The product unit cost is the sum of the cost elements added in all production department processes.

Question

Quizplus · Accepted Answer

The product unit cost is the total cost of producing one unit of a product, and it includes all the direct and indirect costs incurred in the different production and manufacturing processes. Therefore, the sum of the cost elements added in all production departments is a key factor in determining the final unit cost of a product.

The Product Unit Cost Is the Sum of the Cost