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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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. July 17, 2019 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: July 17, 2019).
American Psychological Association (APA):
Actual Cost. PayrollHeaven.com. Retrieved July 17, 2019, from PayrollHeaven.com website: https://payrollheaven.com/define/actual-cost/

Definition Sources


Definitions for Actual Cost are sourced/syndicated from:

  • Oxford Dictionary Of Economics
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

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