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Object cost - PowerPoint PPT Presentation

An Introduction to Cost Terms and Purposes

An Introduction to Cost Terms and Purposes. Chapter 2. Define and illustrate a cost object. Learning Objective 1. Cost and Cost Terminology. Cost is a resource sacrificed or forgone to achieve a specific objective. An actual cost is the cost incurred (a historical cost)

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Object cost - PowerPoint PPT Presentation

An Introduction to Cost Terms and Purposes