Definitions for "Unit Cost"
Total labor, material, and overhead cost for one unit of product ion, i.e., one part, one gallon, one pound, etc. [D04666] QWF
(1) The incurred expense attributable to a single measured amount of work. (2) In insurance, the amount charged per $1,000 of coverage, based on the level of risk presented by a specific insured. Also known as cost of insurance rate.
Cost per item.