cost

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cost

1. 
a. the amount paid for a commodity by its seller
b. (as modifier): the cost price
2. Law the expenses of judicial proceedings
References in periodicals archive ?
Despite the enormous technical advances in software development coupled with the proliferation of fully integrated software systems, the costing and cost control modules of these systems are Third World orphans compared to state-of-the-art costing.
Activity-based costing provides the most accurate response.
CostMate for molded part costing calculates part volumes, weights, and cycle times and includes a machinery database, regrind costs, and other user-specified costs.
The ultimate goal of Alberta Health is to develop a prospective, case-based funding system, using standard costing methodologies across the province.
To ferret out these hidden environmental costs, consider using activity-based costing, which traces overhead and period expenses to products, customer groups and, in some instances, to individual customers.
Unlike less-specific costing methods, ABCM measures the costs from each and every activity associated with the manufacturing process.
Reduced budgets, increased accountability requirements, and rapidly changing technological considerations provide even more impetus for developing predictive costing models to help determine appropriate staffing levels for priority library operations and programs.
Many companies, realizing their diverse products are probably cross-subsidizing each other by sharing costs that are unique to an individual product, are investigating or attempting to upgrade their costing systems.
Obviously, improper costing and pricing can cost you a fortune.
Accordingly, a taxpayer in this situation (particularly one without product costing capabilities) probably need not consider a protective change in method of accounting.