COST CENTERS Sample Clauses
The COST CENTERS clause defines how expenses and revenues are allocated to specific departments, projects, or units within an organization for accounting and budgeting purposes. In practice, this clause outlines the procedures for assigning financial transactions to designated cost centers, ensuring that each unit's financial performance can be tracked and managed separately. By establishing clear guidelines for cost allocation, the clause helps organizations monitor spending, control budgets, and improve financial accountability across different segments.
COST CENTERS. 4.1 In order to provide for an efficient control of the Recoverable Costs under this Contract, all costs must be presented for Petrobangla's review on the basis of Cost Centers. The detailed division shall be agreed upon pursuant to Section 1.7 hereof. However, as a minimum the following divisions shall be established:
a) The costs shall be allocated per area in the following manner:
i) Exploration Area
ii) each individual Production Area
iii) costs that cannot be related to a certain area.
b) The costs shall be allocated per Petroleum Operations in the following manner:
i) Exploration Operations, sub-divided further into:
A) aerial, geological, geochemical, paleontological, topographical and other surveys
B) each individual seismic survey
C) each individual Exploratory or Appraisal Well
D) infrastructure (roads, airstrips, etc.)
E) support facilities (warehouses etc.), including an allocation of common service costs (costs related to various Petroleum Operations)
F) administrative overhead and general expenses G) other costs.
ii) Development Operation, sub-divided further into:
A) aerial, geological, geochemical, geophysical and other surveys
B) each individual Development Well
C) gathering lines D) field facilities
COST CENTERS. In order to allocate the costs of operating, maintaining and developing the Airport, the following Cost Centers shall be utilized by the Authority, as more fully described in “Exhibit B”:
A. Airfield Area
B. Terminal Area
C. Other Airline Support D. Common Use Systems Support E. Landside Commercial F. Ancillary
COST CENTERS. In order to provide for an efficient control of the Recoverable Costs under this Contract, all costs must be presented for Petrobangla's review on the basis of Cost Centers. The detailed division shall be agreed upon pursuant to Section 1.7 hereof. However, as a minimum the following divisions shall be established:
COST CENTERS. Describe where specific costs were incurred. Cost Centers will be the most common object used. Cost centers are areas of organizational responsibility in which costs are incurred and planned. Identifies administrative grouping within an office and duties as well as the manager responsible. Regional Office Departments include: Underwriting; Sales; Human Resources; and Claims. Each Regional Office is assigned a distinct four digit number.
COST CENTERS. The sum total of all direct costs, departmental overhead costs and organization indirect cots required to provide a specific service.
COST CENTERS. A. Direct (revenue-producing) cost centers include the following:
1. Terminal Complex All levels of space in the Landside Terminal and airside Concourses A, B, and C, including the pedestrian bridge to Concourse A, public escalators, elevators and moving walkways.
COST CENTERS. Lessor will create the following cost centers at the beginning of Fiscal Year 2009, for the purpose of allocating the cost of operating, maintaining and developing the Airport among the users thereof:
1. South Terminal Cost Center;
2. North Terminal Cost Center; and
3. Airport Cost Center.