Use of the cost object in practice: Cost object can be anything, what the organization needs to monitor in terms of costs. Most cost objects are the main products, i.e. goods, services, specific product lines, organizational units, branches, strategic business units, regions, etc. Direct and indirect costs are then monitored to the cost object.
What is Cost ObjectCost object is the concept of management accounting (controlling). It represents the object to which the organization monitors the costs.
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Last update: 16.03.2016