ECONOMICS

Detailed explanation-1: -Chemical costs include the costs of consumables such as hydrogen peroxide and chemicals involved in the AOP such as TiO2 photocatalyst. Prices for H2O2 and TiO2 are obtained from standard industrial suppliers such as ICIS Pricing and Inframat Advanced Materials (icis): H2O2 (50%): $4 per gallon. TiO2: $300 per kg.

Detailed explanation-2: -Example of a Cost Unit: The cost unit of the steel business would be a ton, and the expense unit of the hotel business is a room. This is laid by the cost center. There are both basic units and complex units in cost units.

Detailed explanation-3: -A unit cost is a total expenditure incurred by a company to produce, store, and sell one unit of a particular product or service. Unit costs are synonymous with cost of goods sold (COGS). This accounting measure includes all of the fixed and variable costs associated with the production of a good or service.