Cost center definition

Cost center means a cost category delineated by cost reporting forms prescribed by the office.

Cost center means a division, department, or subdivision thereof, group of services or employees or both, or any unit or type of activity into which functions of a facility are divided for purposes of cost assignment and allocations.

Cost center means the following:

Examples of Cost center in a sentence

• Payment for overtime hours worked in lieu of accrual of compensatory time may also be authorized for other reasons as determined by the appropriate Cost Center Manager.

• INVOICE TO CONFIRM TO Freight Terms Ship Via Freight Carrier Payment Terms NET 30 Shipping Terms Item Qty Unit Due Date Item No./Service Code Cost Center Account Code Vendor’s Item No. Description Specifications Receive To ID Unit Cost $ Total Cost $ 1 2 Subtotal Tax Charge Shipping Misc.

• To the extent the Port is able to recoup all or some of its expenditures from insurance proceeds, such amounts shall be refunded to the appropriate Cost Center.

• Cost Center shall include all Investment Service (allocated by its proportional share of Recognized Net Investment) and all direct, indirect and general administrative O&M Expenditures for all land on the Airport that is not at the time useful for Airport purposes, but is expected to be needed in the future for Airport purposes, as its boundaries are adjusted from time to time.

• When land in the Land Bank Cost Center becomes useful for Airport purposes other than land bank, it will be transferred out of the Land Bank Cost Center and into an appropriate Cost and Revenue Center.

More Definitions of Cost center

Cost center means those areas or functional activities of the Airport used for the purposes of accounting for Revenues, Operation and Maintenance Expenses, Debt Service, Non-amortized Capital Expenditures and Amortization and for calculating and adjusting certain fees and charges described herein, as they now exist or may hereafter be modified, changed, or developed.

Cost center means a grouping of revenues and expenses based on a similar purpose;

Cost center means an identifiable depart- ment or area (including research) within the hospital which has been assigned an account number in the hospital accounting system for the purpose of accumulating expense by department or area.

Cost center means an expense classification, which identifies the salary, non- salary and depreciation expenses of a specific department or function. In addition, cost centers may be established to identify specific categories of expense such as interest, malpractice, leases, building and building equipment depreciation;

Cost center means the financial accounting number used for the purposes of payroll expenses and equipment purchases. “Bid on” means request. Addendum B

Cost center means a department or other unit within an organization to which costs may be charged for accounting purposes.

Cost center means a grouping of services that are similar in time, intensity, and function, and whose average unit cost is generally the same.