cost discrepancy

USAGE SUMMARY

"cost discrepancy" is a correct phrase that can be used in written English.
An example sentence would be: "There was a cost discrepancy between the company's expense report and the purchase order".

✓ Grammatically correct

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

5 human-written examples

Unionization doesn't explain the cost discrepancy: Both Lear and auto companies have been organized by the United Auto Workers.

Forbes

And rightfully so, the cost discrepancy associated with these jets makes the nearly $100 million spent on the sponsorship scandal - the one that unseated the Liberals in 2006 - look like dog piss.

Vice

Such low prices speak to the growing glut of stolen data, and analysts say the cost discrepancy between the Twitter and LinkedIn accounts offers clues about the ways cybercriminals think.

Los Angeles Times

However, people only recently started paying closer attention to the deal after the Auditor General stated the government had always known about the TEN BILLION DOLLAR cost discrepancy (the operational costs, apparently), stopping just short of saying that they'd intentionally misled parliament and the public.

Vice

The cost discrepancy compared to our estimate may be due to technological changes, differences in patient co-morbidities or severity of infection.

BMC Health Services Research

Human-verified similar examples from authoritative sources

Similar Expressions

55 human-written examples

The startup's software platform also allows hospitals to set up alerts to keep them informed of cost discrepancies and declining quality of care.

TechCrunch

When we assumed similar program costs, the discrepancy in the two studies' results was further reduced.

BMC Public Health

Lower fitness costs, higher discrepancy in generation times (i.e., higher g) and higher mutation rates all act to reduce the realised strength of interaction.

BMC Evolutionary Biology

Taken together, using this methodology, we were able to identify objects within our analysis that displayed high variability (i.e. lower transferability), which allowed us to distinguish areas that contributed to cost evaluation discrepancies.

BMC Health Services Research

In addition to affecting quality of life and health care costs, these discrepancies have been proven to result in higher recurrence rates and shorter survival [ 20, 37, 46].

Breast Cancer Research and Treatment

The cost functional or discrepancy is defined as the L-2 norm of the difference between experimental and simulated measurements.

Mechanical Systems and Signal Processing

Expert writing Tips

Best practice

Use "cost discrepancy" when discussing unexpected or problematic differences in expenses or valuations.

Common error

Avoid using "cost discrepancy" to describe minor price variations easily explained by market fluctuations. Reserve it for situations where the difference is significant, unexplained, or indicative of an error or issue.

Linguistic Context

The phrase "cost discrepancy" functions as a noun phrase, typically serving as the subject or object of a sentence. It refers to a significant and often unexplained difference between two reported or expected costs. Ludwig AI confirms its proper usage in various contexts.

Expression frequency: Uncommon

Frequent in

News & Media

40%

Science

40%

Formal & Business

20%

Less common in

Wiki

0%

Encyclopedias

0%

Reference

0%

Ludwig's WRAP-UP

In summary, "cost discrepancy" is a noun phrase used to describe a notable and often unexpected difference between two costs. Ludwig AI confirms its grammatically correct usage, though it is relatively uncommon. It appears most frequently in news, science, and formal business contexts. When using the phrase, ensure the discrepancy is significant and that you clearly identify the differing values. Common alternatives include "cost variance" and "price discrepancy", offering flexibility in phrasing. Be mindful to avoid using it for minor price variations, as that might dilute the term's impact.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

cost variance

Focuses on the statistical measure of how actual costs deviate from standard or expected costs.

price discrepancy

Replaces "cost" with "price", emphasizing the difference in the amount consumers pay.

cost mismatch

Highlights a lack of alignment or agreement between expected and actual costs.

cost differential

Emphasizes the numerical difference between two costs being compared.

pricing discrepancy

Focuses specifically on differences in pricing, often in retail or sales contexts.

cost disparities

Suggests a significant and often unjust difference in costs, especially across different groups or regions.

cost variation

Indicates a fluctuation or change in costs, without necessarily implying an error.

cost deviation

Highlights a departure from a planned or expected cost, often in project management.

economic discrepancy

Broadens the scope to include differences in economic factors, not just direct costs.

cost imbalance

Implies a lack of equilibrium or fairness in cost distribution or allocation.

FAQs

How can I use "cost discrepancy" in a sentence?

You can use "cost discrepancy" to describe situations where there is an unexpected or unexplained difference in costs. For example: "The audit revealed a significant "cost discrepancy" between the estimated budget and the actual expenses."

What are some alternatives to "cost discrepancy"?

Alternatives to "cost discrepancy" include "cost variance", "price discrepancy", and "cost mismatch". The best choice depends on the specific context.

What's the difference between "cost discrepancy" and "price difference"?

"Cost discrepancy" often implies an unexpected or problematic difference in the calculation or reporting of costs, while "price difference" is a more neutral term simply indicating that two prices are not the same. It may be useful to consider "cost differential" too.

When should I use "cost discrepancy" instead of "cost variance"?

"Cost discrepancy" is used when highlighting an inconsistency or irregularity in cost figures, while "cost variance" is typically used in a financial or accounting context to measure the difference between actual and budgeted costs.