Question

A location for which cost is incurred is a​

Answer 1

1. A cost centre is a cost unit.
2. A cost centre is defined as a function or department within a company that does not directly generate revenues and profits for the company but incurs expenses for its operations.
3. In terms of profits, the cost centres make an indirect contribution.
4. Cost centre managers, such as those in human resources and accounting, are responsible for keeping costs in line or below budget.

Hence, a location for which cost is incurred is a cost centre.

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