Question

Answer in two sentence- costing

Answer 1

Answer

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Explanation:

Product costing  is the process of determining the business expenses associated with the manufacture of a product.  For example, a company manufacturing both laptop computers and cell phones may allocate expenses based on the number of machine hours used to produce each product.

Product costing methods are used to assign cost to a manufactured product. The main costing methods available are process costing, job costing and direct costing. Each of these methods apply to different production and decision environments. Job costing:This is the assignment of costs to a specific manufacturing job

Answer 2

Answer:

costing :

the proposed or estimated cost of producing or undertaking something.