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Cost driver

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(Querist)
12 April 2014 what is the meaning of cost driver and cost object..??
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
12 April 2014 Cost driver is the part of cost of any activity which impact your final cost of the product.

Cost object is the object where we want to assign all the related costs. object can be a product, department, cost center, service etc.

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