cost centre

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cost centre

a group of machines, a factory department or some other organizational sub-unit of a firm under the control of a manager, for which costs can be ascertained and used for purposes of COST CONTROL. See STANDARD COST, PROFIT CENTRE, REVENUE CENTRE.

cost centre

an organizational subunit of a firm that is given responsibility for minimizing COSTS but has no control over its product pricing and revenues. Cost centres facilitate management control by helping to ascertain a unit's operating costs. See PROFIT CENTRE, INVESTMENT CENTRE.
References in periodicals archive ?
The next part of the formula is a cell reference to the cost center in cell A4.
The modalities of differentiating are significant influenced by Secondary Cost Centers, IT services influence product or service differentiation and at the same time personnel and image differentiation is determined by HR areas.
That document automatically posts to the general ledger and updates cost center accounting information, so individuals can produce cost center reports at any time.
What general ledger account and cost center could the fraud be charged to?
It tracks labor, materials, inventory, and work orders - all by user-defined cost centers.
This allows Commander Budget to support all business users involved with corporate budgeting and forecasting -- from senior executives to cost center supervisors -- and provides top-down control and consistency without sacrificing bottom-up flexibility and empowerment.
The PcardSystem(TM) is a best in class, robust application that automates the entire manual paper-based process of managing and reconciling purchase card charges through the entire life cycle from order entry, to order approval, to merchandise ordering, to order verification, and allocation of purchase card charges to appropriate cost center accounts.
Even the German firms with hundreds or even thousands of cost centers don't necessarily segment fixed and variable costs within each cost center.
When applying this ratio remember to include total recoveries from multiple cost centers.
As a result, business users can now create dynamic Excel reports, which automatically adapt to changes -- such as new cost centers -- in source systems.