A costing process that takes advantage of real-time information about plant floor activities and provides a more accurate and timely financial feedback about the process efficiencies in response to new changes in the process operation. The costing process includes identifying stations that consume resources, consume activities and supply activities. The costing process also identifies a plurality of resources that are provided to one or more of the stations. The costing process also includes identifying resources from the plurality of resources that are used as needed and resources that are supplied in advance of being used. The costing process allocates costs for each resource to each station that the resource supplies, including calculating a cost rate, calculating a cost of used capacity and calculating a cost of unused capacity. The costing process then determines the cost that each station and product uses based on the allocations.