Anything for which a separate measurement of costs is desired is known as

Question 1 options:

	a fixed cost item.
	a cost driver.
	a cost item.
	a cost object.
	a variable cost object.

Question 2 (1 point)

 

Which of the following is a cost object?

Question 2 options:

	customers
	cost assignments
	direct materials
	conversion costs
	indirect labour

Question 3 (1 point)

 

Which of the following is an indirect production cost?

Question 3 options:

	cost of shipping a product to the customer
	calibrating factory equipment
	labour placed into production
	materials placed into production
	advertising

Question 4 (1 point)

 

Actual costs are defined as

Question 4 options:

	sunk costs.
	indirect costs.
	predicted costs.
	costs incurred.
	direct costs.

Question 5 (1 point)

 

Whether a company traces costs directly to an output unit or not depends upon

Question 5 options:

	the employment of cost management.
	the materiality of the contribution a cost makes to the total cost per output unit.
	the effect of cost tracing on overhead.
	the amount of similar costs in the cost assignment.
	the amount of customer satisfaction.