actual cost
Definition
Actual amount paid or incurred, as opposed to estimated cost or standard cost. In contracting, actual costs to date amount includes direct labor, direct material, and other direct charges.
Mentioned in these definitions
Mentioned in these terms
Popular 'Accounting & Auditing' Terms
actual cost in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/actual-cost.html
