Costing
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Explore more → What is Costing?
Costing is the process of estimating and determining the total expenses involved in producing a product, providing a service, or undertaking a project. It involves identifying, measuring, and assigning costs to specific cost objects. Common methods include activity-based costing, standard costing, and marginal costing, and it's used to make informed decisions about pricing, profitability, and resource allocation.
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