the process of estimating or determining the cost of something, the amount of money that something costs

costing system, job costing, standard costing

Formal and Informal Expressions of costing

In different contexts, you can replace 'costing' with suitable alternatives. In a more formal setting, 'pricing, valuation' is apt. In informal speech or writing, 'cost' is a commonplace synonym.

costing: Explore its Definition & Usage

costing Definition

1the process of estimating or determining the cost of something
2the amount of money that something costs

Using costing: Examples

Take a moment to familiarize yourself with how "costing" can be used in various situations through the following examples!

Example
The costing of the project was done by the finance department.
Example
The costing of the product is too high for the target market.
Example
The company is reviewing the costing of its services to remain competitive.

costing Synonyms and Antonyms

Synonyms for costing

Phrases with costing

costing system
a method used by companies to determine the cost of their products or services
Example
The company uses a sophisticated costing system to determine the price of its products.
job costing
a costing method used to determine the cost of producing a specific product or service
Example
The company uses job costing to determine the cost of each project.
standard costing
a costing method used to determine the cost of producing a product or service based on predetermined standards
Example
The company uses standard costing to determine the cost of its products.

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Summary: costing in Brief

The term 'costing' [ˈkɒstɪŋ] refers to the process of estimating or determining the cost of something, or the amount of money that something costs. It is commonly used in business contexts, such as 'The costing of the project was done by the finance department.' 'Costing' extends into phrases like 'costing system,' which refers to a method used by companies to determine the cost of their products or services.