Incurred Cost Meaning Incurred cost in accrual accounting refers to the expense of the company when an asset is consumed, which the company becomes liable for and may include direct, indirect, production, and operating expenses incurred for running the company's business operations. It also includes...
an outlay or expenditure of money, time, labor, trouble, etc.: What will the cost be to me? a sacrifice, loss, or penalty: to work at the cost of one's health. Synonyms:detriment costs,Law. money allowed to a successful party in a lawsuit in compensation for legal expenses incurred,...
Staff said that the treatment is very similar in relation to revenue, costs are incurred when certain events take place. With regards to insurance there is no notion of incremental costs, they look at cash flows. On leasing, the IASB was undecided if incremental cos...
- In economics, a transaction cost is a cost incurred when making an economic trade when parti***ting in a market. The idea that transactions form the basis... Recent Searches ... InnutritiveInoculableInocularInrailingInsatiableInsaturableinscrolInsect powderInsensateInsertedInsiccationInsidiateInsi...
The averagecostof a college education has gone up dramatically. b :the outlay or expenditure (as of effort or sacrifice) made to achieve an object He achieved fame, but at thecostof losing several friends. 2 :loss or penalty incurred especially in gaining something ...
of any passenger or owner or other person including personal representatives of the same arising out of the carriage or custody by the Corporation or any official of any animal, vehicle, luggage, goods, articles or things and any cost, loss, damage or expense incurred in connection herewith ...
From Longman Dictionary of Contemporary English in‧cur/ɪnˈkɜː$-ˈkɜːr/●○○verb(incurred,incurring)[transitive]formal1if youincuracost,debt, or afine, you have to pay money because of something you have doneincur expenses/costs/losses/debts etcIf the council loses the ...
Definition:Marginal cost is the additional cost incurred for the production of an additional unit of output. The formula is calculated by dividing the change in the total cost by the change in the product output. What Does Marginal Cost Mean?
instead buy the semi-finished or raw material directly from the market instead of producing it. For all such decisions, the extra cost still to be incurred by the company is taken into account. Leaving aside the cost which is already incurred and dead. Nothing can be done about that cost....
Cost Accumulation is the process of collecting all costs information about the business with the help of thecost accounting system. It is a process of collection of all relevant data regarding the various costs incurred by the company at various stages of production. This calculation is the result...