Quick Answer: What Is A Lot Cost?

What is the meaning of costing a lot of money?

phrase.

to pay a very large amount of money..

What is the meaning of cost?

In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost.

What are current costs?

Current cost is the cost that would be required to replace an asset in the current period. This derivation would include the cost of manufacturing a product with the work methods, materials, and specifications currently in use.

How do you say something cost too much?

So below are the phrases to talk about things that are high priced.That’s a bit steep – This phrase suggests that something is little more expensive. … That’s a bit pricey – … Cost an arm and leg – … To pay through the nose – … Exorbitant – … Daylight robbery – … Break the bank – … Pay top dollar-

Is opportunity cost a real cost?

Opportunity costs are not restricted to monetary or financial costs: the real cost of output forgone, lost time, pleasure or any other benefit that provides utility should also be considered an opportunity cost. … In other words, the opportunity cost is the cost of the next best alternative for a product or service.

What is money Cost example?

Money Costs: It is nothing but the expenses incurred by a firm to produce a commodity. For instance, the cost of producing 200 chairs is Rs. 10000, and then it will be called the money cost of producing 200 chairs.

What are capital costs?

Capital costs are fixed, one-time expenses incurred on the purchase of land, buildings, construction, and equipment used in the production of goods or in the rendering of services. In other words, it is the total cost needed to bring a project to a commercially operable status.

What are the 3 types of cost?

Types of costsFixed costs. Fixed costs are costs that do not vary with the level of output in the short term.Variable costs. A variable cost varies in direct proportion with the level of output. … Semi-variable costs. … Total costs. … Direct costs. … Indirect costs.

How do you use the word cost?

Cost sentence examplesIt must have cost a fortune! … That must have cost you a pretty penny. … It would cost you a fortune. … I am simply curious at what cost you are willing to pursue your goal. … It would cost more than seven dollars to have them dry cleaned and pressed. … My ticket cost a whole lot less dough.More items…

How much it cost Meaning?

Phrase. How much does it cost? What is its price?, How much money do you want for it?

What is the difference between historical cost and current cost?

Historical cost, considers the original cost of the item, at the time and date of its acquisition. On the other hand, current value accounting involves, periodically updating the value of the items and to be recorded at that value, on which they can be currently sold in the market.

How do you politely say something is too expensive?

Originally Answered: How do you politely say “it’s too expensive”? Just say that its beyond your current budget, implying that you can afford it, but the item is not what you are looking for now. “I’m sorry, but that’s a little too steep for me. Do you have anything more economical?”

What is excessive cost?

Excess Cost means the amount by which the Operating Costs for any Operational Year exceed the Expense Stop.

What is it called when you like expensive things?

If you know someone who’s totally addicted to luxurious things and all of life’s pleasures, call her a sybarite.

What is real cost and money cost?

Answer: Real” cost implies an accumulation of various kinds of costs to attain the total costs while “Money” cost is the production cost expressed in monetary terms.

What are the 4 types of cost?

Following this summary of the different types of costs are some examples of how costs are used in different business applications.Fixed and Variable Costs.Direct and Indirect Costs. … Product and Period Costs. … Other Types of Costs. … Controllable and Uncontrollable Costs— … Out-of-pocket and Sunk Costs—More items…•

What is the difference between current cost and current value?

Current Cost = the cost incurred till now. Current Value = the amount for which we can dispose it as of now.