cost center


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cost center

a department, division, or other subunit of an institution established within its accounting system so that the income and expenses of the subunit can be separated from the income or expenses of other centers and monitored for cost and benefit.
References in periodicals archive ?
The cost center performance plan follows the same organizational layout as the county's operating plan, with departments organized by functional area.
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.
Also, 46% of the German firms use available capacity rather than normal volume when computing internal cost center rates, but only 18% in the U.
The specific problem can be identified through defect analysis and corrected at the point of origin, but it's important to note that each cost center generates its own direct and indirect costs.
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.
The collection of items in the central post office of the city administration, : - The collection of all programs by cost center (currently 125) and mission types including daily message to the client in electronic and written form, : - Weighing and franking or clearing of consignments and the application of the slogans of Potsdam, : - The safe transport and reliable delivery of consignments by qualified and trained personnel, : - The address search and free second delivery, : - The return of all receipts to the central post office of the city administration, : - The return of undeliverable items to the central post office of the city administration, : - The collection of incoming mail to the mailbox and the transport to the central post office of the city administration (Lot 1 only).
GPK consists of four important elements: cost-type accounting, cost center accounting, product cost accounting, and contribution margin accounting for profitability analysis.
It functioned as a traditional treasury -- that is, as a cost center with little day-to-day interaction with other corporate areas.
What enterprises are now starting to ask themselves is how to turn the cost center into one that can deliver profit.