cost standard


cost standard
A predetermined level of cost expected to be incurred by a cost item used in the supply, production, or operation of a service, product, process, or cost centre. A cost standard is often applied to a performance standard in order to calculate standard overhead costs

Accounting dictionary. 2014.

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  • standard cost — ➔ cost1 * * * standard cost UK US noun [C] ACCOUNTING ► the expected cost of a job, project, or other activity if there are no problems that increase the total for each stage of the process: »We can use previous cost data to calculate the product …   Financial and business terms

  • cost of living — Synonyms and related words: budget, budget items, burden of expenditure, carrying charge, charges, consumer price index, cost, cost of living allowance, cost of living index, costs, direct costs, disbursals, distributed costs, expense, expense… …   Moby Thesaurus

  • Cost Accounting Standards — (popularly known as CAS) are a set of 19 standards and rules promulgated by the United States Government for use in determining costs on negotiated procurements. CAS differs from the Federal Acquisition Regulation (FAR) in that FAR applies to… …   Wikipedia

  • cost of living — cost of living, adj. the average cost of food, clothing, and other necessary or usual goods and services paid by a person, family, etc., or considered as a standard by the members of a group. [1895 1900] * * * Monetary cost of maintaining a… …   Universalium

  • Standard J — Role Trainer National origin USA Manufacturer …   Wikipedia

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  • standard-rate — UK US noun [C] UK ► (also standard rate of interest) BANKING, FINANCE the normal percentage amount that a bank charges customers for borrowing money: charge/pay a standard rate »Our discounted rate ended this year and we have been paying the bank …   Financial and business terms

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  • Cost-plus pricing — is a pricing method used by companies to maximize their profits. The firms accomplish their objective of profit maximization by increasing their production until marginal revenue equals marginal cost, and then charging a price which is determined …   Wikipedia

  • Cost–utility analysis — (CUA) is a form of financial analysis used to guide procurement decisions. The most common and well known application of this analysis is in pharmacoeconomics, especially health technology assessment (HTA). Contents 1 CUA in health economics 1.1… …   Wikipedia