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What Are Cost Centers? What Responsibilities Does the Manager of a Cost

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What are cost centers? What responsibilities does the manager of a cost center have? And at what level on an organization chart are you most likely to find cost centers?


Definitions:

Earrings

Jewelry designed to be worn on the ears, available in various styles and materials.

Variable Input

An input whose quantity varies with production levels, affecting cost and output.

Marginal Cost

The added cost of producing one additional unit of a product or service.

Labor Costs

The total amount of money businesses have to pay to their employees for work done, including wages, salaries, and benefits.

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