Oncost

1 definition found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Oncost \On"cost`\, n. (Accounting)
     In cost accounting, expenditure which is involved in the
     process of manufacture or the performance of work and which
     cannot be charged directly to any particular article
     manufactured or work done (as where different kinds of goods
     are produced), but must be allocated so that each kind of


     goods or work shall bear its proper share. [Brit.]
     [Webster 1913 Suppl.]