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

Question 1 options:

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

Question 2 (1 point)

 

Which of the following is a cost object?

Question 2 options:

	customers
	direct materials
	cost assignments
	indirect labour
	conversion costs

Question 3 (1 point)

 

Which of the following is an indirect production cost?

Question 3 options:

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

Question 4 (1 point)

 

Actual costs are defined as

Question 4 options:

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

Question 5 (1 point)

 

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

Question 5 options:

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