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costing
cost C0671800 (kôst)n.1. An amount paid or required in payment for a purchase; a price.2. The expenditure of something, such as time or labor, necessary for the attainment of a goal: "Freedom to advocate unpopular causes does not require that such advocacy be without cost" (Milton Friedman).3. costs Law Charges incurred in bringing litigation, including court fees and charges that may be payable by the losing party, but usually not including attorneys' fees.v. cost, cost·ing, costs v.intr. To require a specified payment, expenditure, effort, or loss: It costs more to live in the city.v.tr.1. To have as a price.2. To cause to lose, suffer, or sacrifice: Participating in the strike cost me my job.3. past tense and past participle costed To estimate or determine the cost of: The accountants costed out our expenses.Idiom: at all costs Regardless of the expense or effort involved; by any means.
[Middle English, from Old French, from coster, to cost, from Latin cōnstāre, to be fixed, cost; see constant.]
cost′less adj.costing (ˈkɒstɪŋ) n (Commerce) commerce an estimate of the cost of a product, process, etc, for the purposes of pricing, budgeting, control, etcThesaurus| Noun | 1. | costing - cost accountingcost accounting - keeping account of the costs of items in productionBritain, Great Britain, U.K., UK, United Kingdom, United Kingdom of Great Britain and Northern Ireland - a monarchy in northwestern Europe occupying most of the British Isles; divided into England and Scotland and Wales and Northern Ireland; `Great Britain' is often used loosely to refer to the United Kingdom |
TranslationsEncyclopediaSeecostcosting
costing the process of ascertaining the cost of a PRODUCT, COMPONENT or SERVICE. With historical costing, costs are ascertained after they have been incurred, though most businesses seek to gauge future costs through STANDARD COSTING. Product costing seeks to determine the cost of each job or batch of products in order to assess the cost per unit. Contract costing is used to determine the construction costs of a large-scale building or civil engineering contract. Process costing is used where liquid or gaseous materials such as oil pass through several refining/heating processes to produce products such as petrol and by-products such as tar, and seeks to determine the costs of products by dividing output volume by materials and processing costs. costing
Related to costing: marginal costing, cost accounting, product costing, process costingWords related to costingnoun cost accountingRelated Words- cost accounting
- Britain
- Great Britain
- U.K.
- UK
- United Kingdom
- United Kingdom of Great Britain and Northern Ireland
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