Which of the following is not a cost concept commonly used in applying the cost-plus approach to product pricing?
A) total cost concept
B) product cost concept
C) variable cost concept
D) fixed cost concept

Question

Quizplus · Accepted Answer

The cost-plus approach to product pricing typically involves the total cost concept, product cost concept, and variable cost concept. The fixed cost concept is not commonly used as a standalone approach in cost-plus pricing because it does not consider variable costs, which are crucial for determining the price based on the cost of producing a product.

Which of the Following Is Not a Cost Concept Commonly