Answers

Question and Answer:

  Home  ICWA

⟩ List the types of cost centers?

Types of cost centers:

★ Impersonal cost center - consists of location or item of equipment. Example-department, branch etc.

★ Personal cost center - consists of a person or a group of persons. Example - finance manager, sales manager etc.

★ Production cost center - is the one where the production activity is carried on. For example, paint shop, a machine shop, etc.

★ Service cost centers - is the one which assists the production activity. For example, store department, internal transport department, labour office, accounts department, etc.

 215 views

More Questions for you: