actual cost

noun

: cost based on the most factual allocation of historical cost factors compare estimated cost, standard cost

Word History

First Known Use

1804, in the meaning defined above

Time Traveler
The first known use of actual cost was in 1804

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Cite this Entry

“Actual cost.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/actual%20cost. Accessed 24 Nov. 2024.

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