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An implicit cost is an indirect cost, which we cannot control (or accrue), while the explicit cost can be followed and controlled. For example, for a car used in transport (as a taxi, let's say), an implicit cost will be the lube consumption or the usage of the parts, while a direct cost will be the fuel consumption.
An implicit cost is a cost that has occurred but it is not initially shown or reported as a separate cost. On the other hand, an explicit cost is one that has occurred and is clearly reported as a separate cost.
An example of implicit cost is: the cost of permits / custom clearance fees of certain procured materials. The cost of procuring plus the smaller costs, fees, permits are usually implicit within the bidding offer.
Explicit cost is the clearly-stated cost for a certain service, or number of units price, within bill of quantities.
Explicit cost is the cost of Nconha belong to a certain item or cost center itself
The implicit cost is a assigned to spend or pay, among other costs to achieve item
Rent, salary and other operating expenses are considered explicit costs and are recorded within a company's financial statements. The main difference between the two types of costs is that implicit costs are opportunity costs, while explicit costs are expenses paid with a company's own tangible assets.