cost center
Definition 1
Defined geographical area, machine, or person to whom direct and indirect costs are allocated.
Definition 2
Distinctly identifiable department, division, or unit of firm whose managers are responsible for its all associated costs and for ensuring adherence to its cost-budgets. Also called cost pool. See also profit center and revenue center.
cost center is in the Accounting & Auditing and Entrepreneurship, Management, & Leadership subjects.
cost center appears in the definitions of the following terms:
cost pool,
cost ledger,
line item budget,
direct cost,
single allocation base approach,
expense center,
indirect cost,
profit center,
absorption costing,
revenue center
and
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