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Related Definitions
Acquisition cost Acquisition cost refers to the price (including the closing costs) to purchase another company or property. In the context of investments, refers to price plus brokerage commissions...
Transaction costs Transaction costs are the time and money spent trying to exchange financial assets, goods, or services.
Absorption costing Absorption costing is the fixing of the price of a product to include both the direct costs of production and a part of the overhead costs
Unit production costs Unit production costs are costs expressed in terms of equivalent units of production. When equivalent units of production are different for materials and conversion costs...
Production cost report A production cost report is the key document management uses to understand the activities in a department; it shows the production quantity and cost data related to that department.
Conversion Cost Conversion Costs consist of the sum of labor costs and overhead costs. These are mixed costs since it is manpower plus overhead that joins to transform...
Organization costs Costs incurred in the formation of a corporation are called organization costs. These costs include legal and state fees, and promotional expenditures...