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 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, and overhead. C. A cost object is anything for which a separate measurement of costs is desired. Examples include a product, a service, and a customer. D. None of the above.

Question

Business

Zara Watson

11 September, 10:58

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 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, and overhead. C. A cost object is anything for which a separate measurement of costs is desired. Examples include a product, a service, and a customer. D. None of the above.

+2

Answers (1)

Know the Answer?

Calderon · Answer 1

C. A cost object is anything for which a separate measurement of costs is desired. Examples include a product, a service, and a customer.

Explanation:

The objective of the cost is to assigned the cost or to brief something that could be in terms of direct material cost, direct labor cost, manufacturing overhead cost, etc

Moreover it also have a distinct measurement which includes like product, service, customer as each one has separate measurement but they are linked to each other

Hence, the correct option is c.