cost analysis

noun

Definition of cost analysis

1 : the act of breaking down a cost summary into its constituents and studying and reporting on each factor
2 : the comparison of costs (as of standard with actual or for a given period with another) for the purpose of disclosing and reporting on conditions subject to improvement

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“Cost analysis.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/cost%20analysis. Accessed 24 Oct. 2020.

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