Actual Cost

Business, Legal & Accounting Glossary

Definition: Actual Cost

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.

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
Modern Language Association (MLA):
Actual Cost. Payroll & Accounting Heaven Ltd.
January 26, 2022
Chicago Manual of Style (CMS):
Actual Cost. Payroll & Accounting Heaven Ltd. (accessed: January 26, 2022).
American Psychological Association (APA):
Actual Cost. Retrieved January 26, 2022
, from website:

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 | 4 Views.