teleport - transport by dematerializing at one point and assembling at another. 1  science fiction - literary fantasy involving the imagined impact of science on society. 2  transport - move something or somebody around; usually over long distances.
Actual cost is the total amount of materials, labor costs, and any directly associated overhead costs that can be charged to a specific project. This is different from the standard cost, although both approaches are often used to evaluate the profitability of a given project.
The difference between standard costs and actual costs is calculated and analyzed periodically to alert management about the impact on the product's profitability. 1  1. Set up a standard costing system for direct materials. 2  2. Calculate direct material price variance. 3  3. Calculate direct material quantity variance.