See also cost prediction.
| Cost Element, Cost Effective, Cost Driver Analysis | |
| Cost Function, Cost Hierarchy, Cost Management |
Dictionary of Accounting Terms. Copyright © 2010 by Barron's Educational Series, Inc. All rights reserved.
Match: Cost Estimation
and others.
Accounting (1 of 2 sources)
Measurement of past costs for the purpose of predicting future costs for decision-making purposes. For example, a cost volume formula (such as y = $300 + $5 x) can be used to estimate a cost item y for any given value of volume x.
See also cost prediction.
See also cost prediction.
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