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Costing is any system for assigning costs to an element of a business. Costing is typically used to develop costs for any or all of the following: Customers. System of computing cost of production or of running a business, by allocating expenditure to various stages of production or to different operations of a firm. job costing. Popular 'Accounting & Auditing' Terms. Costing definition: A costing is an estimate of all the costs involved in a project or a business venture. | Meaning, pronunciation, translations and examples.
Cost accounting is the process of recording, classifying, analyzing, summarizing, and allocating . Main article: Activity-based costing · Activity-based costing ( ABC) is a system for assigning costs to products based on the activities they require. The full costing technique is a managerial accounting method that describes when all fixed and variable costs are used to compute the total cost per unit. Definition of costing - the proposed or estimated cost of producing or undertaking something. 8 May Product costing is a methodology associated with managerial accounting, i.e., accounting intended to serve management in an operational. 10 Nov Focusing on syllabus area G3c): evaluate the following strategic options using marginal and relevant costing techniques.