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costs

cost functions

noun

plural of cost function

Cost functions are used to optimize the performance of machine learning models.

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variable cost

noun

(accounting) A cost that changes with the change in volume of activity of an organization.

The variable cost of production is directly proportional to the quantity produced.

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low-cost

adj

Low in price; cheap, inexpensive.

This store offers a wide range of low-cost products.

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cost prices

noun

plural of cost price

The cost prices of the products have increased significantly.

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cost up

verb

(transitive) to calculate the costs of something.

The company needs to cost up the new project before making a decision.

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cost centres

noun

plural of cost centre

The company has multiple cost centres to track expenses.

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cost centers

noun

plural of cost center

The company has multiple cost centers to track expenses.

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needs-cost

adv

Of necessity or need; necessarily.

She needs to consider the cost before making a decision.

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absorption costing

/æbˈsɔɹp.ʃn̩ ˈkɑs.tɪŋ/

noun

(business) An accounting method to calculate the total cost of a product by factoring both direct and indirect costs.

Absorption costing is a method of allocating costs to products.

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absorption costings

noun

plural of absorption costing

Absorption costings are used to allocate overhead costs to products.

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