Question 67 of 85
Q.What is a cost centre?
ChseodishaCHSE Odisha Plus Two (Class 12) Commerce Board 2023Subjective· 2mImportance★★★★★est
79% · 67/85 Questions
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Start your 14-day free trial to unlock the full solution →Cost centre = a unit (place/person/equipment) for which cost is gathered and controlled.
A cost centre is defined as a location, person or item of equipment (or a group of these) in or connected with an undertaking, in relation to which costs may be ascertained and used for the purpose of cost control.
- Types: personal cost centre (a person, e.g. a foreman/salesman) and impersonal cost centre (a location or equipment, e.g. a department or a machine); also production and service cost centres. …
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