A dual dispensing mode cosmetic compact for use with a cosmetic powder puff, cosmetic applicator sponge, or cosmetic brush, has a base member with an annular lip, a well to hold a cake of cosmetic material, and a closure lid receivable onto the base member. A scraper member located adjacent the well is engageable with the upper surface of the cosmetic cake. Finger-engageable structures adjacent to the well are turnable thereon, and there is a driving connection between the finger-engageable structures and the scraper member, which effects corresponding turning movement of the latter during turning of the finger-engageable structures. In one mode, the scraper member shaves off limited quantities of the upper surface of the cosmetic cake to produce controlled amounts of dust-like cosmetic powder particulates therefrom. In another mode, the scraper member is shifted by the user, to a second position remote from and outside of the annular lip. This second position fully exposes the upper surface of the cosmetic cake and enables direct access to the cake surface by a cosmetic powder puff, cosmetic applicator sponge, or cosmetic brush.