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Unit labor cost

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Amber S.
Aug 20, 2020
What is unit labor cost?

1 answer

Munmun S.
Aug 20, 2020

Unit labor cost refers to the amount of personnel expenses to make one item of your product. Knowing your total cost per unit can help you plan your pricing, see how different sales levels affect your gross profits, understand how changes in sales volumes will affect your profit margins and determine if you need to make changes to your production methods. You may also hear the term “unit labor cost” used in macroeconomic discussions referring to productivity relative to an economy.

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