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insulation cost

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1) "Insulation" -- As to insulation cost in·su·la·tion Pronunciation: "in(t)-s&-'lA-sh&n Function: noun 1 a : the action of insulating b : the state of being insulated 2 : material used in insulating Pronunciation Symbols Insulation may mean: Building insulation, thermal insulation added to buildings for comfort and energy efficiency Electrical insulation, materials used to inhibit the conduction of electricity Soundproofing, also known as acoustic insulation, any means of reducing the intensity of sound Thermal insulation, materials used to reduce the rate of heat transfer Chromatin insulation ..." 2) "Cost" -- As to insulation cost 1cost Pronunciation: 'kost Function: noun 1 a : the amount or equivalent paid or charged for something : PRICE b : the outlay or expenditure (as of effort or sacrifice) made to achieve an object 2 : loss or penalty incurred especially in gaining something 3 plural : expenses incurred in litigation; especially : those given by the law or the court to the prevailing party against the losing party - cost·less /-l&s/ adjective - cost·less·ly adverb - at all costs : regardless of the cost or consequences <was determined to win at all costs> - at cost : for the price of production <buys clothes at cost directly from the manufacturer> Pronunciation Symbols In economics, business, and accounting, a cost is the value of inputs that have been used up to produce something, and hence are 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. Costs are often further described based on their timing or their applicability. 1 Accounting vs opportunity costs 2 Comparing Private, external, social and psychic costs 3 Cost estimates and cost overrun 4 References 5 Path Cost 6 See also Historical costs or accounting costs represent the total amount of money (or the monetary value of goods) spent. It is the amount denoted on invoices and recorded in bookkeeping records. Opportunity cost, also referred to as economic cost is the value of the best alternative that was not chosen in order to pursue the current endeavour--i.e., what could have been accomplished with the resources expended in the undertaking. It represents opportunities forgone. If a person has a job offer that pays $25 for an hour's work, and instead chooses to take a nap, then the accounting cost of the nap is zero; the person did not hand over any money in order to nap. However, the opportunity cost is the $25 that could have been earned working. In theoretical economics, cost used without qualification often means opportunity cost. When a transaction takes place, it typically involves both private costs and external costs. Private costs are the costs that the bu..." 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