- factor cost factor cost ➔ cost1
* * *factor cost UK US noun [C]► PRODUCTION, ACCOUNTING the cost of producing something based on the cost of what is needed to produce it, for example, labour or materials: »
It is not helpful to compare factor costs in one country with market prices in another.
Financial and business terms. 2012.
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Factor cost — Factor costcite book |editor=Bannock, Graham| title=Dictionary of Economics |origyear=1972 |year= 1998 |publisher= John Wiley and Sons |location= New York|language= English|id= ISBN 0 471 29599 X ] or national income by type of income is a… … Wikipedia
factor cost — … Useful english dictionary
Marginal factor cost — (MFC) is a rate expressed in currency units per units of input, such as labor. It is similar but not identical to a wage rate, which is currency units per unit time. For example, the MFC can be the change in total wages divided by the change in… … Wikipedia
cost — The opposite of revenue. An expense that reflects the price of purchasing goods, services and financial instruments. A cash cost means that cash is given up today to the purchase. Also, the purchase price of an investment, which is compared to… … Financial and business terms
cost — v. & n. v. (past and past part. cost) 1 tr. be obtainable for (a sum of money); have as a price (what does it cost?; it cost me pound50). 2 tr. involve as a loss or sacrifice (it cost them much effort; it cost him his life). 3 tr. (past and past… … Useful english dictionary
Factor analysis — is a statistical method used to describe variability among observed, correlated variables in terms of a potentially lower number of unobserved, uncorrelated variables called factors. In other words, it is possible, for example, that variations in … Wikipedia
Cost–utility analysis — (CUA) is a form of financial analysis used to guide procurement decisions. The most common and well known application of this analysis is in pharmacoeconomics, especially health technology assessment (HTA). Contents 1 CUA in health economics 1.1… … Wikipedia
Cost Accounting Standards — (popularly known as CAS) are a set of 19 standards and rules promulgated by the United States Government for use in determining costs on negotiated procurements. CAS differs from the Federal Acquisition Regulation (FAR) in that FAR applies to… … Wikipedia
Cost curve — In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms use these curves to find the optimal point of production (minimising cost), and… … Wikipedia
Factor of safety — See also: safety factor (plasma physics) Factor of safety (FoS), also known as safety factor (SF), is a term describing the structural capacity of a system beyond the expected loads or actual loads. Essentially, how much stronger the system is… … Wikipedia