Actual cost:
"The sum of the actual labour, material and associated overhead costs that are charged against a job as it moves through the production process."

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Definitions of terms related to Actual cost:

• Acquisition cost
• cost of goods sold (COGS)
• period cost
• Planned cost
• process costing
• Product costing
• product costs
• project costing
• Setup costs
• Standard cost
• Stockout costs
• Storage costs