The article provides a practical guide on costing, focusing on different types of costs, costing procedures, systems, and methods. It also discusses how costs can influence management decisions, planning, and control. Key topics include cost classification, cost behavior patterns, material and labor costing procedures, overhead costing, cost book-keeping systems, cost-volume-profit analysis, budgeting, standard costing, and variance analysis. The main goal is to help readers understand how to effectively manage costs in various business scenarios.