cost object

A Dictionary of Business and Management | 2006 | 563 words | Copyright

cost object Any item for which a separate measurement of costs is desired. This may be a product, a service, a customer, or a specific operation associated with any of these (e.g., designing a new product, processing a mortgage application, making a telephone call to a customer). The number of cost objects identified and the frequency of measuring the costs will vary between organizations; a product cost will normally be calculated on a weekly or monthly basis, whereas the cost of processing a mortgage application may only be calculated on an annual basis.

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"cost object." A Dictionary of Business and Management. 2006. Encyclopedia.com. 28 May. 2012 <http://www.encyclopedia.com>.

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