CEFR A2

costing

noun/verb

Meaning

The process of estimating or calculating the total expense required to produce a product or complete a project.

Examples

The firm is currently costing the materials needed for the upcoming renovation.
Accurate costing is essential for maintaining profitability in the manufacturing sector.

Synonyms: pricing, estimating, budgeting, valuation

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costing (A2)

noun/verb

Pronunciation: /ˈkɒstɪŋ/

Definition

The process of estimating or calculating the total expense required to produce a product or complete a project.

Examples

The firm is currently costing the materials needed for the upcoming renovation.
Accurate costing is essential for maintaining profitability in the manufacturing sector.
After careful costing, they realized the original design was far too expensive.

How to Use costing

costing out (phrasal verb): To calculate the total cost of something in detail. — "We need to spend time costing out every single component of this engine."
accurate costing (collocation): Precise calculation of expenses. — "Without accurate costing, the business risks running out of capital."

Synonyms of costing

Words with a similar meaning to costing:

Antonyms of costing

Words with the opposite meaning to costing:

underestimating

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