Question

………. is a quantitative unit of product or service or time in relation to which costs are ascertained or expressed *

a) Cost centre

b) Cost Unit

c) Composite Cost

d) Multiple Cost​

Answer 1

Answer:

the answer will be b. COST UNIT

Answer 2

b) Cost Unit is a quantitative unit of product or service or time in relation to which costs are ascertained or expressed.

What is unit cost? :

• A company's entire costs to create, store, and sell one unit of a specific item or service are known as the unit cost. Cost of goods sold and unit costs are the same (COGS).
• The expenses involved in producing an item or service, both fixed and variable, are all included in this accounting metric. An essential cost metric in a company's operational analysis is unit cost.
• A easy technique to determine whether a firm is manufacturing a product effectively is to identify and analyse the unit expenses of the company.
• The unit cost will be disclosed in financial accounts for a corporation. The examination of internal management relies heavily on these reports. By company type, different unit cost reporting requirements may apply.

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