unit cost

The cost of a given unit of a product.

The cost incurred by a company to produce, store and sell one unit of a particular product. Unit costs include all fixed costs (i.e. plant and equipment) and all variable costs (labor, materials, etc.) involved in production.

Investopedia Says:
Unit cost is an important metric to look at when evaluating a "unit grower" stock, or a stock that chiefly produces items that have a low fixed cost. Generally, the larger a company grows, the lower the unit cost it can achieve through economies of scale.

Related Links:
Learn economics principles such as the relationship of supply and demand, elasticity, utility, and more! Economics Basics
We look at a retailer's inventory turnaround times, its receivables as well as its collection period. Measuring Company Efficiency
Learn how to use revenue and expenses, among other factors, to break down and analyze a company. Understanding The Income Statement

Cost of producing one unit of product or service, usually based on averages. For example, if total manufacturing costs are $100,000 and the production volume for a given period is 10,000 units, the unit production cost is $10 per unit ($100,000/10,000 units). Unit costs may be stated in terms of gallons, feet, tons, individual units, and so on. Unit costs must be available for comparison of varying volumes and amount and for the purpose of establishing unit sales price of the product or service. If volume of activity increases, the variable cost per unit remains the same but the fixed cost per unit drops.

The noun has one meaning:

Meaning #1: calculated cost for a given unit of a product