Define: Actual Cost

Business, Legal & Accounting Glossary

Definition: Actual Cost



What is the dictionary definition of Actual Cost?

Dictionary Definition


This refers to the actual expenditure incurred when carrying out any of the activities of an organisation, particularly as compared with the budgeted or standard cost.


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Page URL
https://payrollheaven.com/define/actual-cost/
Modern Language Association (MLA):
Actual Cost. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 05, 2020 https://payrollheaven.com/define/actual-cost/.
Chicago Manual of Style (CMS):
Actual Cost. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/actual-cost/ (accessed: April 05, 2020).
American Psychological Association (APA):
Actual Cost. PayrollHeaven.com. Retrieved April 05, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/actual-cost/

Definition Sources


Definitions for Actual Cost are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th January, 2019