Common Costs Definition | Becker
Accounting Dictionary
Common Costs
A common cost is a cost that is incurred to support a number of cost objects but that cannot be traced to them individually. Common costs are allocated to the cost objects on some basis. A common cost is a particular type of indirect cost. See also cost object and indirect costs and joint costs.
Related Terms:
Cost Object [BAR]Indirect Costs [BAR]Joint Costs [BAR]Back to Dictionary