A cost object is any item such as products, customers, departments, regions, and so on, for which costs are measured and assigned.
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Q4: Direct costs are those costs that cannot
Q5: Assigning costs involves the way that a
Q6: An opportunity cost is the benefit given
Q7: Assigning costs tells the accountant who spent
Q8: A fixed cost is a cost that
Q10: Reducing the cost required to achieve a
Q12: Expired costs are called assets.
Q12: Allocation means that an indirect cost is
Q13: A cost object is something for which
Q14: A variable cost is one that does
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