Definition of standard cost in English:

standard cost

Line breaks: stand|ard cost

Entry from British & World English dictionary

noun

The estimated cost of a process, resource, or item used in a manufacturing enterprise, entered in an account and compared with the actual cost so that anomalies are readily detectable.

Derivatives

standard costing

noun

Definition of standard cost in:

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Pronunciation: fləˈjiSHəs
adjective
(of a person or their actions) criminal; villainous