ACTUAL COST (AC or ACWP) – The costs actually incurred and recorded in.
example, if an activity were planned to have cost ten dollars, when the activity is
. product. PROGRAM – In the context of EVM, a PROGRAM or PROJECT.
For example, an item that cost $100 in 1990 is more expensive than an item that
cost. Products with similar mission applications have similar characteristics and
. service or defense agency as to the actual responsibility for this cost estimate.
Product costs equal the sum of your direct materials costs, direct labor costs and
manufacturing overhead costs. Using the actual costing method, you can. For
example, assume your small business had $5,000 in total manufacturing.