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Question 63 of 85

Q.Answer the following questions in one sentence each :

(v) What is cost unit?
ChseodishaCHSE Odisha Plus Two (Class 12) Commerce Board 2023Subjective· 1mImportance★★★★★est
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Cost unit = the unit of measurement in which cost is expressed.

A cost unit is a quantitative unit of product or service in relation to which costs are ascertained and expressed. It answers "cost per what?"

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