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Which of the following elements can be placed into a table cell like the ones shown in the accompanying figure?
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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