1. Illustrate with an example of  what a cost object is to you.
 
2. Why should a management accountant understand a cost object?
3. How do manager decide whether a cost is a direct or indirect cost? Provide an example.
4. How do managers decide whether a cost is a variable or a fixed cost?
5. What do you understand by the term cost driver? Provide an example.
6. How should costs be estimated?
7. What are the differences in the accounting for inventoriable versus period costs?