costing
/ˈkɔstɪŋ/
noun
- The process of calculating the total cost of producing something or providing a service.
- The company hired an expert to handle the costing of the new product line.
- The manager reviewed the costing report before approving the budget.
- Accurate costing is essential for setting a fair price for customers.
verb
- Present participle of cost; having a particular price or requiring a particular amount of money.
- The new laptop is costing me more than I expected.
- We are costing the project carefully to avoid overspending.
- The repairs are costing the city millions of dollars.