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average cost

   Also found in: Dictionary/thesaurus, Financial, Wikipedia, Hutchinson 0.02 sec.
average cost
Average benefit Managed care The cost per unit of output, calculated as the cost or benefit of all units of output divided by the number of units


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BOAT BITS $747,577 Average cost to maintain one mile of interstate highway in 2006.
19, 2006 continents, the AICPA proposed that the IRS and Treasury should allow the use of the rolling average cost method in valuing inventories when this method approximates actual cost.
They conclude that [R - (COC X IC)/P] is a measure of employee productivity, PC/P represents average cost per person.
 
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