SafeSourcing Wiki [A-B]

Return to Main Wiki Index

Actual Cost
No Comments Yet

Actual cost is an inventory costing method, which is used to purchase or produce an item.  The actual cost includes the cost to manufacture a product or provide a service, as well as actual materials, machine, and labor costs recorded against a specific order to calculate the cost of the finished product or service. In contracting, actual costs amount includes direct labor, direct material, and other direct charges.



  Rating
Rate This Page: Poor Great   |  Rate Content |
Average rating:  4.7   
12345
Number of Ratings : 3
  Comments

 |  View Topic History  |