cost object

  

Definition

Accounting data item (contract, customer, function, product, project, subdivision, etc.) for which a separate cost measurement is recorded.

Use cost object in a sentence

  • The analysis report broke down the entire project cost by cost object to show the client exactly what they were paying for.

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  • You need to understand how the cost object will rate to the market as a whole and continually adapt with it.

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  • The cost object existed because we needed to view our business from every angle possible to ensure nothing was missed.

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