Managerial Accounting
Managerial Accounting
1st Edition
ISBN: 9780137024872
Author: Datar, Srikant M./
Publisher: Pearson College Div
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Chapter 2, Problem 1Q
To determine

Describe cost object and provide three examples.

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Explanation of Solution

Cost object: The corporation uses the cost object for estimating and measuring the cost of the item for the accomplishment of various objectives. The item for which the cost that is incurred is estimated is known as cost object.

The following are the three examples of cost object:

  • Product.
  • A Service.
  • A brand category.

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Cost Classifications - Managerial Accounting- Fixed Costs Variable Costs Direct & Indirect Costs; Author: Accounting Instruction, Help, & How To;https://www.youtube.com/watch?v=QQd1_gEF1yM;License: Standard Youtube License