Definition of Cost driver:
Factors that can change the cost of the activity.
An activity can be assigned to more than one cost generator. For example, production activity may have the following cost factors: machine, machine operator, occupied area, energy consumption, and amount of waste and / or product. Decreased
How to use Cost driver in a sentence?
- I wonder how high the price factor is and at what price the goods should be converted.
- You need to understand how to adjust the cost and set your new price too early.
- Bill knew that the actual output of his engine should be very low, but he was slow and kept the engine running at the full cost of the pilots.
Meaning of Cost driver & Cost driver Definition