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estimating is a process im math where you round numbers. to round is to take for example a number between say 10 and 20 I'll use 14. numbers such as 1-4 you take it and go down to the first solid number. numbers such as 5-9 you take it and go up to the second number. so example 14 rounds or estimates down to 10. And costing is taking two or more numbers between two set numbers rounding them to the closet given number and the adding, subtracting,multipling,or dividing example: set numbers 10 and 20 I'll take 15 and 12. 15 rounds to 20. 12 rounds to 10 adding 10 and 20 to get an estimate costing is an uneeded step if you are good in math. That's all there is to it
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What does costly mean?
Costing a lot ; expensive
You need a plan of 4 bedroom timber house and costing for a child's project?
we need plan 4 bedroom timber house and estimate costing for childs project
What does costing lives mean?
In the context of "this war is costing lives" it means it is taking peoles lifes i.e. killing them
What does the process of job costing mean in terms of business?
Job costing or as some may know it, Job order costing is fundamental to managerial accounting. It differs from Process costing in that flow of cost is tracked by job but not a process. The main difference is that Job costing is in the nature of jobs/work and process costing in a process.
Define process costing its types features applications?
Job Order Costing Operation Costing Normal Costing Actual Costing Standard Costing Kaizen Costing Target Cost
Is direct costing the same as variable costing?
Variable costing is called marginal costing while direct costing is separate concept.
Is a hospital a job costing or process costing?
a job costing
What is the and purpose of Job Costing Process Costing?
outline the characteristics and purpose of: Job costing and process costing
What is the job costing and give you the example?
Labour costing. Material costing
Is the marginal costing called direct costing?
Yes marginal costing is also sometimes called direct costing.
If you were a candy manufacturer which costing system should you use full absorption costing or variable costing?
full absorption costing
What is the characteristics and purpose of Job Costing and Process costing?
what is the purpose of process costing?
