Cost Object

A cost object is any activity for which a separate measurement of cost is desired. 

Cost Unit

It is a unit of measurement of costs for the cost object at a given situation 

Types of Organization 

Noodle Company is measured in   Cartoons

Hospital is in Number of Patients

College is in Credit Hours

Bank is in Teller hours

Transportation etc is in KM

Machine department is in Direct machine hours

Repair Workshop is in Direct repair hours