costing
noun [ C or U ]
ACCOUNTING uk/ˈkɒstɪŋ/ us/ˈkɑːstɪŋ/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
batch costing
direct costing
full costing
job costing
marginal costing
standard costing
variable costing