costing


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cost

 (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, etc
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.costing - cost accounting
cost accounting - keeping account of the costs of items in production
Britain, 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
Translations

costing

[ˈkɒstɪŋ] Ncálculo m del coste

costing

[ˈkɒstɪŋ] ncalcul m du prix de revient

costing

nKalkulation f; costing departmentKostenbuchhaltung f, → betriebliches Rechnungswesen

costing

[ˈkɒstɪŋ] n(determinazione f dei) costi mpl
References in classic literature ?
Enough," said Sancho; "so be it then, and God grant us success, and that the time for winning that island which is costing me so dear may soon come, and then let me die.
Because inventory costing systems at that time were less sophisticated, the averaging process took place infrequently; in periods of rapidly increasing prices, an averaged cost for ending inventory items could be lower than any cost incurred during the current year.
Recent studies indicate that the average industrial consumer experiences 8 power-quality events each year (EPRI CEIDS, Cost of Power Disturbances), costing between US$10,000 and $30,000 per event for pulp and paper processes, and from $10,000 to $50,000 per event for plastics and semiconductor manufacturers.
On the other hand, what may appear to be a cost-effective solution up front may end up costing the business a significant amount of money in the long run.
But "it's imperative to also use activity- or process-based costing to identify costs for such things as inventory carrying costs and order processing," says Marc Shingles, customer profitability solution/practice leader for Cap Gemini Ernst & Young.
She specifically explains the advantages of using activity-based costing (ABC).
This approach is based on the principles of Activity-Based Costing (ABC).
Full costing is necessary to fulfill the intent of GPRA, and federal financial accounting and reporting systems should place due emphasis on full costing as well as on budget execution.
A costing software system's ability to supply accurate casting costs and measure actual costs against those costs is a priority in today's foundry industry.
This involves costing out the various activities that go into a patient's or group of patients' care - for example, the cost of assessment and of the therapies used.
The packages listed here are all stand-alone costing and quoting applications - as opposed to full-blown MRP II systems, which capture all sorts of data essential to understanding manufacturing cost structures.
In the mid-1980s, Wetaskiwin Hospital was selected as the Alberta test site for the implementation of new national guidelines2 for the collection and reporting of resource utilization and costing information.