Unit Cost
The unit cost of the item is calculated as follows:
MC + LC + FOC + VHC + OC = UC
- MC = Material Cost
- LC = Labor Cost
- FOC = Fixed Overhead Cost
- VOC = Variable Overhead Cost
- OC = Outside Cost
- UC = Unit Cost
The unit cost of the item is calculated as follows:
MC + LC + FOC + VHC + OC = UC