DESCRIBE cost unit and give EXAMPLE(S) of cost unit for the following Industry or Product: Industry or…

Cost unit is a unit of product, service or time (or combination of these) in relation to which costs may be ascertained or expressed. These are usually the units of physical measurement like number, weight, area, volume, length, time and value. Industry or Product Cost unit(s) Construction Square meter, cubic meter Transport Passenger- kilometer, tonne-kilometer Technology Software license, hardware component Oil Barrel, tonne, litre Gas Cubic feet Electricity Kilowatt-hour (kWh)