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 ?
Table 4 shows the calculated main effects of process input variables on chemical absorption.
Resistant to water, chemical absorption, and steam cleaning, RT wheels are suitable for food processing, tool storage, sanitary maintenance, warehousing, and other applications that require durability and easy mobility under heavy loads.
Differences in thermal expansions and dimensional shifts, stemming from moisture and chemical absorption, can stall drives and must be accounted for in the design process.
AFI currently produces thermal and acoustical insulation, aqueous solution and chemical absorption pads and flame retardancy products for horticulture, carpet underlayings, automotives, geotextiles, construction and flooring applications.
Populations that are susceptible to increased chemical absorption following exposure are discussed as well.
The Chem Wiz2000, an economical VIS/NIR spectrophotometer, is used to measure chemical absorption, concentration, and CIELAB colors using the SpectraWiz operating software for Windows 9x/NT.

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