Notes on lesson on Unit or Output costing |

Unit or Output costing

Concept and Importance of unit costing and Components of cost sheet


Concept, Importance & Components of Unit costing

Unit or output costing is an important method of costing through which cost per unit is ascertained. The cost per unit of an article is obtained by dividing the total production cost by the number of units manufactured during a given period of time.It provides the necessary cost information to the management.