budgeted cost


budgeted cost
A cost included in a budget representing the cost expected to be incurred by a budget centre, cost centre, cost unit, product, process, or job.

Accounting dictionary. 2014.

Look at other dictionaries:

  • budgeted cost — A cost included in a budget representing the cost expected to be incurred by a budget centre, cost centre, cost unit, product, process, or job …   Big dictionary of business and management

  • Budgeted cost of work scheduled — (BCWS), also referred to as Planned Value (PV), is a term from earned value management, a project management technique that seeks to measure forward progress in an objective manner. BCWS is defined as the approved budget that has been allocated… …   Wikipedia

  • Cost overrun — A cost overrun, also known as a cost increase or budget overrun, is an unexpected cost incurred in excess of a budgeted amount due to an under estimation of the actual cost during budgeting. Cost overrun should be distinguished from cost… …   Wikipedia

  • budgeted items — index expense (cost), outlay Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • cost overrun — cost in excess of that originally estimated or budgeted, esp. in a government contract: Additional funds had to be allocated to cover the cost overrun on the new fighter plane. * * * …   Universalium

  • cost — {{Roman}}I.{{/Roman}} noun 1 money needed to buy sth ADJECTIVE ▪ considerable, high ▪ The high cost of energy was a problem for consumers. ▪ enormous, exorbitant, huge, prohibitive …   Collocations dictionary

  • cost overrun — noun excess of cost over budget the cost overrun necessitated an additional allocation of funds in the budget • Hypernyms: ↑cost * * * cost in excess of that originally estimated or budgeted, esp. in a government contract: Additional funds had to …   Useful english dictionary

  • budgeted — adj. Budgeted is used with these nouns: ↑cost …   Collocations dictionary

  • percentage on direct labour cost — A basis used in absorption costing for absorbing the production overheads into the cost units produced. The formula used is: (budgeted production overheads × 100)/budgeted direct labour cost …   Accounting dictionary

  • percentage on direct material cost — A basis used in absorption costing for absorbing the manufacturing overhead into the cost units produced. The formula used is: (budgeted manufacturing overhead × 100)/budgeted direct material cost …   Accounting dictionary