standard cost
noun[C]
ACCOUNTINGukustheexpectedcostof ajob,project, or otheractivityif there are noproblemsthatincreasethetotalfor eachstageof theprocess:
We can usepreviouscostdatatocalculatethe product'sstandardcost.
Examplesofstandard cost
standard cost
There is no need to use astandardcostagain for these important decisions.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.Using a societal perspective, measurement and valuation principles are set out in astandardcost-benefit framework.
From theCambridge English Corpus
In section 5 we discuss why the results from the intertemporal model may deviate from the predictions made on the basis ofstandardcost-benefit analysis.
From theCambridge English Corpus
In the mean time, the equity-efficiency trade-offs suggested by current decisions can be estimated usingstandardcost-effectiveness analysis.
From theCambridge English Corpus
Standardcost-benefit analysis compares the discounted costs of investments with the discounted benefits from investment.
From theCambridge English Corpus
Standardcost-benefit analysis ignores these changes in the discount rate, and therefore may give incorrect prescriptions.
From theCambridge English Corpus
Moreover, this opportunity cost can be measured usingstandardcost-effectiveness methods.
From theCambridge English Corpus
Reported volumes of hospital days, contacts with general practitioners, outpatient visits, and hours of care were multiplied bystandardcostprices (15).
From theCambridge English Corpus
In fiscal year 1973, the national grant program of day-care centers started to pay the fixed percentage of a centrally establishedstandardcostand finally abolished the fixed sum system.
From theCambridge English Corpus
Hence, in the presence of credit market imperfections,standardcost-benefit analysis based on a pre-determined discount rate does not automatically lead to correct prescriptions.
From theCambridge English Corpus
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
- malachite green
- maladaptive
- maladjusted
- maladjustment
- maladministration
- maladroit
- maladroitly
- maladroitness
- malady
- mala fide
- mala-fide
- Malagasy
- malaise
- malaprop
- malapropism
- malar
- malaria
- malaria control
- malarial
- malaria parasite
- malaria prophylaxis
- malaria transmission
- malaria transmission
- malarious
- malarkey