Lesson plan

Cost object

A cost object is a term used primarily in cost accounting to describe something to which costs are assigned. Common examples of cost objects are product lines, geographic territories, customers, departments or anything else for which management would like to quantify cost. The use of cost objects is common within activity based costing and Grenzplankostenrechnung systems.

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Article summary

A cost object is a term used primarily in cost accounting to describe something to which costs are assigned. Common examples of cost objects are product lines, geographic territories, customers, departments or anything else for which management would like to quantify cost. The use of cost objects is common within activity based costing and Grenzplankostenrechnung systems.

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Discussion questions

  1. Summarise the article in your own words. Which single claim would you verify first, and why?
  2. Which claim in this article is most likely to be revised as the sources update? How would you check its current status?
  3. If two sources disagreed about one of these facts, what would you need in order to trust one over the other?

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Key claims and bibliography are generated from the same tracked claims and sources as the article page.