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Glossary

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U

Unit.
The standard size or quantity of a stock item.

Unit Cost.
The cost to an organisation of acquiring one unit, including any freight costs, if obtained from an external source or the total unit production cost, including direct labour, direct material and factory overheads, if manufactured in-house.

Unit of Measure.
The standard unit of an item used in the stock account and to construct order quantities.

Acronyms | 1-10 | A | B | C | D | E | F | G | H | I | J
K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

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