Full cost
The cost of a product/service that includes an allocation of all the (production and
non-production) costs of the business.
Related Terms: ...
full cost method
accounting method used by some extractive industries, particularly oil and gas companies, in which all exploration costs are capitalized whether the projects are successful or unsuccessful.
FULL COST RECOVERY - adjusting fees/prices for goods/services to where all cost of operations and maint...
FULL COSTING - see ABSORPTION COSTING.
Absorption Costing (Full Costing) - Finance Glossary
Absorption costing is a method for appraising or valuing a firm's total inventory by including all the manufacturing costs incurred to produce those goods. These manufacturing costs include: ...
New Title Investment Decision models
(a) Full cost costing
New title Pricing Form ...
Full costing: In this textbook, full costing is synonymous with absorption costing. More generally, full costing can also refer to the inclusion of nonmanufacturing as well as manufacturing costs in the determination of product costs.
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Full Costs. All costs including Direct Costs and general and administrative expenses as well as selling expenses.
Full cost method, also known as absorption costing, is a method of costing that includes all manufacturing costs " direct materials, direct labour and both variable and fixed manufacturing overhead " in the cost of a unit of product.
Full disclosure ...
The full cost of fertilizer, lime, or other soil conditioners is deductible as a current expense, if the effectiveness of the material applied will not last longer than 1 year.
You can deduct the full cost, not just 50 percent, of providing an occasional social or recreational event for your employees, such as a company picnic or holiday party.
Definition: The full costs to society of one extra unit.
Related glossary term:
Marginal private cost ...
Under the absorption concept, a product or service would be assigned its full cost, including amounts that are not easily identified with a particular item.
Eventually the company does get to deduct the full cost of the asset, but this happens over several years. In the US, the IRS's depreciation schedule for any given class of asset is fixed, and is related to typical durability.
An EXTERNALITY can arise when people engaged in economic activity do not have to take into account the full costs of what they are doing.
The insured person is generally expected to pay the full cost of non-covered services out of their own pocket.
Coverage limits: Some health insurance policies only pay for health care up to a certain dollar amount.
You buy an immediate annuity by paying the full cost of the annuity contract at the time of purchase. The annuity then begins paying income right away or within a year at the latest.
For share trading it is usual for clients to place funds on margin, but positions have to be closed within the trading settlement period, or the full cost of the purchase has to be made.
In Canada, the United States, and some other countries oil companies utilize either 'successful efforts' or 'full cost' accounting.
Parents may borrow up to the full cost of their children's education, less the amount of any other financial aid received. PLUS Loans may be used to pay the EFC.
The seller has to bear the full cost and risk involved in bringing the goods there.
The New York Stock Exchange (NYSE) and NASD additionally require your account to have a minimum margin of $2,000 or the full cost of the purchase, whichever is less, at the time you trade, ...
A futures market in which the price difference between contracts with two different delivery months equals the full cost of carrying the commodity from the delivery month of the first contract to the next.
A policy that covers the full cost of replacing damaged property without any allowances or deductions, e.g., depreciation.
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This means that the originator of the call pays the full cost. The network from which the call originates is charged by the network on which the call terminates. This charge is the termination charge.
This creates a habit of Airlines to sell otherwise empty seats below full cost in order to generate some extra margin on each flight. This works fine if only one Airline does it to fill extra seats.
Social costs The full costs borne by society whenever a resource use occurs. Social costs can be measured by adding private, or internal, costs to external costs.
Guaranteed replacement cost coverage insurance
A policy that covers the full cost of replacing damaged property without any allowances or deductions, e.g., depreciation.
Commercialism is the imposition of business principles and full cost-accounting techniques on government enterprises.
A pricing term under which the seller's only responsibility is to clear the goods for export and make them available to the buyer at an agreed upon location (factory, warehouse, ship, etc.). The buyer then bears the full cost and risk involved in ...
PLUS loans are available through the federal student loan program to parents of undergraduate students and to graduate students. These low-cost loans are designed to help cover the full cost of higher education.
Perkins loan ...
Individuals and companies, for example, can sometimes dump pollution into the air and water without being made to bear the full cost of environmental degradation. The costs are passed on to society as a whole.
unless you have a solid dental plan.
life without dental
A good dental plan proves its worth with numbers. Without coverage, you'd be paying the full cost for every oral necessity (I'm still talking about your teeth).
Profit - The difference between total revenues and the full costs involved in producing or selling a good or service; it is a return for risk taking.
Property tax - Taxes paid by households and businesses on land and buildings.
 See also: Expense, Cost of goods, Opportunity cost, Cost of capital, Cost of goods sold
  
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