Search results
- Dictionarycosting/ˈkɒstɪŋ/
noun
- 1. the proposed or estimated cost of producing or undertaking something: "he obtained costings for manual keyboarding of the records"
Powered by Oxford Dictionaries
Feb 27, 2023 · This article talks about the definition of costing, its objectives and advantages. Read on and know how to make sound decisions about pricing.
Dec 29, 2023 · Costing is any system for assigning costs to an element of a business. Costing is typically used to develop costs for customers, distribution channels, employees, geographic regions, products, product lines, processes, subsidiaries, and entire companies.
Cost Accounting is business practice in which we record company's cost spent on any process in the organization. Different types of cost accounting are Marginal costing, activity-based accounting, standard cost accounting, lean accounting.
May 27, 2024 · Cost accounting is a form of managerial accounting that aims to capture a company's total cost of production by assessing the variable costs of each...
Feb 23, 2023 · Costing refers to ascertaining the actual cost. Estimating, in contrast to costing, refers to ascertaining—in advance—the probable cost of manufacturing an article, completing a contract, or executing a process in the near future. Pricing means fixing the selling price of an article.
Mar 10, 2023 · Costing is a type of accounting that works to assess an organization's total cost of production by looking at both variable and fixed costs during each step of production. This type of accounting data is calculated internally but is not shared externally.
Jun 29, 2024 · Cost accounting is a managerial accounting process that involves recording, analyzing, and reporting a company's costs. Cost accounting is an internal process used...
Jun 8, 2023 · Cost accounting is concerned with the collection, processing, and evaluation of operating data in order to achieve goals relating to internal planning, control, and external reporting. In this definition, examples of “operating data” include the cost of products, operations, processes, jobs, quantities of materials consumed, and labor time ...
Aug 27, 2021 · Full costing, or absorption costing, accounts for all costs, both fixed and variable along with overhead, that go into a finished product. Advantages of full costing include compliance with...
noun [ C or U ] ACCOUNTING uk / ˈkɒstɪŋ / us / ˈkɑːstɪŋ / Add to word list. 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.
