cost per unit

USAGE SUMMARY

The phrase "cost per unit" is correct and commonly used in written English.
It refers to the price of one unit of a product, item, or service. Example: The cost per unit of the new product is $5. This means that each unit will be sold for $5.

✓ Grammatically correct

Business Research

News & Media

Science

Human-verified examples from authoritative sources

Exact Expressions

58 human-written examples

Production cost (per unit input).

Business Research

Granted, the cost per unit would shrink with increasing volume.

Harvard Business Review

The cost per unit of DNA sequenced is extraordinarily high.

The New York Times - Health

A spokesman for BBC North said the cost per unit was £0.15 pence.

The Guardian

It also said the cost per unit of Epogen to Medicare had dropped over the years.

The New York Times

At Ferry Street, the cost per unit of renovation will be $13,000.

The New York Times

And this reduces its cost per unit sold, freeing resources to develop even more sophisticated machines.

The New York Times

The fixed cost per unit drops, and profit rises as volume increases.

Harvard Business Review

No changeover meant no machine downtime and a record low cost per unit.

Harvard Business Review

Human-verified similar examples from authoritative sources

Similar Expressions

2 human-written examples

It goes against conventional big business wisdom where a lower cost per-unit is a plus.

Forbes

Check your cost-per-unit (e.g. Ounces, Litres).

WikiHow

Expert writing Tips

Best practice

When comparing different products, always consider the "cost per unit" to accurately assess value, especially when package sizes vary.

Common error

Don't assume that a lower "cost per unit" is always better without considering the total cost. Purchasing in bulk might reduce the individual unit cost, but it also increases storage needs and potential waste if not used efficiently.

Linguistic Context

The phrase "cost per unit" functions as a noun phrase that represents the expense incurred for a single item or service. It is commonly used in business, economics, and everyday contexts to quantify and compare the prices of goods and services. Ludwig AI confirms its common usage.

Expression frequency: Common

Frequent in

Science

34%

News & Media

33%

Formal & Business

33%

Less common in

Wiki

0%

Encyclopedias

0%

Social Media

0%

Ludwig's WRAP-UP

In summary, the phrase "cost per unit" is a grammatically sound and frequently used term that refers to the expense associated with a single item or service. As confirmed by Ludwig AI, this term is widely applicable in fields such as business, news, and science. It serves as a standardized metric to evaluate and contrast the economic worth of various products, aiding informed decision-making in both professional and everyday contexts. Common alternative phrases include "unit cost" and "expense per item". Remember to consider the wider implications of economies of scale and not focus solely on the individual unit cost to prevent decision-making errors. The versatility of "cost per unit" ensures its continued relevance across different professional and personal contexts.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Unit cost

This is a more concise way of saying "cost per unit", rearranging the words while maintaining the same meaning.

Expense per item

Substitutes "cost" with "expense" and "unit" with "item", offering a slight variation in wording.

Price per piece

Replaces "cost" with "price" and "unit" with "piece", suitable when referring to individual components.

Cost for each unit

Adds "for each" to explicitly specify that the cost applies to every individual unit.

Per-unit expense

Combines "per" and "unit" into a single adjective modifying "expense", offering a more compact phrasing.

Individual unit cost

Adds "individual" to emphasize that the cost is specific to a single unit.

Cost apportioned to each unit

Replaces 'per' with 'apportioned to each', which is a more formal way of describing the allocation of costs.

Average cost per unit

Specifies that the cost represents an average value across all units, useful when costs vary.

Production cost per unit

Explicitly includes 'production' to specify which costs are being assessed.

Manufacturing cost per unit

Similar to production cost per unit, but uses 'manufacturing' to focus the cost on manufacturing

FAQs

How can I calculate the "cost per unit"?

To calculate the "cost per unit", divide the total cost by the number of units. For example, if a box of 100 items costs $50, the "cost per unit" is $0.50.

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

"Cost per unit" refers to the expense incurred to produce, acquire, or maintain a single unit, while "price per unit" is the amount the unit is sold for. "Price per unit" includes profit margins and market considerations beyond just the cost.

What are some strategies to reduce the "cost per unit"?

Strategies to reduce the "cost per unit" include increasing production volume to leverage economies of scale, streamlining supply chains, negotiating better rates with suppliers, and improving production efficiency.

In what situations is it important to consider the "cost per unit"?

It is crucial to consider the "cost per unit" when making purchasing decisions, comparing the value of different products, determining pricing strategies, and analyzing the profitability of production processes. Understanding the "cost per unit" helps in /s/making+informed+decisions about resource allocation and efficiency.