Which of the following describes the term cost object?
A) An object which costs money to purchase
B) Any type of cost which is incurred to produce a finished product
C) Anything which requires a detailed record of its component costs to be kept
D) Any cost which is treated as a period expense

Question

Quizplus · Accepted Answer

A cost object is anything for which a separate measurement of costs is desired. It can be a product, a service, a project, or a customer, among other things, and requires a detailed record of its component costs.

Which of the Following Describes the Term Cost Object