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English definition of “costing”

costing

noun [C or U]     /ˈkɒstɪŋ/ US   /ˈkɑːstɪŋ/ ACCOUNTING
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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