To monitor,and make accountable, the management team for that Cost/Profit/Investment center.
Cost center is a non-revenue producing element of an organization where costs are separately figured and allocated and for which someone is held personally responsible. And a revenue center is distinctly identifiable place, department or unit that directly generates the revenue through sales of good or services.
responsibility center managers, who in turn, distribute the funds to cost center managers.
Shadow cost centers provide detailed reports for cost center departments, division, and extensions.Shadow cost centers provide detailed reports for cost center departments, division, and extensions.Exist as budgets on paper only. For example, rent and utilities and depreciation of plant and equipment are large-budget items for any organization.
cost center
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Production cost centerpersonal cost centerservice cost centeroperation cost centerimpersonal cost centerprocess cost center
Explain cost center in the context of cost accounting
Give me an example of a cost center, a profit center, and an investment center for FedEx?
cost centre
mobile could be a cost center
To monitor,and make accountable, the management team for that Cost/Profit/Investment center.
cost center investment center profit center revenue center
Japtj
A cost center is part of an organization that does not produce direct profit and adds to the cost of running a company. It is an organizational department.
Cost center is the unit of quantity of product. Yes, it does relate to cost units. Without cost center, you could not determine if you had enough money to purchase units.