Cost Unit is defined as:

A. Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed

B. A location, person or an item of equipment or a group of these for which costs are ascertained and used for cost control

C. Centres having the responsibility of generating and maximising profits

D. Centres concerned with earning an adequate return on investment

Answer: Option A

Solution(By Examveda Team)

Cost Unit is defined as Unit of quantity of product, service or time in relation to which costs may be ascertained or expressed. A cost unit refers to the unit of quantity of product, service or time (or combination of these) in relation to which costs may be ascertained or expressed.