cost centre

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cost centre

n
(Accounting & Book-keeping) a unit, such as a department of a company, to which costs may be allocated for cost accounting purposes
Translations
Kostenstelle

cost centre

n (also costing centre) → centro di costo
References in periodicals archive ?
Budd, Blaufuss and Haranda (1988) described a revenue center from a nursing department's perspective, stating that variable billing made the nursing department a revenue center rather than a cost center.
Traditionally, however, in-house legal departments have not invested in building the skills, processes, and tools to support this evolution from a cost center into a true driver of business value for the enterprise.
The complicating factor here is the variable-size nature of each cost center's worksheet.
In the battle between cost centers and profit centers, guess who wins?
To calculate the overhead costs, considering this fact that all the costs falls down in this category except the direct materials and direct labor costs, firstly all the costs were categorized based on the actual data existing in hospital's records and documents and then the cost related to each cost center of the hospital in 2011 was calculated and then was allocated to different activities based on logical basics.
The purpose of the cost center performance plan is to depict the county's cost center structure for each department and describe the funding (including the general fund contribution amount), staffing levels, and performance measures.
In the context of this cost center, the activity cost driver "number of orders processed" assumes that every order is the same and does not allow for capturing potential cost differences that can occur from order to order (orders requiring special handling, domestic orders, international orders, UPS shipment, customer pickup, etc.).
The primary cost center play a crucial role not only by measuring the performance, but firstly by determining the costs of the product or service, and evaluating in what manner these can be minimized, in order to gain the market segment with the lowest product or service possible (Garrison, 2008).
This section is followed by a section that describes differences between cost center practices common in Germany and cost center practices common in the United States.
Culture may be associated with the specific practices implemented as part of a profit center or cost center. Therefore, considering the culture of countries in which a company candidate operates may be important in identifying an appropriate benchmark.
Without this optional reporting method, the total expenses of the first cost center would be allocated to the other functions, and might include an allocation of part of these expenses to another cost center.