Under the variable-cost approach, the cost base consists of all of the variable costs associated with a product except variable selling and administrative costs.

Name: Under the variable-cost approach, the cost base consists of all of the variable costs associated with a product except variable selling and administrative costs.
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The variable-cost approach includes all variable costs, including variable selling and administrative costs, in the cost base.

Under the Variable-Cost Approach, the Cost Base Consists of All