A cost object is the item for which managers want cost information, so the first step is to determine appropriate cost objects.

Name: A cost object is the item for which managers want cost information, so the first step is to determine appropriate cost objects.
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Determining appropriate cost objects is the first step in cost management, as cost information needs to be assigned to a specific item or activity in order to be useful for decision-making.

A Cost Object Is the Item for Which Managers Want