actual cost

American  

noun

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

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Example Sentences

Work to replace water pipes in Osaka, a city of 2.8 million residents, has hit a snag as the actual cost exceeded the planned budget, according to local media.

From Barron's

The long sought change would allow subsidies to better reflect the actual cost of running a day-care home or center.

From Los Angeles Times

Thomas Crampton, a longtime Davos attendee, said he has been offered hotel badges for 1,200 Swiss francs, equivalent to about $1,500, up from the actual cost of 165 francs.

From The Wall Street Journal

It dramatically drove up the resolution cost of the S&L crisis from an estimated $25 billion had the problem been addressed in 1983 to an actual cost of $160 billion by the 1990s.

From The Wall Street Journal

Bonta’s office said that prior to the imposition of the new fee, employers could expect to pay between $960 and $7,595 in “regulatory and statutory fees” per H-1B visa, based on the actual cost to the government of processing the request and document, as intended by Congress.

From Los Angeles Times