Cost Object: Definition & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

An item a company wishes to measure separately is what?

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1. Which one is not a cost object?

2. When a company wants to know how much money they are spending on supplies and resources, what type of cost object are they using?

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About This Quiz & Worksheet

The quiz and worksheet will gauge your understanding of cost objects. Certain topics you'll need to know include an item companies measure separately and identifying a cost object from a list.

Quiz & Worksheet Goals

Use these tools to measure the following:

  • How a company measures their expenses on supplies and resources
  • The cost object that focuses on operational processes
  • Which type of cost object calculates costs which occur outside of the company

Skills Practiced

This quiz and worksheet will address the following:

  • Reading comprehension - ensure that you draw the most important information from the related lesson on cost objects
  • Interpreting information - verify that you can read information regarding operational processes in a firm and interpret it correctly
  • Information recall - access the knowledge you've gained regarding a company's costs

Additional Learning

Looking for more knowledge about cost objects? Then read this lesson which is called Cost Object: Definition & Examples. The lesson covers the following:

  • Understand different types of cost objects
  • Recognize different costs and how they relate to each other
  • Be able to realize how a business documents these costs
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