cost code

cost code

a series of alphabetical or numerical symbols each of which represents a particular labour, material or overhead cost item. Cost codes facilitate the classification and recording of costs for cost control purposes.
References in periodicals archive ?
A detailed Schedule of Values should: track the project to date and forecast the project to date, include billings to date, paid to date, unpaid balance by period, percentage complete, remaining balance, original contract balance, and changes to the contract balance, by period and more, and be standardized by cost code (consider Associated General Contractors CSI Codes) while also fluid to accommodate changes or amendments.
For a specific example, in the past, we didn't have a cost code to track the money we were spending on data centers; we have one now.
An internal investigation by the hospital found she had quoted the cost code and the relevant manager's name to authorise the booking every time she had ordered one.
There are a range of security products available from multiple vendors, however the critical component of security is often that it's 'affordable'; protection is a difficult cost code to justify, given that when things are working properly nothing happens so there is no immediate visible benefit.
In fact, in most organisations, IT doesn't even have a cost code.
Let Mn[subset]M be the information matrix for n trees in a given circuit encoding: the tree ID, the cost code, the species code and the Di, which is the open subset of M.
Pacific Timesheet's industry-leading SaaS integration toolsets make its construction and field services solutions complete, allowing customers to integrate time and work data and synchronize employee, job, cost code, assignment and other key data with SAP, Peoplesoft, JD Edwards, and more than 250 payroll, accounting and human resources systems.
Because all cost information can be identified by either cost code or activity, a meaningful one-to-one comparison is possible.
Plumbing may be cost code 6419; any time a staff member buys a faucet, flapper or aerator, the expense is tracked using that cost code.
It would be fundamentally sound to say that if the he or she knew how the job costs were spread among as many as 20 to 30 different cost code centers and how those cost code centers were affected by the else of job-related common denominators, the estimator/bidder then will be able to analyze those cost and production rates at the completion of each project.
The clinical pharmacist devised a cost code based on the contract prices of each drug we carried (Figure I).