The Cost Center

1- I can explain what a cost center is.

2- I can describe the characteristics of a profit center.

3- I can talk about the differences between a cost center and a profit center.

1- The comptroller is the head of the accounting sector, which is why he is in charge of supervising all the accounting departments, whether it is Internal Audit, Costs, Finance, Systems and Taxes.

2- As you have seen, cost control allows you to know where each cost comes from, how it has been distributed in the production process and which ones could be acted on to improve the profitability of the business

1.SEGMENT

Business in crisis: when the segment is no longer profitable.

2.EXPENSES

That the expenses are linked to the economic activity developed

3.INCIDENCE

Customer can send a possible incidence about an order.

1. Everyone in the company must have a good control of costs.

2. Everywhere at home, the company must have good cost control.

3. Everyone does not know that costs are different from expenses.

1.Who do you think is in charge of costs in a company?

A cost center is the part of the business that generates costs without profit. A department that has a manager and a budget is a cost center. Cost centers help plan future costs to have a basis for comparison with actual costs.

2.Why do you think it is important to have cost control?

Cost control allows us to know where each cost comes from, how it has been distributed in the production process and which ones could be acted on to improve the profitability of the business.

1. Cost centers help plan future costs to have a basis for comparison with actual costs.

2.Cost control allows us to know where each cost comes from, how it has been distributed in the production process and which ones could be acted on to improve the profitability of the business.

1. A cost center is the part of the business that generates costs without profit. A department that has a manager and a budget is a cost center. Cost centers help plan future costs to have a basis for comparison with actual costs.

2. Good cost management is one of the most important aspects within companies, to make good decisions, obtain a quality product or service, spending as little money as possible, offer reasonable prices to our customers, improve against the competition, and To obtain greater profitability and income, it is essential for every company to have control of costs.

1. The administration and the manager are in charge of the company's costs since the variable of the products can decrease or increase over time depending on the needs of the company.

2.Good cost management is one of the most important aspects within companies, to make good decisions, obtain a quality product or service, spending as little money as possible, offer reasonable prices to our customers, improve against the competition, and To obtain greater profitability and income, it is essential for every company to have control of costs.

1.The administration and management of the company.

2.Cost control allows us to know where each cost comes from, how it has been distributed in the production process and in which actions could be taken to improve the profitability of the busines.

1. Who do you think is in charge of costs in a company? The costs of a company are borne directly by the administration and management of the company. They can increase or decrease over time depending on the needs of the company.

2. Why do you think it is important to have cost control? Is important to have control of costs because they allow the implementation of management systems, which contribute to making decisions regarding the optimization of the results obtained from the operation of the company.

1. Who do you think is in charge of costs in a company?

A cost center is the part of the business that generates costs without profit. A department that has a manager and a budget is a cost center. Cost centers help plan future costs for a basis for comparison with actual costs.

2. Why do you think it is important to have cost control?

As you have seen, cost control allows you to know where each cost comes from, how it has been distributed in the production process and which ones could be acted on to improve the profitability of the business.

A cost center is the part of the business that generates costs without profit. A department that has a manager and a budget is a cost center. Cost centers help plan future costs to have a basis for comparison with actual costs.

Cost control allows us to know where each cost comes from, how it has been distributed in the production process and which ones could be acted on to improve the profitability of the business.

1. The administration and management of the company are in charge of the costs of a company.

2. because it allows us to know where each cost comes from, how it has been distributed in the production process and which ones could act to improve the profitability of the business.

A cost center is the part of the business that generates costs without profit. A department that has a manager and a budget is a cost center. Cost centers help plan future costs to have a basis for comparison with actual costs.

It allows us to know where each cost comes from, how it has been distributed in the production process and which ones could act to improve the profitability of the business.

1. Who do you think is in charge of costs in a company?

public accountant and administrator

the auditor and accountant of the company

2. Why do you think it is important to have cost control?

to know how much money comes out, what are the company's assets

1. Works because of the decentralization within operations.

2.Everybody thinks that cost centers and profit centers are the same but there is something different that is not visible everywhere.

3.Additionally, the selection of cost centers depends on the organization

1.Everybody thinks that cost centers and profit centers are the same but there is something different that is not visible everywhere.

2.I can explain what a cost center is.

3.I can describe the characteristics of a profit center.

1.Administrative Cost Center: they exercise the function related to the direction and control of general operations in the company, such as, for example, in general management, planning sub-management, among others.

2.Cost control allows us to know where each cost comes from, how it has been distributed in the production process and which ones could be acted on to improve the profitability of the business.

1. sub-unit:

The new sub-unit would also be responsible for bank reconciliation.

2. segment:

While the segment of domestic licenses is very small.

3. foreman:

The foreman lives in a house on a hill overlooking the ranch.

4. expenses:

The company will cover any travel expenses incurred by interviewees.

5.

cost collection:

6. Incidence:

Incidence of this sign in our study is low.

1. Segment:Today they are the fastest growing segment of the business.

2. Expenses: The company will cover any travel expenses incurred by interviewees.

3.The foreman got up and read the verdict.

1. Expenses: money someone pays for something

2.Incidence: the level of influence and impact over something

3.foreman: the person in charge of something

He had never let a foreman see him slacking. He visited the dairy daily, but left the business details to his foreman.

We can't afford the expense of staying in a hotel for a whole week

The cost of a purchase or replacement

SUB UNIT

FOREMAN

CLEAR

EQUIPMENT

ANYTHING

Business in crisis: when the segment is no longer profitable.

 Everywhere at home, the company must have good cost control.

Higher profitability in a single cost center does not necessarily lead to higher profits.

You can not rely on retiring early if you only have one profit center.

1. It means that in cost centers there are sub-units that form the whole unit.

2. Everyone usually uses profit centers to disclose the profit of a particular activity, everything regarding the relationship among revenue - expenses – profits.

3. Additionally, the selection of cost centers depends on the organization, incidence, requirements availability and management of the costs.

1.Cost centers help plan future costs to have a basis for comparison with actual costs.

2. Cost control allows us to know where each cost comes from, how it has been distributed in the production process and which ones could be acted on to improve the profitability of the business.

1.The accountant is the one who is in charge of the company's costs because they can analyze how much merchandise entered and how much left the inventory.

2.Because in the financial statement we can analyze how the operation of the company was carried out taking into account the state of equity with all other elements

1. They are the archivists, and their job of filing work is assigned by the secretaries, who tell them in which sector such a thing goes, and the degree of importance.

2. Cost accounting makes it possible to appreciate the results of business management. It is necessary for companies to know the real cost of their production system so that they can make decisions that are more in line with the reality of the business.