unit cost
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(pronounced YOO-neht kahst)

An essential term because it will show up on many itemized invoices in your future design industry career. The unit cost (or unit price) is a fixed price for a measurable quantity of work to be performed or for an item to be supplied. If the former, the unit price would include all associated labor, equipment and materials. If the latter, it can be a single item or an entire lot containing a set amount of items.

See also: extended cost