How Do You Spell APPLIED COST?

Pronunciation: [ɐplˈa͡ɪd kˈɒst] (IPA)

The spelling of the word "applied cost" is straightforward when using the International Phonetic Alphabet (IPA). The first syllable, "a-," is pronounced as /ə/, which is a weak, unstressed schwa sound. The second syllable, "-plied," is pronounced as /pleɪd/, with a long "a" sound and a voiced "d" at the end. The final syllable, "-cost," is pronounced as /kɒst/, with a short "o" sound and a hard, voiceless "c" at the beginning. Together, the IPA transcription of "applied cost" is /əˈpleɪd kɒst/.

APPLIED COST Meaning and Definition

1. Applied cost refers to the specific expenses incurred by a company while producing goods or providing services. It is a category of costs that are directly associated with the production process or the delivery of a particular product or service. Applied costs are typically utilized in managerial accounting and are crucial for determining a company's profitability and making informed business decisions.

   Applied costs are also known as "direct costs" because they can be easily traced back to a specific product or service. These costs include the cost of materials and labor directly used in the production process, as well as any other expenses that are directly attributable to the production or delivery of a product or service. For example, if a company manufactures shoes, the cost of the leather, thread, and labor required to make those shoes would be considered applied costs.

   The purpose of calculating applied costs is to allocate the appropriate expenses to each product or service. This allows businesses to accurately determine the actual cost of production for each unit. By analyzing applied costs, companies can identify areas where cost-saving measures can be implemented and evaluate the profitability of different products or services. Additionally, applied costs are crucial for pricing decisions, as they form the basis for determining the selling price and ensuring that it covers the cost of production.

Common Misspellings for APPLIED COST

• zpplied cost
• spplied cost
• wpplied cost
• qpplied cost
• aoplied cost
• alplied cost
• a-plied cost
• a0plied cost
• apolied cost
• apllied cost
• ap-lied cost
• ap0lied cost
• appkied cost
• apppied cost
• appoied cost
• applued cost
• appljed cost
• applked cost
• apploed cost
• appl9ed cost

Etymology of APPLIED COST

The word "applied cost" does not have a specific etymology. It is a combination of the word "applied", which means to put to use or implement, and "cost", which refers to the value of resources used or sacrificed to achieve a specific purpose. The term "applied cost" is commonly used in accounting and economics to describe the direct costs associated with producing goods or services.