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.
Because cost center practices are a very significant part of GPK, the IMA studies provide a basis for describing common cost center practices in Germany.
Likewise, cost is more likely to serve as an indicator of the results of decisions made by a cost center manager.
Using a compiler flag, the programmer can annotate every top-level function definition with an eponymous cost center, without altering the source code itself.
A similar analysis is performed for each cost center.
assistant vice president, cost center manager for the Pittsburgh Surface Transportation Group.
We'll now discuss RCA practices in detail, including variable costing, contribution accounting, replacement cost depreciation, and using capacity to compute internal cost center rates.
Tracking costs to specific cost centers can best be accomplished when a long-term care facility's chart of accounts identifies costs by specific cost center designations.
This example assumes the manufacturing department that makes this product is a cost center to which a cost savings goal has been assigned of, say, $150,000, or 30% of the actual cost of $500,000 in the previous period.