In business, an imputed cost is an estimate of the opportunity cost of making use of a resource that is already owned and so has no formal price. In arriving at the true cost of a process, the imputed cost must be added to the actual outlay. For example, if one wishes to instal a commercial process in one's garage, the true cost is obtained by adding the interest one could earn on the money obtained by selling the garage to the cost of the plant, machinery, raw materials, etc. Research Imputed Cost
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Abbreviations
Research Imputed Cost
