Cost Unit is defined as a ............

CS Executive · Corporate and Management Accounting · PYQS · December 2024
Cost Unit is defined as a ............
(A) Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed.
(B) Location, person or an item of equipment or a group of these for which costs are ascertained and used for cost control
(C) Centres having the responsibility of generating and maximizing profits
(D) Centres concerned with earning an adequate return on investment

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Cost Accounting

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