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What is the unit price of a product?

Updated: 12/23/2022
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Q: What is the unit price of a product?
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What is the unit price of diamorphine?

what is the unit price of diamorphine


A company produces and sells q units of its product The variable cost is 24 per unit and fixed costs are 80000 and the selling price is 32 per unit What is the profit equation?

price (32)= 80000 + 24X by using above equation profit can be calculated.


Is unit cost and unit price the same?

Unit cost is how much is costs to make. Unit price is how much you sell it for. The difference is profit.


What is a demand for a product?

A demand for a product is when a customer expresses a desire or willingness to purchase a product. It is the amount of a product that customers are willing to buy at a specific price. Generally the demand for a product is determined by the price of the product the customers income the availability of a substitute and the customers preferences. When the price rises demand falls and when the price decreases demand increases.Factors that affect the demand for a product include: Price of the product Customers income Availability of a substitute Customers preferencesIf the price of the product rises then the demand for the product falls and vice versa. This is due to the fact that customers are willing to pay a certain price for a product and when the price increases customers will be less likely to purchase the product.


If Annual units sold of 1000 Raw Materials has Total Annual Cost of 650 and Building Rent has total annual cost of 9000 What is the cost per unit?

if this building is used in the making of product then it's rent will be gone to indirect overheads and the rent of the building is fixed overhead and included in cost so per unit price will be: 9000+650 = 9650/1000 = 9.65 / unit if building is not used for the manufacturing of product then it's rent will not be included in cost and unit price will be: 650/1000 = .65 / unit hope that will help u

Related questions

What it selling price per unit?

Selling Price per Unit is the amount of money charged to a customer for each unit of product or service.


What is sales price per unit?

Sales price per unit means the price of any single unit of product to be sold for example price of one air conditioner is 30000 etc.


What is accont?

Cost accounting is the process of calculating cost price of one single unit of product manufactured on the bases of which selling price of product is established.


What is cost acconting?

Cost accounting is the process of calculating cost price of one single unit of product manufactured on the bases of which selling price of product is established.


What is the full form of USP as used to describe the USP of a product?

unit selling price


Why is cost accounting essential for management?

Cost accounting is used to calculate the per unit cost of product so if the management does not know the per unit product price they will not able to set the selling price of product and determine the profit per unit which they can earn and so many other important decision like these are dependent on cost accounting.


What is the difference between sales price and variable costs?

Sales price is the price at which unit of product is sold while variable cost is that cost of unit which in manfuacturing process varies with change in level of production directly.


what is the average cost of the product Nutone VX550C Central Vacuum?

The unit price ranges from $457 to $589. The average price is 498.54.


A store is selling 5 cans of tomato sauce for 4.50 What is the unit price?

Typically UNIT PRICE is "price per unit volume" or "price per unit weight." In this case, you did not say how much tomato sauce was in each can, so the two typical "unit prices" I mentioned are not possible to calculate. The reason that these are best is that its necessary to compare prices as each package or can, etc., can contain more or less product. A very large can can be cheaper or sometimes more expensive then a smaller can of the same product, even within the same exact brands. If you want the price per unit, and your unit is "a can of unknown quantity", then your unit price per can is: $4.50/ 5Cans = $0.90/Can, or 90 cents per can-unit.


I understand price divided by units gives you unit price What does dividing units by price give you?

It gives you the number of product units you get per dollar spent.


Ginger Company's product has a contribution margin per unit of 11.25 and a contribution margin ratio of 22.5 percent What is the selling price of the product?

50


What is the formula for calculating unit price?

Unit price is Total price of the product (P) divided by the number of individual products withint he container (n). For example, if a pack of 10 cookies costs $1.00, the unit price is: 100 cents/ 10 cookies= 10 cents.