absorption

(redirected from absorption unit)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

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 ?
3]) systems is becoming more important especially with the introduction of efficient Generator-Absorber Heat Exchange (GAX) absorption units.
A = Corrected height in absorption units of the corresponding peak;
To meet these standards, Fanning's laboratory is equipped with ion chromatographs, wet chemistry tools, a pair of PerkinElmer gas chromatographs, and atomic absorption units from Agilent Technologies.
On the east side, panels of translucent thermal insulation also act as heat absorption units.
At the Penn State campus, the annual average cost per ton of cooling to maintain large-tonnage absorption units increases with machine life and with decreasing tonnage.