This manual is designed to provide an alternative for small colleges that are unable to use computer-based software and models available through the National Center for Higher Education Management Systems (NCHEMS). Included are concepts drawn from other NCHEMS costing projects, using simplified worksheets for cost-analysis computations rather than computer-based systems. Guidelines are presented for developing unit-cost data for use in internal management, and producing nonfinancial data that are useful in interpreting cost information. The guide is based on current practice among a group of small colleges that developed their own costing methods. These practices can be compared across units or with other campuses. Appendices include: descriptions of costing approaches and the use of cost information from "Procedures for Determining Historical Full Costs;" a discussion of cost and costing principles in higher education from "Fundamental Consideration for Determining Cost Information in Higher Education;" a student data module software description; and information on constructing an instructional workload matrix. (SW)