Questions: Cost objects include: customers. anything for which revenue data is desired. anything for which cost data is desired. departments.

Cost objects include: customers. anything for which revenue data is desired. anything for which cost data is desired. departments.
Transcript text: Cost objects include: customers. anything for which revenue data is desired. anything for which cost data is desired. departments.
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Solution

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The answer is: anything for which cost data is desired.

Explanation for each option:

  1. Customers: While customers can be considered cost objects in some contexts, they are not the only type of cost object. Cost objects are broader and can include more than just customers.

  2. Anything for which revenue data is desired: This is incorrect because cost objects specifically refer to items for which cost data is desired, not revenue data. Revenue data pertains to income, whereas cost data pertains to expenses.

  3. Anything for which cost data is desired: This is the correct answer. A cost object is any item for which a company wants to separately measure costs. This can include products, services, projects, departments, or any other segment of the business.

  4. Departments: Similar to customers, departments can be considered cost objects, but they are just one example. The definition of cost objects is broader and includes anything for which cost data is desired.

Summary: Cost objects are defined as anything for which cost data is desired. This can include a wide range of items such as products, services, projects, customers, and departments.

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