actual cost


actual cost
noun
: cost based on the most factual allocation of historical cost factors — compare estimated cost, standard cost

* * *

the cost of a product based on incurred costs of material and labor required in its production. Cf. standard cost.

Useful english dictionary. 2012.

Look at other dictionaries:

  • actual cost — The actual expenditure incurred in carrying out any of the activities of an organization, especially as compared with the budgeted or standard cost …   Accounting dictionary

  • actual cost — The actual price paid for goods by a party, in the case of a real bona fide purchase, which may not necessarily be the market value of the goods. It is a general or descriptive term which may have varying meanings according to the circumstances… …   Black's law dictionary

  • actual cost — the cost of a product based on incurred costs of material and labor required in its production. Cf. standard cost. * * * …   Universalium

  • Фактическая стоимость (база) (ACTUAL COST (BASIS))  — 1. Стоимость приобретения или историческая стоимость.  2. Сумма, определяемая на основе понесенных затрат, в отличие от прогнозируемой стоимости. Включает нормативную стоимость, скорректированную в соответствии с приемлемым отклонением. В… …   Словарь терминов по управленческому учету

  • cost of completion — n. In a breach of contract action, a measure of damages calculated by the amount it would cost to pay for a performance that would put the plaintiff where he or she would have been had the contract not been breached. The Essential Law Dictionary …   Law dictionary

  • actual — Ⅰ. actual UK US /ˈæktʃuəl/ adjective [only before noun] ► true or exact: actual amount/cost/figure »Residents are paying electricity prices that are double the actual cost of generating electricity. »There is a gap between desired and actual… …   Financial and business terms

  • cost — n 1: the amount or equivalent paid or charged for something 2 pl: expenses incurred in litigation; esp: those given by the law or the court to the prevailing party against the losing party Merriam Webster’s Dictionary of Law. Merriam Webster.… …   Law dictionary

  • Cost basis reporting — is a term used in the financial services industry that refers to identifying the actual cost of a security for income tax purposes. Cost basis reporting became mandatory on January 1, 2011. The Emergency Economic Stabilization Act of 2008 –… …   Wikipedia

  • cost-plus — ˌcost ˈplus adjective COMMERCE MANUFACTURING cost plus product/​price/​basis etc if something is made or done on a cost plus basis, it is made or done at an agreed price plus an extra amount. This is done when the cost of making a product etc is… …   Financial and business terms

  • Actual — Ac tu*al (#; 135), a. [OE. actuel, F. actuel, L. actualis, fr. agere to do, act.] 1. Involving or comprising action; active. [Obs.] [1913 Webster] Her walking and other actual performances. Shak. [1913 Webster] Let your holy and pious intention… …   The Collaborative International Dictionary of English


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