Question

Cost unit and cost cent re have the same meaning. ​

Answer 1

Explanation:

An accountant needs to assert the cost of different objects in the system of cost accounting. The cost centre meaning is one portion of the whole organization, to which the cost is charged. On the contrary, cost unit or unit cost refers to a unit in which cost is measured or expressed.

Answer 2

Answer:

Cost centre refers to a subdivision or any part of the organization, to which costs are incurred, but does not contribute to the company's revenues directly. Cost unit implies any measurable unit of product or service, with respect to which costs are assessed. It is used as a basis for classifying costs.

A cost unit refers to the unit of quantity of product, service or time (or combination of these) in relation to which costs may be ascertained or expressed.

Explanation:

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