standard cost

noun

a predetermined cost of material, labor, etc., based on specifications prepared from time-and-motion studies, accounting records, and the like.

QUIZZES

ELEMENTARY SCHOOL PUNCTUATION QUIZ

Punctuation marks help make writing easy to read and understand. Some of the most important ones are the period (.), comma (,), question mark (?), and exclamation point (!). How well do you know how to use them? Find out in this quiz!

Question 1 of 10

Which punctuation mark is best for this sentence? "Can I watch a movie __"

comma (,)

period (.)

question mark (?)

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Compare actual cost.

Origin of standard cost

First recorded in 1930–35

Words nearby standard cost

standard bicarbonate, standard book number, standard candle, standard cell, standard coin, standard cost, standard deviation, standard dollar, standard english, standard error, standard error of difference

British Dictionary definitions for standard cost

standard cost

noun

accounting the predetermined budgeted cost of a regular manufacturing process against which actual costs are compared

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012