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Unit Cost definition was found in categories: Language, Idioms & Slang(2) Business & Finance(1) Encyclopedia(1)
Unit Cost Definition from Language, Idioms & Slang Dictionaries & Glossaries
| WordNet 2.0 |
unit cost
Noun
1. calculated cost for a given unit of a product
(hypernym) cost
Noun
1. calculated cost for a given unit of a product
(hypernym) cost
| hEnglish - advanced version |
unit cost
unit cost
n : calculated cost for a given unit of a product
unit cost
n : calculated cost for a given unit of a product
Unit Cost Definition from Business & Finance Dictionaries & Glossaries
| Raynet Business & Marketing Glossary |
Unit Cost
the price of one unit of a product.
the price of one unit of a product.
Unit Cost Definition from Encyclopedia Dictionaries & Glossaries
| Wikipedia English - The Free Encyclopedia |
Average costing
Under the average-cost method, it is assumed that the cost of inventory is based on the average cost of the goods available for sale during the period. Average cost is computed by dividing the total cost of goods available for sale by the total units available for sale. This gives a weighted-average unit cost that is applied to the units in the ending inventory.
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