actual cost

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actual cost

[′ak·chə·wəl ′kȯst]
(industrial engineering)
Cost determined by an allocation of cost factors recorded during production.
References in classic literature ?
'After the first year,' say the trustees, 'an account current will be opened with each pupil; he will be charged with the actual cost of his board, which will not exceed two dollars per week;' a trifle more than eight shillings English; 'and he will be credited with the amount paid for him by the state, or by his friends; also with his earnings over and above the cost of the stock which he uses; so that all his earnings over one dollar per week will be his own.
Theodore Vail was given a banquet by his old-time friends in the Washington postal service, and toasted as "the Monte Cristo of the Telephone." It was said that the actual cost of the Bell plant was only one-twenty-fifth of its capital, and that every four cents of investment had thus become a dollar.
Bakers and supermarkets will raise eyebrows at the thought of a loaf of bread costing PS15 or a pint of milk costing PS17 - more than 10 times and more than 30 times their actual costs respectively.
For context, the actual costs of the 2008 and 2013 general elections were Rs1.85b and Rs4.73b, respectively, not adjusting for inflation.
"This motion seeks to halt further reimbursement cuts until such time as the state properly implements Medicaid reimbursement rates that cover the actual costs that pharmacies incur when they serve Medicaid patients, as required by law," NACDS, NCPA and WSPA wrote in the motion.
The second range includes the financial control of the project, that is the comparison of actual costs with the scheduled costs for the moment of controlling activities.
New research challenges the perception that sustainable buildings are necessarily more costly to build, by presenting the actual costs and savings associated with a wide range of sustainable building strategies.
First, a simple example demonstrates the basic computations of the home office deduction using both actual costs and the safe--harbor method, followed by a sensitivity analysis and summary of results.
He added: "The judge's conclusion that the council did have due regard to the actual costs of care was plainly correct."
It is important to bear in mind that the actual costs incurred reflect a very simple driver - the number of words of English being translated - and so any figures quoted are based on estimates of orders of magnitude rather than precise predictions.
The independent consumer body said the charges were often sprung on the customer at the point of payment and could be far in excess of actual costs for retailers to process the transaction.