All examples of determination of the price. Costs refers to all of the components that make up a group, whereas cost refers to the group as a whole in its singular form.
"The cost of a service comprises material costs and labour charges," for instance. In discussions about budgets and legal contracts, people frequently get confused by the difference between "cost" and "costs." Costs are the components value of purchases made for use by a company or other accounting entity of supplies, services, labour, products, equipment, and other items. It is the sum listed as the price on invoices and recorded as an expense or asset cost basis in bookkeeping records.
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