costing

costing
costing cost‧ing [ˈkɒstɪŋ ǁ ˈkɒːst-] noun [countable, uncountable] ACCOUNTING
the process of calculating the cost of a future activity or product, or the calculation itself:

• Railtrack originally said the scheme would cost £100 million, but last year produced revised costings of £350 million.

abˈsorption ˌcosting [uncountable] ACCOUNTING
a way of calculating the cost of a product, including the cost of producing it and also the general costs of running the business or factory
ˈbatch ˌcosting [uncountable] ACCOUNTING
a system where the cost of making a product is calculated by the batch rather than by the individual item, including comparing the costs of different sized batches made under different conditions
ˈjob ˌcosting [uncountable] ACCOUNTING
the costing of each piece of work in a production process as a separate cost
ˌmarginal ˈcosting also ˌstandard ˈcosting [uncountable] ACCOUNTING
a system of costing where Overheads (= general costs not directly related to particular goods or services) are not included and are calculated separately

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costing UK US /ˈkɒstɪŋ/ US  /ˈkɑːstɪŋ/ noun [C or U] 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(Cf. ↑absorption costing), BATCH COSTING(Cf. ↑batch costing), DIRECT COSTING(Cf. ↑direct costing), FULL COSTING(Cf. ↑full costing), JOB COSTING(Cf. ↑job costing), MARGINAL COSTING(Cf. ↑marginal costing), STANDARD COSTING(Cf. ↑standard costing), VARIABLE COSTING(Cf. ↑variable costing)

Financial and business terms. 2012.

Look at other dictionaries:

  • costing — n. cost accounting. [British] [WordNet 1.5] …   The Collaborative International Dictionary of English

  • costing — (izg. kòstīng) m DEFINICIJA ekon. proces utvrđivanja i obračunavanja troškova poslovanja ETIMOLOGIJA engl …   Hrvatski jezični portal

  • costing — ► NOUN ▪ the estimated cost of producing or undertaking something …   English terms dictionary

  • costing — UK [ˈkɒstɪŋ] / US [ˈkɔstɪŋ] noun [countable/uncountable] Word forms costing : singular costing plural costings calculation of the expected cost of a plan, business proposal etc …   English dictionary

  • Costing — Cost Cost (k[o^]st; 115), v. t. [imp. & p. p. {Cost}; p. pr. & vb. n. {Costing}.] [OF. coster, couster, F. co[^u]ter, fr. L. constare to stand at, to cost; con + stare to stand. See {Stand}, and cf. {Constant}.] 1. To require to be given,… …   The Collaborative International Dictionary of English

  • costing — cost|ing [ˈkɔstıŋ US ˈko:st ] n [U and C] the process of calculating the cost of a future business activity, product etc, or the calculation itself ▪ the planning and costing of staffing levels ▪ We were asked to prepare detailed costings for the …   Dictionary of contemporary English

  • costing — [[t]kɒ̱stɪŋ, AM kɔ͟ːst [/t]] costings N VAR A costing is an estimate of all the costs involved in a project or a business venture. [mainly BRIT] We ll put together a proposal, including detailed costings, free of charge. Syn: estimate (in AM, use …   English dictionary

  • costing — / kɒstɪŋ/ noun a calculation of the manufacturing costs, and so the selling price of a product ● The costings give us a retail price of $2.95. ● We cannot do the costing until we have details of all the production expenditure …   Marketing dictionary in english

  • costing — / kɒstɪŋ/ noun a calculation of the manufacturing costs, and so the selling price, of a product ● The costings give us a retail price of $2.95. ● We cannot do the costing until we have details of all the production expenditure …   Dictionary of banking and finance

  • costing — /kaws ting, kos /, n. Chiefly Brit. See cost accounting. * * * …   Universalium

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