Cost Object Driver - Definition

The best single quantitative measure of the frequency and intensity of demands placed on a Cost Object by other cost objects. In traditional costing the Cost Driver to allocate Indirect Cost to cost objects was Volume of output. With the change in business structures, technology and thereby cost structures it was found that the volume of output was not the only cost driver. Some examples of indirect costs and their drivers are: indirect costs for maintenance, with the possible driver of this cost being the number of machine hours; or, the indirect cost of handling raw-material cost



Terms near "Cost Object Driver"

Cost Pool
COU
Counter currency
Counterparty
Countervalue
Country Risk
Covariance
Cover on a bounce
Cover on Approach
Covered Call
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