Job Costing - Standard Terminology

CMiC has established the following terminology within this manual and its product set:

Meaning	Terminology
Conceptual phase estimates	Budgeted phase units / Budgeted output units
Posted phase units complete	Output units complete
Quantities budgeted at category level	Budgeted input quantities
Quantities spent at category level	Spent input quantities
Amount budgeted at category level	Budgeted input cost
Amount spent at category level	Spent input cost

• Units are always associated with the phase.

• Quantities are always associated with the category.