Cost Unit is defined as ........

Costing - Phase (I & II) Lean System and Innovation

Cost Unit is defined as:

Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed

A location, person or an item of equipment or a group of these for which costs are ascertained and used for cost control.

Centres having the responsibility of generating and maximising profits

Centres concerned with earning an adequate return on investment

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Explanation:

A unit cost is a total expenditure incurred by a company to produce, store, and sell one unit of a particular product or service.This accounting measure includes all of the fixed and variable costs associated with the production of a good or service.