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  3. .can be specifically and exclusively identified wi

.can be specifically and exclusively identified with a given cost object Sunk Cost O Period...

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Accounting

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.can be specifically and exclusively identified with a given cost object Sunk Cost O Period Costs Relevant Costs Indirect costs O Product Costs O Opportunity Cost Direct Costs Cost Object cannot be identified specifically and exclusively with a given cost object. For example, the wages of all employees whose time cannot be identified with a specific product in a manufacturing organization Indirect costs Period Costs Sunk Cost Opportunity cost o o o o o Product Costs Relevant Costs Direct Costs Cost Object .Allocation bases that are not significant determinants of the costs Cost center O Allocation bases O Arbitrary allocations Simplistic system o This cost depends directly on the level of production or activities. It increases as the production or activities increase and decreases as the level of production of activities decrease Opportunity Cost Direct Costs Product Costs Variable Cost Indirect Costs @ Relevant costs Sunk Cost 5 Period Costs The process of assigning costs to cost objects that involve the use of a surrogate, rather than direct measures Period Costs O Relevant Costs O Opportunity Cost Product Costs Sunk Cost Cost Object o Cost Allocation Indirect costs

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