Actual Cost

B1 16+

Pronunciation: /ˈæk.tʃuəl kɒst/

Definitions of actual cost

noun A word that represents a person, place, thing, or idea. In this case, 'actual' can also function as a noun, representing something that is real or existing in fact.

Example Sentences

A1 The actual cost of the item was $10.

A2 She was surprised by the actual cost of the repairs.

B1 It is important to consider the actual cost of living in a new city before moving.

B2 The actual cost of the project ended up being much higher than initially estimated.

C1 The company conducted a detailed analysis to determine the actual cost of production.

C2 The actual cost of healthcare in this country is a major concern for many citizens.

adjective A word that describes or modifies a noun. In this case, 'actual' is an adjective that specifies that the cost being referred to is real or factual, as opposed to estimated or projected.

Example Sentences

A1 The actual cost of the item was higher than expected.

A2 We need to calculate the actual cost of the project before moving forward.

B1 The company underestimated the actual cost of production.

B2 It's important to consider the actual cost when making financial decisions.

C1 The actual cost of living in this city is much higher than in rural areas.

C2 The actual cost of healthcare can vary greatly depending on the provider and services needed.

Examples of actual cost in a Sentence

formal The actual cost of the project turned out to be higher than initially estimated.

informal I didn't realize the actual cost of the concert tickets until I checked my bank statement.

slang I was shocked when I found out the actual cost of the repairs - it was way more than I expected.

figurative The actual cost of pursuing your dreams may be higher than you anticipate, but it's worth it in the end.

Grammatical Forms of actual cost

plural

actual costs

comparative

more actual

superlative

most actual

present tense

actual cost

future tense

will be actual cost

perfect tense

has been actual cost

continuous tense

is being actual cost

singular

actual cost

positive degree

actual cost

infinitive

to actual cost

gerund

actual costing

participle

actual costed

Origin and Evolution of actual cost

First Known Use: 1601 year
Language of Origin: Latin
Story behind the word: The term 'actual cost' originated from the Latin word 'actus', meaning 'done' or 'performed'.
Evolution of the word: Over time, the term 'actual cost' has evolved to refer to the real cost incurred in the production or acquisition of goods or services, as opposed to estimated or budgeted costs.