standard cost

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noun

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

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Compare actual cost.

Origin of standard cost

First recorded in 1930–35

Words nearby standard cost

Standard Book Number, standard-bred, standard candle, standard cell, standard coin, standard cost, standard deviation, standard dollar, Standard English, standard error, standard function

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use standard cost in a sentence

Using standard methods, the cost of printing DNA could run upwards of a billion dollars or more, depending on the strand.
Design Your Own Dinosaur: The Era of Custom DNA|Justin Jones|January 8, 2015|DAILY BEAST
“The sensation these objects presented receded as their cost increased,” notes Rabinowitz.
How Pulp Fiction Saved Literature|Wendy Smith|January 8, 2015|DAILY BEAST
The same Pediatrics journal notes that 17 states have some form of exception to the standard parental consent requirement.
Should Teens Have The Right To Die?|Brandy Zadrozny|January 8, 2015|DAILY BEAST
Christopher Nolan, Interstellar “My films are always held to a weirdly high standard,” Nolan told me.
Oscars 2015: The Daily Beast’s Picks, From Scarlett Johansson to ‘Boyhood’|Marlow Stern|January 6, 2015|DAILY BEAST

Like him, they identified the Airbus A320 as an airplane extremely well fitted to low cost airline operations in Asia.
Annoying Airport Delays Might Prevent You From Becoming the Next AirAsia 8501|Clive Irving|January 6, 2015|DAILY BEAST
Mrs. Wurzel was quite right; they had been supplied, regardless of cost, from Messrs. Rochet and Stole's well-known establishment.
The Pit Town Coronet, Volume I (of 3)|Charles James Wills
And it would be hard indeed, if so remote a prince's notions of virtue and vice were to be offered as a standard for all mankind.
Gulliver's Travels|Jonathan Swift
They feel that the system has few advantages to offer in return for the cost it entails upon them.
Readings in Money and Banking|Chester Arthur Phillips
The new creed, called the King's Book, approved by the houses of convocation, and made the standard of English orthodoxy.
The Every Day Book of History and Chronology|Joel Munsell
He became a doctor in two hours, and it only cost him twenty dollars to complete his education.
The Book of Anecdotes and Budget of Fun;|Various

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