} } Cost center | Define Cost center at Dictionary.com

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cost center

noun
1.
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.
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples 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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