low cost; inexpensive

The systematic process of recording and analyzing the costs associated with a business activity or manufacturing goods; includes tracking materials, labor, and overhead to improve efficiency and set prices.

costs in business and accounting that change in proportion to the volume of goods or services produced

Costs that do not change based on the volume of production or price, such as rent, interest, or property taxes; the opposite of variable costs

The total cost of production divided by the total number of units produced.

investment strategy of investing a fixed amount of money at regular intervals regardless of the price

the overall or total cost of production or an operation

The value of the next best alternative that must be given up to make a choice; specifically used in economics.

(accounting) the standard or typical expense incurred under ordinary circumstances

the cost that has already been incurred and cannot be recovered, used in economics and business

production or manufacturing cost

The cost paid by society as a whole for the actions of an individual, group, or government, often referring to negative consequences like pollution or emergency rescue expenses that are not borne by the original actors.

the cost of producing one additional unit of a product or service

The direct cost of producing or marketing goods for sale; the cost of goods sold

The total expenses paid for human labor, including production, manufacturing, management, and service provision; one of the primary components of overall cost.production costs.

costs not directly linked to the production or manufacturing process, such as machinery depreciation or factory maintenance

The expense incurred in the production or treatment of goods, including labor and manufacturing overhead; cost of processing.

original cost of an asset as recorded in an account book; historic cost