Actual Cost


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Actual Cost

The cost a company pays or is paid for a good or service. The actual cost may be more or less than the estimated cost. For example, a car shop may estimate that repairs will cost $700, but the actual cost may in fact be $800. One often is not informed of the actual cost until it is incurred.
References in periodicals archive ?
In this case, nearly 50 per cent of the actual cost of water and electricity is waived.
The SAR reports from December 2001 through December 2005 indicate that actual cost increases of $230.
Surprisingly, the Scandinavian countries of Sweden and Norway were far lower down when ranked by actual cost, taking places 13 and 18 respectively.
The application should be used for apportioning common costs and billing actual costs for various services provided by 3rd party vendors or by specific Agencies.
Based on my experience, this is the most commonly used method for current and past acquisitions of property, as well as past construction projects where actual cost records are not available.
Anti-poverty advocates have called on the government to implement all of the Jury's recommendations, including a review of welfare rates to ensure they reflect the actual cost of living.
Meanwhile, the Police Commission is working on a new schedule of police permit fees that would recover only the city's actual cost of providing service.
The Utility Relocation (SF1206) is estimated at $383,421, which the City is responsible for paying the actual cost of installation.
19, 2006 continents, the AICPA proposed that the IRS and Treasury should allow the use of the rolling average cost method in valuing inventories when this method approximates actual cost.
If the cost of a building permit reflected the actual cost of a new home, the cost of that building permit for a single-family home or apartment would be in excess of $40,000.
These costs range from the need for extra baggage handlers to TSA security screeners to the actual cost of the luggage being on the airplane.