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Unit Cost Formula

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Unit Cost refers to the average cost incurred to produce a single unit of a product, calculated by dividing total production costs by the number of units produced. Check FAQs

UC = \frac{TC}{TUP}

UC - Unit Cost?TC - Total Cost?TUP - Total Units Produced?

Unit Cost Example

With values

With units

Only example

Here is how the Unit Cost equation looks like with Values.

Here is how the Unit Cost equation looks like with Units.

Here is how the Unit Cost equation looks like.

59.4737 = \frac{56500}{950}

59.4737 = \frac{56500}{950}

59.4737 = \frac{56500}{950}

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Unit Cost Solution

Follow our step by step solution on how to calculate Unit Cost?

FIRST Step Consider the formula

UC = \frac{TC}{TUP}

Next Step Substitute values of Variables

∴

UC = \frac{56500}{950}

Next Step Prepare to Evaluate

∴

UC = \frac{56500}{950}

Next Step Evaluate

∴

UC = 59.4736842105263

LAST Step Rounding Answer

∴

UC = 59.4737

Unit Cost Formula Elements

Variables

Unit Cost

Unit Cost refers to the average cost incurred to produce a single unit of a product, calculated by dividing total production costs by the number of units produced.

Symbol: UC

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Unit Cost

Total Cost

Total Cost is the sum of all expenses incurred in the production and delivery of goods or services, including both fixed and variable costs.

Symbol: TC

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Cost

Total Units Produced

Total Units Produced is the complete quantity of goods manufactured during a specific period.

Symbol: TUP

Measurement: NAUnit: Unitless

Note: Value should be greater than 0.

Formulas to find Total Units Produced

Other formulas in Cost Accounting category

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BR = (\frac{NUO}{TNO})

Go Conversion Cost

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Go Cost of Goods Sold

COGS = BI + PDP - EI

Go Customer Acquisition Cost

CAC = \frac{CSM}{NNCA}

How to Evaluate Unit Cost?

Unit Cost evaluator uses Unit Cost = Total Cost/Total Units Produced to evaluate the Unit Cost, The Unit Cost refers to the average cost incurred to produce a single unit of a product, calculated by dividing total production costs by the number of units produced. Unit Cost is denoted by UC symbol.

How to evaluate Unit Cost using this online evaluator? To use this online evaluator for Unit Cost, enter Total Cost (TC) & Total Units Produced (TUP) and hit the calculate button.

FAQs on Unit Cost

What is the formula to find Unit Cost?

The formula of Unit Cost is expressed as Unit Cost = Total Cost/Total Units Produced. Here is an example- 59.47368 = 56500/950.

How to calculate Unit Cost?

With Total Cost (TC) & Total Units Produced (TUP) we can find Unit Cost using the formula - Unit Cost = Total Cost/Total Units Produced.

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Unit Cost Formula

Unit Cost Example

Unit Cost Solution

Unit Cost Formula Elements

Other formulas in Cost Accounting category

How to Evaluate Unit Cost?

FAQs on Unit Cost

Variable Name