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Libertarians would find it immoral and unjust to coerce people to give food or money to the starving.
Cost Object
Anything for which cost data are desired. Examples of cost objects are products, customers, geographic regions, and parts of the organization such as departments or divisions.
Indirect Cost
Costs that are not directly traceable to a specific product, project, or activity, such as utilities, rent, and administrative expenses.
Direct Cost
A cost that can be easily and conveniently traced to a specified cost object.
Prime Cost
Direct materials cost plus direct labor cost.
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