1. What is a cost object? Identify four different cost objects in which an accountant would be interested.

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Answer 1

Textbook Question

Chapter 12, Problem 1Q

1. What is a cost object? Identify four different cost objects in which an accountant would be interested.

Expert Solution & Answer

To determine

The cost object and the 4 different cost objects that the accountant will be interested.

Explanation of Solution

A thing for which one is planning to identify the cost is termed as cost object. The 4 different cost objects that the accountant will be interested in are as follows:

Products
Services
Activities
Departments

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Students have asked these similar questions

Describe three different ways in which managers determine cost behavior, which do you think is most accurate? How can you visualize cost behavior and why is this important?

Which of the following is a correct statement? Check only those that are correct. Choose All That Apply Cost tracing is when a cost is attributed directly to a cost object.Cost tracing is when a cost is attributed directly to a cost object. Cost accumulation is the process of gathering cost information about each cost object.Cost accumulation is the process of gathering cost information about each cost object. Cost allocation is when a cost is applied or assigned to a cost object based on a certain factor.Cost allocation is when a cost is applied or assigned to a cost object based on a certain factor. Cost object is anything for which you are trying to gather (accumulate) cost information.

What is the similarities and defference between cost accontant, management accountant and fanincial accountant?

Answer 2

Textbook Question

Chapter 12, Problem 1Q

1. What is a cost object? Identify four different cost objects in which an accountant would be interested.

Expert Solution & Answer

To determine

The cost object and the 4 different cost objects that the accountant will be interested.

Explanation of Solution

A thing for which one is planning to identify the cost is termed as cost object. The 4 different cost objects that the accountant will be interested in are as follows:

Products
Services
Activities
Departments

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Answer 3

Textbook Question

Chapter 12, Problem 1Q

1. What is a cost object? Identify four different cost objects in which an accountant would be interested.

Expert Solution & Answer

To determine

The cost object and the 4 different cost objects that the accountant will be interested.

Explanation of Solution

A thing for which one is planning to identify the cost is termed as cost object. The 4 different cost objects that the accountant will be interested in are as follows:

Products
Services
Activities
Departments

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Answer 4

Textbook Question

Chapter 12, Problem 1Q

1. What is a cost object? Identify four different cost objects in which an accountant would be interested.

Expert Solution & Answer

To determine

The cost object and the 4 different cost objects that the accountant will be interested.

Explanation of Solution

A thing for which one is planning to identify the cost is termed as cost object. The 4 different cost objects that the accountant will be interested in are as follows:

Products
Services
Activities
Departments

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Answer 5

Textbook Question

Answer 6

Textbook Question

Answer 7

Expert Solution & Answer

To determine

The cost object and the 4 different cost objects that the accountant will be interested.

Explanation of Solution

A thing for which one is planning to identify the cost is termed as cost object. The 4 different cost objects that the accountant will be interested in are as follows:

Products
Services
Activities
Departments

Answer 8

Expert Solution & Answer

To determine

The cost object and the 4 different cost objects that the accountant will be interested.

Explanation of Solution

A thing for which one is planning to identify the cost is termed as cost object. The 4 different cost objects that the accountant will be interested in are as follows:

Products
Services
Activities
Departments

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

To determine

The cost object and the 4 different cost objects that the accountant will be interested.

Answer 12

Explanation of Solution

A thing for which one is planning to identify the cost is termed as cost object. The 4 different cost objects that the accountant will be interested in are as follows:

Products
Services
Activities
Departments

Answer 13

Ch. 12 - 1.What is a cost object? Identify four different...Ch. 12 - Prob. 2Q Ch. 12 - 3.If the cost object is a manufactured product,...Ch. 12 - Prob. 4Q Ch. 12 - Prob. 5Q Ch. 12 - Prob. 6Q Ch. 12 - Prob. 7Q Ch. 12 - Prob. 8Q Ch. 12 - Prob. 9Q Ch. 12 - 10.Why are some manufacturing costs not directly...

1. What is a cost object? Identify four different cost objects in which an accountant would be interested.

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