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Actual cost - How To Discuss

Writer Samuel Coleman

Actual cost,

Definition of Actual cost:

  1. The real expenditures incurred in buying or producing something, especially as opposed to a budgeted or estimated cost.

  2. An actual amount paid or incurred, as opposed to estimated cost or standard cost. In contracting, actual costs amount includes direct labor, direct material, and other direct charges.

Meaning of Actual cost & Actual cost Definition