Actual Cost
Finance
Actual Cost
Cost actually incurred for a product, service, process or period.
Examples
- 01The actual cost of the new housing is EUR 14.80 per piece, EUR 1.30 above the quoted cost, mainly due to longer cycle time.
- 02In the monthly review, the actual cost of each cost center is compared with budget and with the same month last year.
- 03A setup reduction project only reports savings once the actual cost per order has dropped for three consecutive months.