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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, the associated expense is assigned to internal clients' cost centers that consume the products and services. For example, the CIO may provide all IT services within the company and assign the costs back to ...
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
A responsibility center is an organizational unit headed by a manager, who is responsible for its activities and results. [1] In responsibility accounting, revenues and cost information are collected and reported on by responsibility centers. [2] Typical examples of responsibility centers are the profit center, [3] cost center and the ...
With only 27 Costco Business Centers in the U.S., you may not have been to one. Here’s what you need to know about them, including some answers to frequently asked questions.
Peter Drucker originally coined the term profit center around 1945. He later recanted, calling it "One of the biggest mistakes I have made". He later asserted that there are only cost centers within a business, and “the only profit center is a customer whose cheque hasn’t bounced”. [1]
The two main groups that have lobbied in favor of anti-porn laws at the state level, according to legal observers – Vought’s organization, the Center for Renewing America, and the faith-based ...
Every year, celebrities try to capitalize on the holiday season by releasing festive music. Singers like Mariah Carey, Ariana Grande, and Michael Bublé managed to perfect the cheesy art form ...