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 ?
The dispensing fee must cover actual costs to fill the prescription, yet the fee in Washington state is much lower than the cost identified in studies conducted by other states and experts, according to NACDS, NCPA and WSPA.
The PV (Planned Value) curve is defined at the beginning of the project and illustrates the planned distribution of costs in time, whereas the remaining curves attain their shapes with current progress of works (EV - Earned Value curve) and actual costs of project realization (AC - Actual Cost curve).
The report, Delivering Sustainable Buildings: Savings and Payback, presents the actual costs of a range of individual sustainability strategies, and the additional costs (if any) of achieving various levels of overall building sustainability.
* In any year that the safe--harbor method is used, the depreciation taken in that year is presumed to be $0--basis is reduced only when actual costs are used in the computation.11 Disadvantages The safe--harbor method also has its disadvantages:
CNEN argued the council had failed to have due regard to the "actual cost" per resident of providing care when reaching its decision.
"Our experience so far is that the actual cost is working out higher than anticipated.
previously said it believed the actual cost to the retailer was no more than 20p for a debit card transaction or a percentage of a credit card transaction, thought to be no more than 2%.
Regardless of what his actual costs turn out to be, the contractor is obligated to perform the requirements of the contract and will be paid only the fixed contract price.
The agency has already releases illustrations pointing out the gap between bills and the actual costs of water and electricity.
However, that high percentage is based upon a mixture of actual costs, estimated costs, and new reporting programs.
As a suggestion: Perhaps FEI members and readers might compute their actual costs and assess the percentage decline in year two (from year one).
The $6 fee we charge students and alumni for transcript orders does not offset the actual costs of producing and delivering a transcript when labor, supplies, and postage are all considered.