actual cost

noun

1. the cost of a product based on incurred costs of material and labor required in its production.

Example Sentences

The cost-of-living adjustment can’t keep up with the actual cost of living, as retirees’ costs climb.

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By next year, the increased fees will reflect the actual cost of trash pickup and will be on par with or slightly below what residents pay in nearby cities such as Long Beach, Pasadena, Culver City and Glendale.

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Universities across the UK say this amount has not increased by very much for more than a decade and claim that it also falls short of the actual cost of educating students.

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The funding for veterinary studies, law, social work, media studies, drama, architecture, planning, anatomy, chemistry, mineral engineering, philosophy and religion would have to be increased by at least 70% to reach the actual cost of educating the average student, Prof Bell says.

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It’s similar to the process used to establish the actual cost to seismically retrofit the Kenneth Hahn Hall of Administration — the county’s existing headquarters — “and represents industry best practice for establishing seismic retrofit costs,” the county’s Chief Executive Office said.

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