Incurred costs that are charged to the project budget and for which payment has been made, or accrued. [D04568]

Definition A cost accounting method in which budgets are established using data from previous accounting cycles or periods. This method can help companies avoid budgeting errors due to incorrect cost [..]

In rate base determination. See ORIGINAL COST, HISTORICAL COST, WEIGHTED COST.

The true expense incurred to accomplish a task or complete a work order. The actual cost may be more or less than the standard (expected) cost; the mathematical difference is called a variance.

Inventory costing method used in manufacturing environments that uses the actual materials costs, machine costs, and labor costs reported against a specific work order to calculate the cost of the fin [..]

Cost, as of acquisition or production, the former net of discounts and allowances but including transportation and storage, and often averaged for internal-transfer or inventory purposes.

A cost sustained in fact, on the basis of costs incurred, as distinguished from forecasted or estimated costs.

"Actual cost" has the meaning given the term under ORS 310.140 (Legislative findings).

 is the weighted average of all purchases for that lot. added cost Added costs

   In foodservice, this is the cost of food sold, as calculated from purchase records and inventory results, after any necessary adjustments.   AFV