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A cost centre is a department within a business to which costs can be allocated. The term includes departments which do not produce directly but they incur costs to the business, [1] when the manager and employees of the cost centre are not accountable for the profitability and investment decisions of the business but they are responsible for some of its costs.
Cost allocation is a process of providing relief to shared service organization's cost centers that provide a product or service. In turn, ...
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Labor costs are direct costs, that is, they can be identified among the total cost and assigned to a certain cost objective. [1] Labor costs are defined by categories (e.g. service labor or manufacturing labor), the attribution of a labor rate for each category, and a certain number of labor hours. [1]
A cost object is a term used primarily in cost accounting to describe something to which costs are assigned. [1] Common examples of cost objects are product lines, geographic territories, customers, departments or anything else for which management would like to quantify cost.
This category has the following 3 subcategories, out of 3 total. C. Cash flow (25 P) Costs (2 C, 99 P) W. ... Cost analyst; Cost auditing; Cost centre (business)
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Cost center may also refer to: Cost Sports Center , the indoor athletic facility often referred to by the same name Cost centre (business) , the part of an organization that does not produce direct profit and adds to the cost of running a company