Survey Of Accounting
Survey Of Accounting
4th Edition
ISBN: 9780077862374
Author: Edmonds, Thomas P.
Publisher: Mcgraw-hill Education,
bartleby

Concept explainers

bartleby

Videos

Textbook Question
Book Icon
Chapter 12, Problem 1Q

1.    What is a cost object? Identify four different cost objects in which an accountant would be interested.

Expert Solution & Answer
Check Mark
To determine

The cost object and the 4 different cost objects that the accountant will be interested.

Explanation of Solution

A thing for which one is planning to identify the cost is termed as cost object. The 4 different cost objects that the accountant will be interested in are as follows:

  • Products
  • Services
  • Activities
  • Departments

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
What was the cash flow to stockholders of the financial accounting?
Star Sports sells baseball equipment. On October 10, they shipped $5,600 worth of baseball gloves to Granite High School, terms 4/10, n/30. On October 18, they received an order from Eastwood Academy for $2,500 worth of custom-engraved bats to be produced in November. On October 28, Granite High School returned $520 of defective merchandise. Star Sports has received no payments from either school as of the month's end. What amount will be recognized as accounts receivable, net on the balance sheet as of October 31?
Help
Knowledge Booster
Background pattern image
Accounting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Text book image
Cornerstones of Cost Management (Cornerstones Ser...
Accounting
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Cengage Learning
Text book image
Principles of Accounting Volume 2
Accounting
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax College
Text book image
Principles of Cost Accounting
Accounting
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Cengage Learning
Cost Classifications - Managerial Accounting- Fixed Costs Variable Costs Direct & Indirect Costs; Author: Accounting Instruction, Help, & How To;https://www.youtube.com/watch?v=QQd1_gEF1yM;License: Standard Youtube License