What does average cost mean?
Definitions for average cost
av·er·age cost
This dictionary definitions page includes all the possible meanings, example usage and translations of the word average cost.
Princeton's WordNet
average costnoun
total cost for all units bought (or produced) divided by the number of units
Wikipedia
Average cost
Under the 'average cost method', it is assumed that the cost of inventory is based on the average cost of the goods available for sale during the period. The average cost is computed by dividing the total cost of goods available for sale by the total units available for sale. This gives a weighted-average unit cost that is applied to the units in the ending inventory. There are two commonly used average cost methods: Simple weighted-average cost method and perpetual weighted-average cost method.
ChatGPT
average cost
Average cost is the total cost of production divided by the number of units produced. It represents the cost of producing each unit, taking into account both fixed and variable costs. Average cost is often used to help determine pricing and production strategies in business.
Wikidata
Average cost
In economics, average cost or unit cost is equal to total cost divided by the number of goods produced. It is also equal to the sum of average variable costs plus average fixed costs. Average costs may be dependent on the time period considered. Average costs affect the supply curve and are a fundamental component of supply and demand.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of average cost in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of average cost in Pythagorean Numerology is: 8
Translations for average cost
From our Multilingual Translation Dictionary
Get even more translations for average cost »
Translation
Find a translation for the average cost definition in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Citation
Use the citation below to add this definition to your bibliography:
Style:MLAChicagoAPA
"average cost." Definitions.net. STANDS4 LLC, 2025. Web. 13 Feb. 2025. <https://www.definitions.net/definition/average+cost>.
Discuss these average cost definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In