unit cost
cost of producing one unit of product or service, usually based on averages.
Unit cost
Definition: Average cost i.e. total cost divided by output.
Related glossary term: ...
Unit costs:
The costs per unit produced. Can be used to analyse a company's performance.
Français: Coûts unitaires
Español: Costos unitarios ...
Unit Costs in Assembly Department
We can now use the Equivalent Units and cost data to compute unit costs for this department: ...
Unit Cost - The cost incurred by a company to produce, store and sell one unit of a particular product. Unit costs include all fixed costs (i.e. plant and equipment) and all variable costs (labor, materials, etc.) involved in production.
Unit Cost The purchase price divided by the applicable unit.
Walk-out This is when a customer leaves the premises without paying the bill.
Unit cost - Cost per unit of output, equal to total variable cost divided by total output. Also called average variable cost.
unit cost = (total value of old stock + total cost of receipts) ÷ (units of old stocks + units of received)
total cost of old stock = old unit cost × units of old stock, bar rounding errors.
Unit cost system is a synonym for the LIFO inventory cost flow assumption under the periodic system.
Unit-level activities ...
The per unit cost of producing a good or service in the long run when all inputs under the control of the firm are variable. In other words, long-run total cost divided by the quantity of output produced.
Once the unit cost of inventory is determined via the preceding rules of logic, specific costing methods must be adopted.
and how do your unit costs compare with the competition? Could you use just-in-time (JIT) ordering to make your purchasing process more effective and, at the same time, obtain lower prices for your raw materials?
Column 4 shows the unit cost of each cost item. The sum of the cost items adds up to the selling price
Column 5 shows the percentage that each cost item represents of turnover
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This model has strengths in achieving economies of scale that result from a reduction in unit costs as production volumes expand, ...
A natural monopoly comes about due to economies of scale-that is, due to unit costs that fall as a firm's production increases.
A firm is operating at optimum output when marginal cost coincides with average total unit cost.
economies of scale - The benefit that larger production volumes allow fixed costs to be spread over more units lowering the average unit costs and offering a competitive price and margin advantage.
One explanation, associated in particular with Paul Krugman of the Massachusetts Institute of Technology, drew on ADAM SMITH's idea that the DIVISION OF LABOUR lowers unit costs.
Of course you may adjust your selling price on the item, but what does the increase in unit cost do to the value of your existing inventory?
affine pricing: A pricing schedule where there is a fixed cost or benefit to the consumer for buying more than zero, and a constant per-unit cost per unit beyond that.
[1] Dell will likely see higher unit costs from Intel, for ordering lower quantities, but over the long term it should benefit from price competition between AMD and Intel.
1) replacement rate - how frequently is the product repurchased
2) gross margin - how much profit is obtained from each product (average selling price less average unit cost)
3) buyer goal adjustment - how flexible are the buyers' purchasing habits ...
An economic principle whereby the per unit cost of producing each unit of output falls as the volume of production increases.
The incremental change in the unit cost of a product as a result of a
change in the volume of its production.
marginal tax rate
Additional taxes owed per dollar of additional income.
Dollar cost averaging
Plan to reduce the average share or unit cost by investing set amounts on a regular basis. The investor buys more shares or units when prices are low and fewer when prices are high.
A phenomenon which encourages the production of larger volumes of a commodity to reduceits unit cost by distributing fixed costs over a greater quantity.
Electronic Business ...
The accounting focused on determining the cost per unit of a manufacturer in order to value inventory and cost of goods sold. It is also used to determine unit costs of items processed in service businesses, ...
Indicators of market performance include the size of gaps between actual and minimum feasible unit costs, price-cost margins, rates of change in output per hour of work, and the variability of employment over the business cycle.
Long-run average cost curve (LAC) The locus of points representing the minimum unit cost of producing any given rate of output, given current technology and resource prices.
That term is the effect of the change in AC on the cost of producing the first 100 units. The third set of numbers for Answer 1 illustrates this. The 101st unit costs the average of 11 plus an additional 100, ...
Target costing: The determination of the per-unit variable cost necessary to achieve desired profits, followed by efforts by those responsible for product design and manufacturing to achieve the desired per-unit cost.
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Say if you are investing Rs 9000/ and if one particular unit costs Rs 30/, then the total number of units that you get to purchase is 300. The other type of investment is done periodically instead of a one time down payment.
(However, since the "natural monopolist" by definition faces a situation where his marginal costs will be lower than his average per unit costs, ...
unit cost The cost per item. Unit Investment Trust A SEC-registered investment company that purchases a fixed, unmanaged portfolio... unit of trade The term denoted to each single, indivisible amount in a transaction. The unit...
 See also: Expense, Fixed cost, Fixed costs, Acquisitions, Variable cost
  
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