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Explicit Cost

   Also found in: Wikipedia 0.01 sec.
Explicit Cost
A cost that is represented by lost opportunity in actual cash payments.

Notes:
These are tangible costs which can be easily accounted for. For example: wages, rent and materials.


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? Mentioned in ? References in periodicals archive
 
Explicit Cost Dynamics: An Alternative to Activity-Based Costing.
``The explicit cost of on-line transactions is very low, but the hidden cost can be kind of high,'' said Michael Murphy, publisher of the California Technology Stock Letter.
Recent changes to the federal securities laws mandated by The Sarbanes-Oxley Act have increased the implicit and explicit cost of providing information for reporting companies.
 
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