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Define cost object and give three examples. Question content area bottom Part 1 A. A cost object is a resource sacrificed or forgone to achieve
Define cost object and give three examples. Question content area bottom Part 1 A. A cost object is a resource sacrificed or forgone to achieve a specific objective. Examples include direct materials, direct labor, and advertising. B. A cost object is anything for which a separate measurement of costs is desired. Examples include a product, a service, and a customer. C. A cost object is the collection of cost data in some organized way by means of an accounting system. Examples include accumulated costs, overhead, and direct labor. D. A cost object is a cost incurred (historical or past cost), as distinguished from a budgeted cost, which is a predicted or forecasted cost (a future cost). Examples include materials, labor
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