Actual Cost
Barron's Business Dictionary:
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Actual Cost
Amount paid for an asset; not its market value, insurable value, or retail value. It generally includes freight-in and installation costs, but not interest on the debt to acquire it.
| Actual Cash Value, Activist Policy, Active Window | |
| Actual Damages, Actuarial Science, Actuary |
Barron's Accounting Dictionary:
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Actual Cost
Expenditure required to buy or produce an item. The actual cost of a purchased item includes the list price (net of discounts) plus delivery and storage. The actual cost to manufacture a product is the total of direct material, direct labor, and factory overhead.
| Activityaccount, Activity-Based System, Activity-Based Management (ABM) | |
| Actuarial, Actuarial Basis of Accounting, Actuarial Cost Method |
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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