Costing

1. Cost and management accounting.

Costing is the process of determining the cost of products or services to be produced and supplied.

Such costings may then be used, in turn, to plan selling prices or other management decisions.

2. Noun.

The term costings is also used more broadly for the proposed or estimated costs or prices for any product, service or activity.

3. Verb.

Costing can also refer to the process of obtaining costings, as described in 2. above.

See also

• Absorption costing
• Activity-based costing
• Budget
• Cost centre
• Direct costs
• Fixed cost
• Indirect costs
• Job costing
• Forecast
• Management accounting
• Marginal costing
• Process costing
• Variable cost