The main components we need to calculate the cost of sales equation is the beginning inventory, the cost of direct materials, the cost of direct labor, the overhead costs, the ending inventory, and the cost of acquiring or manufacturing new products. Also, at any cost or price regardless of the expense or effort involved, by any means regardless of the expense or effort involved, by any means for example, ann told the doctor to preserve her mother's sight at all costs , or it seems the company plans to develop the product at any cost , or i'm determined to get vacation time at any price. Definition of downstream costs after a company has completed its production process, it must still get that product to its customers the processes involved in delivering those products to the customers is the source of the company's downstream costs. Bear the cost of (v trans) bear the costs of , defray the cost of , defray the costs of , foot the bill , pick up the bill , pick up the tab advertizing.
Unallowable cost means any cost that, under the provisions of any pertinent law, regulation, or contract, cannot be included in prices, cost-reimbursements, or settlements under a government contract to which it is allocable. Weighted average cost of capital (wacc) is a calculation of a firm's cost of capital in which each category of capital is proportionately weighted all sources of capital, including common stock. Best answer: total cost is the actual cost of materials ,production costs transport costs everything that incurs a cost before the end product benefits are the.
Kids definition of cost (entry 2 of 2) 1 : the amount paid or charged for something : price 2 : loss or penalty involved in gaining something losing my friends was the cost of moving. The ordering cost (also called setup costs, especially when producers are concerned), or cost of replenishing inventory, covers the friction created by orders themselves, that is, the costs incurred every time you place an order. The civilian agency acquisition council and the defense acquisition regulations council are proposing changes to the federal acquisition regulation (far) by revising the definition of bid and proposal (b&p) costs to clarify that b&p costs related to all types of funding instruments (eg.
Calculating the cost of units in a budget analysis means assigning a numerical value to individual aspects of a project or division of an organization. A cost bond, or bond for costs, is a promise to pay litigation expenses it is provided by a party to an action as a guarantee of payment of any costs awarded against him or her a cost bond also might be required of an appealing party in a civil case, in order to cover the appellee's expenses if the judgment is affirmed. Shaun says: 8 august 2015 at 13:34 in the completion of the itr12 assets and liabilities section, sars are asking for the assets at cost this is the first time i am submitting assets and liabilities so want to be sure the cost is reflected correctly.
The net cost was a reasonable amount for the project to be completed on time so the businessmen proceeded with it. To facilitate preparation of an indirect cost proposal, shown below are (1) some definitions of the term indirect costs, (2) a brief discussion of indirect cost rate structures and (3) a simple example of an indirect cost rate computation. Cost estimate is an approximation or anticipated cost for specified work scope of a work, project, or operation that is the process of predicting the cost of a facility through quantitative analysis of the work required by the design documents to evaluate a single total value and may have identifiable component values. Committed cost :- it is an investment that a business entity has already made and cannot recover by any means, as well as obligations already made that the business cannot get out of sunk cost :- it is a cost that has already been incurred and cannot be recovered. Price and cost are terms frequently mentioned in the context of sales they are often used interchangeably in normal conversation, but in economics or business each term takes on a different meaning and must not be confused with the other technically, price is defined as the.
Definition of cost efficiency the act of saving money by making a product or performing an activity in a better way print add term to watchlist share. Costs law charges incurred in bringing litigation, including court fees and charges that may be payable by the losing party, but usually not including attorneys' fees v cost , cost ng , costs v intr. Cost of quality is a methodology that allows an organization to determine the extent to which its resources are used for activities that prevent poor quality, that appraise the quality of the organization's products or services, and that result from internal and external failures.
The cost of revenue is the total cost incurred to obtain a sale and the cost of the goods or services sold thus, the cost of revenue is more than the traditional cost of goods sold concept, since it includes those specific selling and marketing activities associated with a sale. The economic cost includes the accounting cost, or actual funds spent carrying out the action, and the opportunity cost, or the amount of money that could have been made by using funds and other resources dedicated to the action on some other objective. Cost or pricing data are more than historical accounting data they are all the facts that can be reasonably expected to contribute to the soundness of estimates of future costs and to the validity of determinations of costs already incurred. Term definition acquisition cost: the cost of the asset including the cost to ready the asset for its intended use acquisition cost for equipment, for example, means the net invoice price of the equipment, including the cost of any modifications, attachments, accessories, or auxiliary apparatus necessary to make it usable for the purpose for which it is acquired.
Cost: cost, in common usage, the monetary value of goods and services that producers and consumers purchase in a basic economic sense, cost is the measure of the alternative opportunities foregone in the choice of one good or activity over others. Definition of cost - (of an object or action) require the payment of (a specified sum of money) before it can be acquired or done, estimate the price o. Definition of at the cost of from the collins english dictionary interrogative pronouns the interrogative pronouns who, whom, and whose are used only for reference to people.