Einingaverði
Einingaverði refers to the cost of a single unit of a product or service. This metric is crucial for businesses in determining profitability, setting prices, and making informed decisions about production and procurement. Calculating the einingaverði typically involves summing all direct and indirect costs associated with producing or acquiring one unit and then dividing that total by the number of units produced or acquired.
Direct costs include expenses that can be directly attributed to a specific unit, such as raw materials
Understanding the einingaverði is vital for pricing strategies. If a company sells a product for less than