costs

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In production, research, retail, and accounting, a cost is the value of money that has been used up to produce something or deliver a service, and hence is not available for use anymore. In business, the cost may be one of acquisition, in which case the amount of money expended to acquire it is counted as cost. In this case, money is the input that is gone in order to acquire the thing. This acquisition cost may be the sum of the cost of production as incurred by the original producer, and further costs of transaction as incurred by the acquirer over and above the price paid to the producer. Usually, the price also includes a mark-up for profit over the cost of production.
More generalized in the field of economics, cost is a metric that is totaling up as a result of a process or as a differential for the result of a decision. Hence cost is the metric used in the standard modeling paradigm applied to economic processes.
Costs (pl.) are often further described based on their timing or their applicability.

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  1. V

    NSW How to dispute legal costs in excess of $116,635?

    The Office of the Legal Services Commissioner states they can handle fee disputes between lawyers and client up to a total of $116,635. The legal costs I wish to dispute are more than double this limit. Which body do I approach to dispute legal costs of such a magnitude?
  2. Dpj

    VIC Investment property holding costs

    Background) I want to keep an investment property as one day i want to live there. My ex wants to sell. The property was neutrally geared lets say ($4k monthly P&I repayments of which ~$2k was interest). Then corona hit and rent return dropped 40%. In May, settlement proceeds from the sale of...
  3. B

    NSW Property valuation costs

    X partner has refused to accept 2 appraisels from real estate agents Now going down the path of a valuation Cost of $1000.00 Who is required to pauto as he has demanded the valuation Regards Basil
  4. marianapower

    NSW Question about Legal Costs Agreement

    Hello, I recently hired a law firm for a commercial matter. When I received a settlement offer, I was happy to take the offer - but the law firm said they could get more money/better outcome and this turned into further Deed negotiations. I was given a costs agreement of $12,000 and I put...
  5. P

    QLD Successful cost against employer - vexatious, unreasonable etc

    Has there been any successful cost decisions against employers? All the successful actions I have found were against employees, which is understandable because employees are the ones who make the initial action. Also employees have potentially less access to legal support and expertise, leading...
  6. J

    Costs Orders in current litigation proceeding and Bankruptcy set-off

    Hi I am researching law on the ability of a person served with a bankruptcy notice trying to use a setoff in an unrelated legal proceeding (same parties). That is a cost order in other proceedings (same parties) but the costs are reserved and the proceeding has not been finalised. John
  7. J

    Court Costs (reserved) and Bankruptcy Notice Set-off

    Hi I am researching law on the ability of a person served with a bankruptcy notice trying to use a setoff in an unrelated legal proceeding (same parties). That is a cost order in other proceedings (same parties) but the costs are reserved and the proceeding has not been finalised. John
  8. F

    VIC Separation - payment of legal fees

    I am currently going through a separation. As I understand in most cases both parties bear their own legal costs. I myself have a loan agreement with my parents to pay for my legals. My ex has taken out an IVO on me and I have some legal costs (20K) associated with defending the order. My...
  9. O

    SA effect of dormant costs order on future litigation

    Hey all, previous proceedings now listed as closed produced orders with the following 12. The Applicant pay the Respondent’s costs incurred in the parenting proceedings commencing 10March2016 and ongoing, such costs to be agreed or fixed by the Court. 13. The mother’s solicitors file an...
  10. T

    VIC Paying settlement costs

    In our property settlement I agreed to remortgage the house and pay my ex-spouse 90K in our settlement in return for removing his name from the mortgage (originally in both our names). I also agreed to pay for the transfer. I engaged a conveyancer who quoted $400. All my ex had to do was attend...