unit cost
unit cost · unit costs
The cost to acquire a unit of a good or service for a specific quantity that is…The cost to acquire a unit of a good or service for a specific quantity that is produced or purchased. (For example, if it costs the baker 1000 pesos to produce a batch of biscuits that weigh 50 kilos, then their unit cost per kilo is 20 pesos.)
Meaning
1 sensesThe cost to acquire a unit of a good or service for a specific quantity that is produced or purchased. (For example, if it costs the baker 1000 pesos to produce a batch of biscuits that weigh 50 kilos, then their unit cost per kilo is 20 pesos.)
More definitions
- calculated cost for a given unit of a product