Cost Unit

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

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August 21, 2015 at 11:29 pm #268026
farekhan
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Sir,
I cannot understand cost unit. I searched from the internet and I got that cost unit is a unit of product,service or time in relation to which cost maybe ascertained and expressed. How can a cost unit be used to ascertain cost?
August 22, 2015 at 8:42 am #268064
John Moffat
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The cost unit isn’t used to ascertain cost – that is not what the sentence says.

The cost unit is whatever it is that we are trying to get/ascertain the cost of.

I do suggest that you watch our free lectures. They are a complete course for Paper F2.
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