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Eduncle posted an MCQ
October 17, 2019 • 20:30 pm 0 points
  • UGC NET
  • Education

Which one of the following statements clearly articulates the meaning of unit cost?

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    Eduncle Best Answer

    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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