costing
/ˈkɒstɪŋ/
/ˈkɑːstɪŋ/ noun [C or U] ACCOUNTINGDefinition
› the process of calculating how much a product or service will cost, or the actual calculation itself: We'll need to see some detailed costings before we can decide to go ahead with the project. This software will help you provide accurate costing for each job that you do.
→ See also absorption costing, batch costing, direct costing, full costing, job costing, marginal costing, standard costing, variable costing(Definition of costing noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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