Standard Cost Per Unit Definition:

The standard cost of a unit of product as shown on the standard cost card; it is computed by multiplying the standard quantity or hours by the standard price or rate for each cost element.

Other Related Accounting Articles:

• Standard Cost Card Definition
• Standard Hours Allowed Definition
• Standard Quantity Allowed Definition
• Labor Efficiency Variance Definition
• Direct Labor Idle Time Variance
• Standard Hours Per Unit Definition
• Standard Quantity Per Unit Definition
• Direct Labor Efficiency Variance
• Materials Quantity Variance Definition
• Labor Rate Variance Definition