Define: Actual Cost

UK 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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Actual Cost FAQ's



Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/actual-cost/
Modern Language Association (MLA):
Actual Cost. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. January 23, 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: January 23, 2020).
American Psychological Association (APA):
Actual Cost. PayrollHeaven.com. Retrieved January 23, 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)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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