Words / C / Business

costing

noun/ˈkɒstɪŋ/

B2CEFR level
55/100Rarity: uncommon
TechnicalRegister

The process of estimating or assigning the costs of a product, job, or activity.

The job costing revealed that the bespoke orders were being priced well below what they actually cost to produce.

Similar: cost estimation

Topic: Accounting in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Accounting