Define: Actual Cost

UK Accounting Glossary

Definition: Actual Cost

Quick Summary of 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.


Full Definition of Actual Cost


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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
Modern Language Association (MLA):
Actual Cost. Payroll & Accounting Heaven Ltd. November 12, 2019
Chicago Manual of Style (CMS):
Actual Cost. Payroll & Accounting Heaven Ltd. (accessed: November 12, 2019).
American Psychological Association (APA):
Actual Cost. Retrieved November 12, 2019, from website:

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