Cost center definition: any unit of activity, group of employees or machines, line of products, etc., isolated or arranged in order to allocate and assign costs more easily.. See examples of COST CENTER used in a sentence.
Definition of cost centre noun from the Oxford Advanced Learner's Dictionary cost centre noun /ˈkɒst sentə(r)/ /ˈkɔːst sentər/ (US English cost center) (business) a part of an organization to which costs may be charged; a part of an organization viewed as ...
Cost Center Definition: How It Works and Examples In the world of finance, understanding cost centers is crucial for effective budgeting and financial management. But what exactly is a cost center, and how does it work? In this blog post, we will dive deep into the concept of cost centers,...
Definition of Cost Center A cost center is often a department within a company. The manager and employees of a cost center are responsible for its costs but are not directly responsible for revenues or investment decisions. Examples of Cost Centers A manufacturer’s cost centers will often ...
Operation Cost Centre:The cost center will be considered as the operation cost center if itconsist of the persons or the machines that follows similar type of activities in the company. Process Cost Centre:The cost center will be considered as the production cost center if it deals with any ...
A cost center is a subunit of a company that is responsible only for its costs. A few examples of cost centers are: Production departments within a factory Service departments within a factory Administrative departments such as IT and accounting Definition of a Profit Center A profit center is ...
Cost Center: (a) the Terminal Cost Center shall pay one hundred percent (100%) of the capitalcosts ofsaid roadways; (b) thePort Cost Centershall pay one hundred percent (100%) of theO&M Expenses; and, (c) the Port Cost Center shall receive one hundred percent (100%) of the...
Define ACOST. ACOST synonyms, ACOST pronunciation, ACOST translation, English dictionary definition of ACOST. tr.v. ac·cost·ed , ac·cost·ing , ac·costs 1. To approach and speak to, especially aggressively or insistently, as with a demand or request.
Learn more about the Microsoft.ProjectServer.Client.PlanAssignmentPropertyNames.CostCenter in the Microsoft.ProjectServer.Client namespace.
On the other hand, an impersonal/machinery cost center isolates the costs of all non-employee costs. A company may be interested in only viewing the upfront cost, maintenance expenses, repair requirements, and other costs related to just the heavy machinery for a process. This type of cost c...