incurred costs
71Intangible drilling and development costs — (IDC) Costs incurred in preparing well locations, drilling and deepening wells, and preparing wells for initial production up through the point of installing control valves. None of these functions, because of their nature, have salvage value.… …
72Prediscovery costs — All costs incurred in an extractive industry operation prior to the actual discovery of minerals in commercially recoverable quantities; normally includes prospecting, acquisition, and exploration costs and may include some development costs.… …
73engineered costs — The building up of the levels of costs likely to be incurred by a production process by means of constructing synthetic costs, based on a logical consideration of the make up of each cost item. For example, the expected labour cost for a… …
74Irrelevant costs — The costs incurred last year (material, labour, and overheads) are not relevant to the decision. They are examples of past (sunk) costs. The original costs are not avoidable and are common to all alternatives …
75out-of-pocket costs — The additional costs that will be incurred as the result of a particular decision. In some circumstances, these costs will be more relevant to decision making than the total differential cash flows. For example, an organization with limited cash… …
76total costs — The sum of all the expenditure incurred during an accounting period, either within an organization, on a product, or on a process. It is often convenient to analyse the total costs into fixed costs and variable costs …
77out-of-pocket costs — The additional costs that will be incurred as the result of a particular decision. In some circumstances, these costs will be more relevant to decision making than the total differential cash flows. For example, an organization with limited cash… …
78Bill of costs — Cost Cost, n. [OF. cost, F. co[^u]t. See {Cost}, v. t. ] 1. The amount paid, charged, or engaged to be paid, for anything bought or taken in barter; charge; expense; hence, whatever, as labor, self denial, suffering, etc., is requisite to secure… …
79explicit bankruptcy costs — Specific costs incurred during the bankruptcy process such as legal fees, court costs, consultants fees, and document preparation expenses. Bloomberg Financial Dictionary …
80decommissioning costs — The costs incurred in ceasing an operation or activity. An example might be the removal of an oil rig and the restoration of the seabed. Under Financial Reporting Standard 12, a provision should be made for decommissioning costs relating to… …
