Unit 2: Managing Financial Resources and Decisions - Costing and pricing decisions
Calculation of unit costs
In order to calculate unit cost we need to have an understanding of the different types of costs a business faces.
- materials,
- labour,
- overheads,
- direct,
- indirect,
- fixed,
- variable,
- semi-variable,
- functional costs
- administration
- marketing
- technical
- sales
- personnel
- operations
