market did see a total positive net absorption of 438,913 SF for the year 2000.