What does unit cost mean?
Definitions for unit cost
unit cost
This dictionary definitions page includes all the possible meanings, example usage and translations of the word unit cost.
Princeton's WordNet
unit costnoun
calculated cost for a given unit of a product
Wiktionary
unit costnoun
The cost to acquire a unit of a good or service for a specific quantity that is purchased.
Wikipedia
Unit cost
The unit cost is the price incurred by a company 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.
ChatGPT
unit cost
Unit cost refers to the total expenditure incurred by a company to produce, store, and sell one unit of a particular product or service. It includes all fixed costs (overhead) and variable costs (direct labor and materials) associated with production. This is an important figure because it is used to determine a product's selling price and calculate profitability. Unit cost allows companies to identify the minimum price they can charge while still covering production costs and earning a profit.
Wikidata
Unit cost
The unit cost is the cost incurred by a company to produce, store and sell one unit of a particular product. Unit costs include all fixed costs and all variable costs involved in production.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of unit cost in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of unit cost in Pythagorean Numerology is: 4
Examples of unit cost in a Sentence
It is important to note that most of our cost reductions are due to our own efficiency gains, not service company unit cost reductions.
Chief Executive Martin Sutherland:
Our order intake in the first half was quite poor hence we need to look at our pricing and therefore our unit cost of production, we will review all options for that business moving forward.
We are hoping that we will have something by end of the year, maybe the first quarter of next year, where will we know from Voltron what it costs, at which point, a lot of banks who might be sitting on the sidelines will be able to make a decision, clearly we are hoping that through this technology, the unit cost of doing a transaction comes down, along with other benefits, such as speed.
The unit cost of everything I buy-software, robots, machines, you name it-has gone down, so I can get the same result, but at half the cost.
Translations for unit cost
From our Multilingual Translation Dictionary
- preu unitariCatalan, Valencian
- ಘಟಕ ವೆಚ್ಚKannada
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"unit cost." Definitions.net. STANDS4 LLC, 2024. Web. 3 Jun 2024. <https://www.definitions.net/definition/unit+cost>.
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