cost per item

USAGE SUMMARY

The phrase "cost per item" is correct and usable in written English.
It can be used when discussing pricing, budgeting, or financial analysis related to individual items in a larger context. Example: "The cost per item for the new product line is significantly lower than our previous offerings."

✓ Grammatically correct

Science

News & Media

Encyclopedias

Wiki

Human-verified examples from authoritative sources

Exact Expressions

24 human-written examples

Both performances are objects of an average cost per item minimization.

European Journal of Operational Research

1885 The first typewriter includes the still-obscure sign, mainly used by accountants to denote cost per item.

Independent

The rule of thumb in transporting of goods is that the higher the volume shipped at one time, the lower the cost per item.

Britannica

For example, the output, profit, productivity, product quality, etc., may be maximized, or the cost per item, investment, energy input, etc., may be minimized.

Comprehensive Energy Systems

Existing studies of on-line process control are concerned with economic aspects, and the parameters of the processes are optimized with respect to the average cost per item produced.

European Journal of Operational Research

Only those patients who require special attention either for diagnosis or treatment should reach the second (advisory) or third (specialized treatment) tiers where the cost per item of service becomes increasingly higher.

Encyclopedia Britannica

Human-verified similar examples from authoritative sources

Similar Expressions

36 human-written examples

The retail behemoth said store managers and product buyers are checking competition more often to make sure the company has lower prices on the right mix of items, as well as partnering more closely with suppliers to lower costs per item.

Forbes

Differences in costs per item returned are also examined.

BMC Health Services Research

Total costs per patient were calculated by summing the number of resources multiplied by the costs per item.

BMC Infectious Diseases

Based on the costs per item, costs during the follow-up period will be calculated as the cumulative costs per patient.

BMC Public Health

Details regarding unit costs per item are summarized in the Appendix: Table 8).> -wrap-foot> afor the whole sample within the indicated period,b 95 CI%, cper patient Table  3 details the costs associated with providing ART.

BMC Health Services Research

Expert writing Tips

Best practice

When calculating the "cost per item", ensure all relevant costs (materials, labor, overhead) are included for an accurate representation.

Common error

A frequent mistake is to only consider direct costs (materials, direct labor) when determining "cost per item". Don't forget to factor in indirect costs such as rent, utilities, and administrative overhead for a complete picture.

Linguistic Context

The phrase "cost per item" functions as a noun phrase, acting as a key performance indicator in business and economics. It quantifies the expense associated with producing, acquiring, or delivering a single unit. As Ludwig AI confirms, it is widely used.

Expression frequency: Very common

Frequent in

Science

40%

News & Media

28%

Formal & Business

16%

Less common in

Encyclopedias

8%

Wiki

8%

Reference

0%

Ludwig's WRAP-UP

The phrase "cost per item" is a versatile and frequently used term, primarily functioning as a noun phrase. According to Ludwig AI, it is grammatically correct and widely used across various contexts. Its primary purpose is to quantify the expense associated with a single unit, aiding in financial analysis and decision-making. While it appears most often in scientific, news, and business contexts, ensure you consider both direct and indirect costs for accurate calculation. Alternatives such as "unit cost" or "price per unit" can be used depending on the specific context. This analysis provides a comprehensive understanding of the phrase’s usage, alternatives, and common pitfalls.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

unit cost

This alternative is shorter and more concise, commonly used in business contexts.

price per unit

It substitutes "cost" with "price", emphasizing the amount a buyer pays.

expense per item

It uses "expense" instead of "cost", highlighting a broader range of financial implications.

average cost per unit

It adds "average", indicating a mean cost across multiple units.

cost per piece

It replaces "item" with "piece", suitable for discrete objects or components.

individual item cost

This alternative rephrases to emphasize that the cost is related to a single item.

itemized cost

It suggests a breakdown of the cost associated with each item.

cost attributed to each item

This version is more descriptive, indicating that the cost is assigned to each item.

burden per item

It substitutes "cost" with "burden", implying the cost is a load to bear.

embedded cost per item

Implies there are fixed or hidden costs already factored into the item price.

FAQs

How do I calculate the "cost per item" for my small business?

To calculate the "cost per item", add up all direct and indirect costs associated with production, then divide by the total number of items produced. Make sure to include materials, labor, and overhead expenses.

What can I say instead of "cost per item"?

You can use alternatives like "unit cost", "price per unit", or "expense per item" depending on the context.

How does the "cost per item" affect pricing strategies?

The "cost per item" is a crucial factor in determining pricing strategies. It sets the baseline for profitability, influencing markup decisions and ensuring that prices cover all production expenses while remaining competitive.

What's the difference between "cost per item" and "price per item"?

While both terms relate to individual units, "cost per item" refers to the expenses incurred by the seller to produce or acquire the item, while "price per item" is the amount the seller charges to the buyer.