Costing items are products or services that contribute to a company’s expenses. These items are used to help business owners and management understand how much money is being spent to produce each product or service. In order for companies to remain profitable, it’s important to identify and understand these costing items. Allocating the right resources, materials, and labor towards any given project can make a huge difference in terms of saving costs and increasing profits. By closely analyzing costing items businesses can better manage their cash flow and increase their bottom line!