Q322
Material or anything for which cost is to be measured is known as
A.
measurement object
B.
cost object
AnswerC.
accounting object
D.
budget object
Answer: Option B
Solution
Answer: Option B
Solution:
Material or anything for which cost is to be measured is known as cost object. A cost object is any item for which costs are being separately measured. It is a key concept used in managing the costs of a business.