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 ?
Cost center supplying office and PC supplies - contract extension with the 3 current contractors by 1 year.
Assuming that your Total worksheet has a column that shows CC 1020 in column A, you need to concatenate two literal values with the cost center in between.
Primary Cost Centers are cost centers that provide output directly consumed by a saleable product or service is considered to be a primary cost center, related to the service or manufacturing process.
For example, DeutscheTelekom has approximately 120,000 people divided among 40,000 cost centers (Paul A.
Once the standard cost centers are established, the amounts posted to those cost centers on individual projects would be related to specific common denominators.
The kind of benchmarking that will have the greatest impact on physician practices is not based on financial retrospectives of cost centers or cost-per-case numbers.
As managers of other departments saw the real-time information R/3 could provide regarding their respective cost centers, they became enthusiastic, Stanton says.
A unique feature of our approach is that we give a formal specification of the attribution of execution costs to cost centers.
How could the thief deceive the manager in charge of those cost centers when the monthend reports are reviewed?
Competition Budgeting replaces profit centers with cost centers, while maintaining a specific revenue source for each cost center.