{"iri":"https://folio.openlegalstandard.org/RC7GKysEtuyvephvYFQW5iT","label":"Cost Rate","sub_class_of":["https://folio.openlegalstandard.org/RTHm2BxeaziDbm5655G1ki"],"parent_class_of":[],"is_defined_by":null,"see_also":[],"comment":null,"deprecated":false,"preferred_label":null,"alternative_labels":[],"translations":{},"hidden_label":null,"definition":"Cost rate refers to the monetary expenditure per unit of service or per unit of time spent on a task, offering insights into how costs align with revenue streams. It can be expressed as the rate at which expenses are incurred over a specific period (e.g., hourly, daily, monthly). Cost rate metrics are often used to (1) analyze or project the financial performance of a business or project and to (2) make comparisons, make budgeting decisions, and optimize operations.","examples":[],"notes":[],"history_note":null,"editorial_note":null,"in_scheme":null,"identifier":null,"description":null,"source":null,"country":null}