Asked by
Evann Hauser
on Nov 13, 2024Verified
Direct costs can be specifically traced to a cost object.
Direct Costs
Costs that can be traced directly to a cost object.
Cost Object
Anything for which a separate measurement of cost is desired, including products, services, projects, or customers.
- Discern between several cost concepts, focusing on the comparison between product costs and period costs, as well as between direct and indirect costs.
Verified Answer
JN
Learning Objectives
- Discern between several cost concepts, focusing on the comparison between product costs and period costs, as well as between direct and indirect costs.