Billed cost
Billed cost is a term used in accounting to refer to the total cost incurred by a company for a particular project or activity. This cost includes both direct and indirect expenses, such as labor, materials, overhead, and other related costs.
For example, if a company is building a new office building, the billed cost would include the cost of the land, construction materials, labor, permits, and any other expenses related to the project. This total cost is then used to determine the overall profitability of the project.
It is important for companies to accurately track and calculate their billed costs in order to make informed business decisions and ensure that projects are completed within budget. By understanding the total cost of a project, companies can better allocate resources and manage their finances effectively.
Overall, billed cost is a crucial metric in accounting and project management that helps companies assess the financial impact of their activities and make strategic decisions for future projects.
Examples of billed cost:
- Cost of goods sold
- Direct labor costs
- Overhead expenses
- Depreciation costs
For more information on billed cost, you can visit Wikipedia.