The unit cost is the
price incurred by a
company
A company, abbreviated as co., is a Legal personality, legal entity representing an association of legal people, whether Natural person, natural, Juridical person, juridical or a mixture of both, with a specific objective. Company members ...
to produce, store and sell one unit of a particular product. Unit costs include all
fixed costs and all
variable costs involved in production. Cost unit is a form of measurement of volume of production or service.
Cost unit vs unit cost
Cost unit is the standard unit for buying the minimum of any product. Unit cost is the minimum cost for buying any standard unit.
References
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Costs