Question

The cost that can be identified with a cost unit is called

Answer 1

A unit cost is a total expenditure incurred by a company to produce, store, and sell one unit of a particular product or service. Unit costs are synonymous with the cost of goods sold and cost of sales.

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Answer 2

Staff members on tasks that benefit the company's performance beyond offering goods and services are referred to as indirect labour. They work in fields including administrative, accounting, and engineering. It has a generic nature and cannot be easily associated with a specific cost unit. Indirect labour is not directly involved in the production, but rather contributes in it indirectly. Peon, supervisor, clerk, and watchman are just a few examples.