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 ?
Absorption units take up more space than the vapor compression type units.
Arctic Solar offers solar thermal systems and absorption units. Its expected short-term revenue guidance surpasses USD750,000, while in 2011 the company estimates it will generate solar revenues of over USD4m on a standalone basis.Country: , USASector: Solar PowerTarget: Arctic Solar Engineering LLCBuyer: FutureWorld Energy IncDeal size in USD: 2mType: Corporate acquisitionStatus: Exclusivity
While liberating Absorption Units, holding down Freak-infested hot spots and securing Cell-controlled strongholds make up the meat of the game, there is plenty more to do in Pacific City.
As absorption units become more popular not only in industry but also on a domestic level, their simulation becomes more important.