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 benchmarking report also bestows Telemark Gold Awards in three pivotal areas of the survey's research: billing at cost centre, local language support and secure data transfer.
With our PTS services, we are able to transform customer technical support cost centres into profit centres.
It includes major and minor cost centres and departments with costing of individual calls and totals.