Definition of unit cost
: the cost allocated to a selected unit and commonly calculated as the cost over a period of time divided by the number of items produced
Start your free trial today and get unlimited access to America's largest dictionary, with:
- More than 250,000 words that aren't in our free dictionary
- Expanded definitions, etymologies, and usage notes
- Advanced search features
- Ad free!
Seen and Heard
What made you want to look up unit cost? Please tell us where you read or heard it (including the quote, if possible).