Difference between revisions of "Costing"

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(Create page. Sources: linked pages and Oxford Dictionary.)
 
(Add 3rd definition.)
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1. ''Cost and management accounting.''
 
1. ''Cost and management accounting.''
  
The process of determining the cost of products or services.
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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.
 
Such costings may then be used, in turn, to plan selling prices or other management decisions.
  
  
2.
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2. ''Noun.''
  
Proposed or estimated costs or prices for a product, service or activity.
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The term costings is also used more broadly for the proposed or estimated costs or prices for any product, service or activity.
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3. ''Verb.''
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Costing can also refer to the process of obtaining costings, as described in 2. above.
  
  

Revision as of 19:52, 6 February 2019

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