From ACT Wiki
Revision as of 19:52, 6 February 2019 by Doug Williamson (Talk | contribs) (Add 3rd definition.)

Jump to: navigation, search

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