Cost object

Cost object

A cost object is a tangible input for a product manufactured/Service provided, like labor or material. For example a cloth manufacturing firm requires some amount of predetermined labor and predetermined raw material for any amount of cloth being manufactured. The cost of employing labor can be directly fixed as "per man per hour" or "per man per day per hour per minute per annum", so the labor is a cost object as you can directly associate cost with it. Similarly the raw material like cotton or threads or fabric can be another cost object. Other examples may include services taken by another firm, for example a transportation company/ courier company can offer some service to all customers at a fixed rate. so the cost can be directly associated with it and the company/service can be then called as cost object.

Generally, cost object term is used for fixed Cost components of total cost otherwise any thing which is incurring some cost can be called as a cost object like an Advertisement.


Wikimedia Foundation. 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • 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… …   Accounting dictionary

  • 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… …   Big dictionary of business and management

  • cost unit — A unit of production for which the management of an organization wishes to collect the costs incurred. In some cases the cost unit may be the final item produced, for example a chair or a light bulb, but in other more complex products the cost… …   Accounting dictionary

  • cost unit — A unit of production for which the management of an organization wishes to collect the costs incurred. In some cases the cost unit may be the final item produced, for example a chair or a light bulb, but in other more complex products the cost… …   Big dictionary of business and management

  • Object Linking and Embedding — (OLE) is a technology developed by Microsoft that allows embedding and linking to documents and other objects. For developers, it brought OLE Control eXtension (OCX), a way to develop and use custom user interface elements. On a technical level,… …   Wikipedia

  • cost — [kôst, käst] vt. cost, costing [ME costen < OFr coster < ML costare < L constare, to stand together, stand at, cost < com , together + stare, to STAND] 1. a) to be obtained or obtainable for (a certain price); be priced at b) to cause …   English World dictionary

  • Объект учета затрат (COST OBJECT)  — Функция, организационное подразделение, контракт или другая рабочая единица, для которой требуется организовать ведение данных по затратам и накопление и измерение стоимости процессов, продукции, работ, капитальных проектов и т. п …   Словарь терминов по управленческому учету

  • Результирующий объект затрат (FINAL COST OBJECT)  — Объект учета затрат, на который отнесены и прямые, и косвенные затраты, в системе накопления затрат он является одной из конечных точек накопления …   Словарь терминов по управленческому учету

  • cost — I n. 1) to bear a cost; to pay costs; to spare no cost 2) to cut, reduce costs 3) to estimate; put, set a cost at (he put the cost at one hundred dollars) 4) court; direct; fixed; indirect; overhead costs (who will pay the court costs?) 5) a high …   Combinatory dictionary

  • Object pool pattern — For the article about a general pool see Pool (Computer science) In computer programming, an object pool is a software design pattern. An object pool is a set of initialised objects that are kept ready to use, rather than allocated and destroyed… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”