Chapter 13. Cost Centers

  1. Richard Hill and
  2. George Solt

Published Online: 30 AUG 2010

DOI: 10.1002/9780470768570.ch13

Engineering Money: Financial Fundamentals for Engineers

Engineering Money: Financial Fundamentals for Engineers

How to Cite

Hill, R. and Solt, G. (2010) Cost Centers, in Engineering Money: Financial Fundamentals for Engineers, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9780470768570.ch13

Publication History

  1. Published Online: 30 AUG 2010
  2. Published Print: 1 SEP 2010

ISBN Information

Print ISBN: 9780470546017

Online ISBN: 9780470768570

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Keywords:

  • cost centers, an accounting tool - allowing us to take staff costs;
  • cost centers, ways of converting staff costs - from overhead to direct costs, calculating a cost per person-hour;
  • monitoring progress, managing cash flow - and estimating future contracts

Summary

This chapter contains sections titled:

  • What's a Cost Center?

  • How does it Work?

  • Measuring the Cost

  • Measuring the Output

  • The Administration

  • A Monitoring System

  • Summary