COST UNIT Definition

Bookmark and Share

COST UNIT is a functional cost unit which establishes standard cost per workload element of activity, based on calculated activity ratios converted to cost ratios.

Learn new Accounting Terms

COMMISSION is remuneration proportional to sales volume; stated as a percentage or monetary amount.

MERGER is the union of two or more commercial interests or corporations. The distinction being that identity of the merged companies, product lines, etc., may or may not lose its individual identity.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.