What are Cost Objects? Discuss four examples of cost objects from'Real Life' features in 'Cost Classifications: different classifications for different purposes', 'Costs across the value chain'and the two features in'Product Costs'to explain why managers might be interested in knowing their costs

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Cost objects are items for which costs are accumulated and analyzed They are typically used in managerial accounting to track expenses associated with specific activities products departments or proje... View the full answer