Unit Cost
Unit cost is the total expense incurred to produce, store, and sell one unit of product or service. It includes direct costs like materials and labour and may include allocated overhead. Understanding unit cost is essential for pricing, profitability analysis, and cost control in manufacturing and retail.
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Under-absorption of Overheads
Under-absorption of overheads happens when the allocated overheads to products or jobs are less than the actual overheads incurred. It…
Unfavourable Variance
An unfavourable variance occurs when actual costs exceed budgeted or standard costs, or when actual revenue falls short of expectations.…
Utility Expense
Utility expense represents the cost of services such as electricity, water, gas, and internet used in business operations. It is…
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