Unit costs in business
Posted by Peter Baskerville in Nov, 2018
What are unit costs in business? The unit cost is the expense incurred by a business to produce, store and sell a single product. The unit cost is also known as average cost, product cost or single cost. The unit cost is typically calculated when a business produces a large volume of identical products. Unit […]
Category: BSBFIN402
Unit costs in business
Posted by SkillMaker in Dec, 2016
What are Unit costs? The unit cost is the average total cost of making, storing and selling one unit of a product. It is a consideration when a business makes large numbers of the same product. The unit cost of a product takes into account fixed costs as well as variable costs. Fixed costs are […]
Category: BSBSMB402
Post Tagged with breakeven point, fixed costs, pricing, production, profit, small business finance, SMB, unit costs, variable costs