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cost center

any unit of activity, group of employees or machines, line of products, etc., isolated or arranged in order to allocate and assign costs more easily. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for cost center
  • The labor cost is determined by multiplying the time spent at each operation by the charge rate for that cost center.
  • Fuel prices weren't the only rising cost center for the company.
  • Even in prosperous times, many administrations have treated the faculty chiefly as a cost center.
  • In fact, the legacy network of copper wires they service is rapidly turning into a cost center rather than a source of profits.
  • The individual is a cost center rather than a performance center.
  • Do not run this report without your agencies cost center number.
  • The fifth and sixth digit should be used to record inventories by cost center.
  • Provide a reconciliation of insurance charged to each cost center.
  • Monitors execution of the budget to insure cost center managers do not exceed allocations.
  • It is possible for one cost center to go up or down independent of the other.

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