COSTING

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Definitions

1. a precise art by which the total expenses of the organization administration and production must be adequately covered in the pricing allowing for all losses and errors in delivery and adequate to produce a reserve. (HCO PL 14 Dec 70)

2. this is a detailed rundown of what the costs of the action will beòÀÔincludes premises, pay of personnel, legal fee estimate, etc. Any and all costs are estimated and listed. (FO 2261)