Unit Product Cost Calculator
Unit Product Cost Calculator
| Component | Description |
|---|---|
| Total Production Costs | The total costs associated with the production of goods, including materials, labor, and overhead. |
| Total Units Produced | The total number of units produced during the production process. |
| Unit Product Cost | The average cost to produce one unit. |
| Formula | Unit Product Cost = Total Production Costs / Total Units Produced |
| Purpose | Used to determine the cost per unit of production, aiding in pricing and cost control. |