Cost Terms

2. Average cost per unit of a product or service
6. Costs that are incurred and expensed in the current accounting period
8. Any object such as a product, machine, service, or process for which cost information is accumulated
10. Costs for helping and addressing customer inquiries and needs
13. Costs for making or creating goods or services
14. Costs for creating and improving products or processes
16. Costs used for planning and conceptualizing products, services, or processes
17. A resource sacrificed or foregone to achieve a specific objective usually measured as a monetary amount paid

1. Costs for storing, transporting, and delivering products
3. Cost that changes in total in proportion to changes in output within a relevant range
4. Cost that cannot be traced to a cost object in a cost-effective way
5. Systematically links an actual cost pool to a distinct cost object
7. Costs for promoting and advertising to attract customers
9. Collection of cost data in an organized way
11. Cost that changes on a per unit basis as level of activity or volume changes
12. Cost that can be traced to a cost object in a cost-effective way
13. Sum of costs assigned to a product for a specific purpose
15. Overall expenses incurred by a company in producing goods or providing services